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Bitcoin’s price underwent a small correction after posting a new ATH a few days ago. Since then, some of the market’s most popular altcoins have had to endure a short period of price consolidation on the charts. Since early December, cryptocurrencies like Litecoin, Cosmos and Dogecoin have been stuck between their immediate resistance levels and support points.
Litecoin [LTC]
Source: LTC / USD, TradingView
Litecoin, at the time of writing, was trading at $ 89.3 with a market capitalization of $ 5.8 billion. Over the past 24 hours, the coin’s price has fallen by more than 2.5%, having noted a trading volume of $ 7.3 billion. Since December 1, Litecoin’s price has been stuck between its immediate support at $ 85 and its key $ 90 resistance level. However, should the coin fall in valuation, it can also count on support at $ 80.
The Bollinger bands for LTC they continued to contract, indicating low levels of volatility. The MACD the indicator did not look very promising after suffering a bearish crossover.
Although Litecoin has remained somewhat dormant in terms of recent developments, Binance recently announced the launch of LTCUSD Quarterly 1225 and 0326 coin margin contracts on its platform.
Cosmos [ATOM]
Source: ATOM / USD, TradingView
Cosmos was No. 24 on CoinMarketCap’s list at press time, with a trading price of $ 5.4 and a market cap of $ 1.1 billion. Similarly to LTC, Cosmos’s price has also not changed significantly in the past couple of days. For Cosmos, there were two resistance strengths at $ 5.6 and $ 6.1. Should the coin take a slight dip, the support at $ 5.2 could come in handy.
The EMA tapes, after settling below the trading price of the press time, it offered support for the coin. The CSR indicator, after spending some time in the neutral zone, was heading towards the overbought zone.
Dogecoin [DOGE]
Source: DOGE / USD, TradingView
For the cryptocurrency market’s favorite meme coin, Dogecoin’s price action wasn’t much different. It was trading at $ 0.0033 with a market cap of $ 448 million. Dogecoin was expected to face strong resistance at $ 0.0037 and had two support points at $ 0.0031 and $ 0.0028.
The MACD the indicator also experienced a bearish crossover with the signal line breaking out of the MACD line. however, the CSR the indicator continued to remain in the neutral zone, but could soon move towards the overbought zone.
