Litecoin (LTC), XinFin (XDCE) and Tron (TRX) August 22 – Bears still strong in the altcoins market

In the day, Litecoin's price moves in tandem with long-term graphs – for example, in the graph at one hour, Litecoin has peaked lower since yesterday, which is a bearish signal. , the second to $ 57 and the last to a few hours ago was at $ 56. Because with every minimum more low, the price checks new lows, there is a high chance that Litecoin can test a new low after the $ 56 high. This decline could see Litecoin (LTC) test $ 53 over the next 24 hours. If it breaks below this level, then it could test $ 47, which is the next level of short-term support. However, in cryptography, things move fast, so an inversion that goes contrary to graphs is always a possibility.

XinFin (XDCE)

Looking at the weekly charts, XinFin (XDCE) as the rest of the market was bearish XinFin fell by some percentage points from $ 0.00148 to $ 0.00140. However, it seems to have stabilized around $ 0.00141 in the last 3 days. This is in tandem with bitcoin price movements (BTC), which has stabilized at $ 6400 – $ 6300 over the same period. Basically, we can deduce that unlike most XinFin (XDCE) is developing a strong correlation with bitcoin, which means that if the bitcoin exceeds $ 6400 and starts to rise towards $ 7000, XinFin (XDCE) will rise faster , in percentage terms. During the day, the momentum around XinFin was largely positive, with a minor correction from $ 0.00141 to $ 0.00405. Also in this case it is more or less in correlation with bitcoin, which has also lost some points in the last hours. Following this correlation, there is a good chance that XinFin will earn some gains in the next 24 hours. This is because Bitcoin is now trading at a support level greater than $ 6400, and if it breaks above, it could easily test $ 6500 later in the day. It is the first resistance of the day.

Tron (TRX)

From the long-term charts, Tron (TRX) is clearly in bear territory. He opened the bearish week at $ 0.021, and fell to $ 0.02. As long as altcoin continues to fall, the value of Tron (TRX) may continue to decline. becoming smaller, an indicator that the bear's race could come to an end. During the day, Tron (TRX) exchanges the 200-day moving average support at $ 0.0205. If it breaks below this price, there is a good chance that it could test $ 0.0191. This is the key support level in the next 24 hours.