Litecoin attempted to reclaim the level above $197.18 and could surge towards its $207.4-resistance in a bullish outcome. Augur gave mixed signals as the price closed in on the upper ceiling at $44.37 while Verge cooled-off from its local high and moved towards the $0.037-support.
A look at the 4-hour charts for Litecoin showed a recovery in progress after the price rose north from a strong support line at $170.3. At the time of writing, the price was attempting to flip yet another resistance line at $197.18, and successfully doing so would likely push LTC towards $207.4.
The RSI pointed north from over 60 and underlined bullish strength in the market. Conversely, the Awesome Oscillator registered two red bars and noted a switch of momentum to the bearish side, lending some uncertainty to a favorable scenario.
While Augur showed clear bullish movement over the last 24-hours, the appearance of a bearish spinning top on the 4-hour timeframe hinted at exhaustion. The RSI flattened in the overbought region as the price approached the $44.37-resistance. A reversal in the same could see REP move closer to its immediate support at $39.9.
To counter a bearish argument, the MACD line continued to move above the Signal line and the half-mark. Trading volumes jumped by 100% at the time of writing and clocked in at $114.9 million.
A drop of nearly 5% in the last 24-hours saw Verge retrace from its local high after a bullish rally over the last five days. The Parabolic SAR registered a single dotted mark under the price candles, but one that signaled a shift of trend for the cryptocurrency. The Stochastic RSI also hinted at a pullback after it reversed its trajectory from the overbought zone.
A dip below the $0.037-level could lead to additional losses towards the next line of defense at $0.03. If the losses are sustained at the press time support, expect XVG to resume its uptrend over the next few sessions.
Sign Up For Our Newsletter