It has been a mixed trading day for the cryptocurrency market, with some altcoins consolidating while others displaying staggering gains. MATIC has been among the many high 10 gainers available in the market right this moment, because it took residence 21.8% positive aspects and revisited its multi-month excessive.
Axie Infinity also witnessed a considerable appreciation of 13.1% and inched closer to $92.9. Litecoin, after mountaineering yesterday, displayed range-bound motion because it recorded a acquire of simply 0.7%.
Litecoin (LTC)
Litecoin secured a multi-month high yesterday. It was trading at $217.40 at press time, after rising by 0.7%The altcoin can contact its overhead resistance of $218.77, if it maintains its uptrend.
Technical indicators depicted bullishness in the market. Relative Energy Index was parked above the 75-mark because the asset was overvalued. Correspondingly, Chaikin Money Flow was also in the bullish zone as capital inflows remained positive.
Inexperienced bars on MACD’s histogram have been, nonetheless, receding over the previous buying and selling classes. Moreover, the indicator was also spotted at a three-month high. On the draw back, help for LTC lay at $194.13 and a fall beneath that stage would push LTC to its two week low of $160.58.
Polygon (MATIC)
MATIC rallied 21.8% over the past 24 hours and was trading at $1.72. On the present value stage, the altcoin reclaimed its three-month excessive. If MATIC maintains an uptrend, it could topple over the $1.78 price ceiling and trade near the $1.87 resistance mark.
Indicators depicted a bullish image for MATIC. MACD displayed green bars on its histogram, after it witnessed a bullish crossover. Relative Energy Index stood close to the 75-mark.
Awesome Oscillator flashed green signal bars and recorded a multi-week high. If a corrective value pullback happens, then MATIC may push right down to $1.70 after which at $1.53. Additional support levels stood at $1.38 and $1.28, which would mark a one week low for the coin.
Axie Infinity (AXS)
AXS surged 13.1% during the last day and was buying and selling at $84.32. With a sustained rise, the token could revisit its all-time high of $92.92. Toppling over the aforementioned value stage, AXS may goal the psychological value mark of $95.
Relative Strength Index stood near 60, as with the dip in buying pressure the token slipped from the overbought zone. Superior Oscillator flashed a crimson sign bar after a sequence of inexperienced sign bars owing to a buying and selling session within the crimson.
Bollinger Bands diverged, implying AXS could undergo increased price volatility. If Axie moved south, the altcoin will meet its quick help stage at $79.71. A fall from this level would mean it will land on its weekly low of $68.62.
In current information, Axie Infinity has been enabling unemployed avid gamers to monetarily profit from buying and selling in cryptocurrency.
