Will Altcoins Test Key Resistance Levels?

Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

After a short lull in the altcoin market, a declining race was observed during the beginning of the week. While the charts show a lull, there were some instances of growth by the end of the working week.


Below is key data for Litecoin (LTC), Tezos (XTZ), TRON (TRX), and Stellar (XLM):







Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Litecoin

LTC

$2,543,978,780

$39.95

$2,708,502,711

-0.46%

Tezos

XTZ

$1,084,793,430

$1.56

$52,104,097

0.76%

TRON

TRX

$891,457,188

$0.013369

$1,111,294,391

0.55%

Stellar

XLM

$942,203,340

$0.046981

$197,486,345

1.74%

LTC/USD 


Litecoin broke through the bottom line of the rising triangle. This led to its $36 level and a support cluster between $40– $42. Opportunities remain for of a new developing impulse to sell, the goals for which will be the $30 and $36 marks. At the same time however, the opportunity for a “digital silver” rebound in light of a divergence formation and the Moving Average Convergence/Divergence (MACD) oscillator is becoming relevant.


A break in the triangle’s upper boundary at…

Source Link