Tuesday, March 2, 2021
CryptoExBulletin
No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Videos
CRYPTOXBULLETIN
No Result
View All Result
Home Litecoin

Litecoin, IOTA, Synthetix Price Analysis: 9 December

by CryptoExBulletin
in Litecoin
0
Litecoin, IOTA, Synthetix Price Analysis: 9 December
9
SHARES
233
VIEWS
Share on FacebookShare on Twitter


The bearish market sentiment was mirrored by Litecoin and IOTA as they dropped strongly beneath help over the previous 24 hours. Synthetix has not seen a lot shopping for quantity over the previous few weeks and will see a deeper correction.

Litecoin [LTC]

Litecoin, IOTA, Synthetix Price Analysis: 09 December

Supply: LTC/USD on TradingView

LTC noticed the $80 help lose its footing decisively over the previous 24 hours and bears pushed the value as little as $72.15 earlier than bulls may mount a small counter-attack.

The area within the neighborhood of $73.8 has been a liquidity pocket in current weeks, and LTC may impact a bounce upward off this zone.

RSI dipped into the oversold area and confirmed a worth of 29, and will fall decrease alongside LTC. This doesn’t imply a bounce is imminent or mandatory for LTC, however there’s a risk for a bounce.

Momentum stays strongly in favor of the bulls.

IOTA

Litecoin, IOTA, Synthetix Price Analysis: 09 December

supply: IOTA/USD on TradingView

IOTA closed beneath the rectangle sample, and retested the decrease boundary as resistance, and proceeded to descend steadily towards help at $0.288 stage of help over the previous few buying and selling classes.

The width of the rectangle is the anticipated goal for a breakout in both path and this measurement suits very nicely with the current losses IOTA suffered.

Stochastic RSI was oversold and, with IOTA at a stage of help, a bounce might be anticipated. The zone at $0.3 could possibly be a great entry for a brief place.

Synthetix [SNX]

Litecoin, IOTA, Synthetix Price Analysis: 09 December

Supply: SNX/USDT on TradingView

50 SMA (yellow) and the horizontal stage of help at $5 have been in shut proximity for the previous couple of days for SNX. This confluence, alongside $5 as a psychological stage, implies that a drop beneath this stage may spell short-term ache for bulls.

Influenced by Bitcoin’s current transfer, SNX additionally fell beneath help at $5 and was buying and selling at $4.62 at press time, registering a close to 10% drop.

In current weeks, the value clung to help at $5 at the same time as OBV confirmed a scarcity of shopping for quantity. This highlighted that the current drop may witness a deeper correction for SNX.

The earlier drop beneath $5 noticed SNX dip as little as $3.4.



Source link

Tags: AnalysisDecemberIOTALitecoinPriceSynthetix

Recent News

Crypto.com Is Now Sponsor of Aston Martin Formula One Team

Crypto.com Is Now Sponsor of Aston Martin Formula One Team

Maximizing Yield: How the Pros Game the DeFi Industry

Maximizing Yield: How the Pros Game the DeFi Industry

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Ripple
  • Uncategorized
  • Videos

Follow Us

Contact Us

  • Contact Us
  • Privacy & Policy
  • Advertise With Us

© 2020 Crypto x Bulletin

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Videos

© 2020 Crypto x Bulletin