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Bitcoin reached $ 14,049 in the past 24 hours and was trading at $ 13,807 at press time. Holding Bitcoin above $ 13,700 could inspire confidence and possibly even FOMO among investors in the coming days, especially if the coin strongly exceeds $ 14,000. This bullish sentiment has not spread to most other large-cap cryptocurrencies. Litecoin, Cosmos and Dash have been working hard under selling pressure over the past few days and could be set to post further losses.
Litecoin [LTC]
Source: LTC / USD on TradingView
Litecoin was trading below both the 50 SMA (yellow) and the 100 SMA (pink). However, the 50-period moving average has remained above the 100-period moving average, due to the recent massive rally in LTC from $ 46 to $ 59.
The OBV showed that, in the last few days, the volume of purchases has increased as the price struggled to rise.
If LTC closes a trading session above the 100 SMA near $ 54.4, it could rise as high as $ 56.5. These bullish levels deserve attention, while the support at $ 50.3 is also crucial.
Cosmos [ATOM]
Source: ATOM / USD on TradingView
Using the Fibonacci retracement tool for ATOM’s move from $ 3.8 to $ 6.26, some important retracement levels (white) were highlighted. At the time of writing, the ATOM bulls were struggling to maintain the 78.6% retracement level at $ 4.32 as ATOM has slid below.
However, there has been a bullish (orange) divergence as the price has formed lower lows while the momentum indicator (RSI) has formed higher lows. This could signal an ATOM rebound, with the next bullish interest zone being the region between $ 4.74 and $ 4.8.
The prevailing altcoin bearish sentiment may still prevail and suppress ATOM on a rebound attempt and even force a drop from $ 3.8 to $ 4 in the coming days.
Dash [DASH]
Source: DASH / UDST on TradingView
The moving averages showed how strong recent losses have been for DASH. The 20 SMA (white) was unable to keep up with the pace of DASH losses, while the 50 SMA (yellow) went below 100 SMA (pink).
After losing the support level at $ 65, DASH could be headed for $ 60, a level above which it has been trading since the beginning of April.
