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Litecoin represented a bullish divergence on the charts and rebounded strongly from a Fibonacci retracement level. Cosmos also moved with significant trading volume above a resistance level and appeared to be heading higher. Finally, Decred hit a double low a few days ago and rose to test a $ 24 bidding region.
Litecoin [LTC]
Source: LTC / USD on TradingView
Litecoin envisioned a bullish divergence between the price and the momentum indicator (RSI) and has rebounded strongly from support at the 50% retracement level for LTC’s move from $ 45 to $ 94 over the past two months.
At the time of writing, the CSR noted a value of 59 and could drop slightly to retest the neutral line if LTC sees a drop to the cash pocket near $ 76.
The retracement levels of 61.8%, 50% and 38.2% acted remarkably as support and LTC was likely to resume the previous uptrend and reverse the resistance at $ 80 for support.
Cosmos [ATOM]
Source: ATOM / USD on TradingView
ATOM’s drop from $ 6.45 to a swing low at $ 5 was analyzed using the Fibonacci retracement tool to highlight some important support and resistance levels.
The Fantastic oscillator showed a bearish twin peaks bias a few days ago, which saw the price drop 3.5% to find support at $ 5.31.
Since then, ATOM has steadily risen above retracement levels, even breaking through the resistance at $ 5.45 in a trading session with above-average trading volume, giving legitimacy to the price increase.
ATOM could retest before moving towards $ 5.69, the 50% retracement level.
Decred [DCR]
Source: DCR / USDT on TradingView
Decred formed a double-bottomed model and broke above the neckline with an expected goal of $ 23.4. At the time of writing, the price was $ 23.8 and the coin still had bullish momentum, according to the MACD.
The trading volume has remained stable over the past few days. The $ 24.6 level saw the price decline a few days ago and the indecisive candle that tested resistance could portend DCR will test the $ 22 region before another rally to the upside.
