CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2024-12-16 14:26:22

Litecoin & XRP Trades Within a Decessive Phase: Here’s When the XRP & LTC Prices May Breakout

The post Litecoin & XRP Trades Within a Decessive Phase: Here’s When the XRP & LTC Prices May Breakout appeared first on Coinpedia Fintech News After marking new highs, the Bitcoin price has begun to consolidate, suggesting a minimum participation of bulls. With this, the altcoins that were trying hard to keep up the bullish trend have scrambled back under bearish influence. In the meantime, the prices of the two popular and primitive altcoins, XRP & Litecoin (LTC), appear to have been sailing within a similar boat, forming similar chart patterns. Which will trigger a breakout first? XRP Price Analysis After rising by nearly 500%, the XRP price is believed to be one of the top gainers of the impact of the U.S. elections. Meanwhile, the bulls continue to exert extreme exhaustion since then and as a result, the price is maintaining a declining consolidation, forming constant lower highs and lows. However, the token in the short term displays huge bearish influence, but in reality it is preparing for a major shift in the momentum. The price is trading within a decisive symmetrical triangle in the short term, and despite a rejection from the resistance, a rebound appears to be imminent. The stochastic RSI has reached the lower oversold zone, which suggests a bullish crossover could be fast appsoching. With this, the price is expected to break above the triangle and secure the immediate resistance at $2.5. However, a continuous rise within the resistance zone around $2.6 may eliminate the bearish activity, pushing the price towards new yearly highs, probably above $3. Litecoin (LTC) Price Analysis On the other hand, the Litecoin price also trades within a decisive triangle, similar to XRP but carries the possibility of a 6% to 8% pullback. Although the price is failing to rise over the resistance of the triangle, the technicals suggest the lows for the current pullback have yet to be reached. As seen in the above chart, the stochastic RSI has triggered a bearish crossover but is yet to reach the lower support. Until then, the Litecoin price is believed to maintain a consistent descending trend within the triangle and reach the lower support close to $110 in the next few hours. However, a rebound could occur but the trend may remain consolidated within the pattern, while a breakout could require more strength and volume of the buyers.

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.