Following broader market price trends of mostly just consolidation, coins such as Litecoin, Solana and Avalanche walked the same path. Litecoin moved in direction of its four-week low worth of $160.58. Solana fell by 1.7% and moved nearer to fast assist stage of $140.91. Finally, Avalanche’s rally took a pause and declined by 1.9% over the last 24 hours.
Litecoin (LTC)
Litecoin continued to consolidate with a lack of 1.7% during the last 24 hours. The coin was priced at $177.01. Its fast assist line stood at $160.58, a stage it had final touched four-weeks in the past.
On the four-hour chart, the price of LTC was seen below the 20-SMA line. This studying indicated that the worth momentum was with the sellers. The Relative Strength Index was also below the half-line. Chaikin Cash Move recorded much less capital inflows so was parked under its midline. MACD was bearish with red bars on its histogram.
If shopping for strain will increase, LTC might break consolidation on the upside. Its first resistance mark stood at $194.13 and then at $218.15. Crossing over which, LTC might revisit its multi-month excessive at $232.56.
Solana (SOL)
Solana was trading at $158.14 after registering a loss of 1.7% over the past day. Solana’s continued downtrend might push the coin right down to commerce close to $140.91. Additional support lines were rested at $107.79 and at $79.07.
Regardless of a loss recorded by SOL, key indicators had been nonetheless constructive. The Relative Strength Index flashed recovery as the indicator stood just on the 50-mark. MACD flashed inexperienced bas on its histogram. Parabolic SAR also displayed dotted lines below the price candlesticks which pointed towards an uptrend.
If the above bullish thesis is to carry true, then the alt might rise above and retest the $179.02 worth ceiling. The other resistance mark was at the coin’s multi-month high of $212.18.
Avalanche (AVAX)
Avalanche declined by 1.9% during the last 24 hours and was accessible at $71.33. Over the past few days, the coin has rallied substantially, however, currently the coins uptrend took a breather.
Contrastingly, on the four-hour chart, AVAX was pictured above the 20-SMA line. This suggested price momentum favored the buyers. The Relative Energy Index displayed shopping for energy out there because the indicator was above the half-line. The Awesome Oscillator depicted bearishness with red signal bars. MACD, after it underwent the bearish crossover flashed crimson bars on its histogram.
If buying pressure falls, the bearish thesis might hold true. It might drag AVAX right down to commerce close to the assist stage of $64.80 after which $55.40. Falling beneath the two levels mentioned above, it can fall near its one-week low of $48.26.
