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

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<p><strong>  Litecoin (LTC) </strong></p>
<p>  Like the rest of the market, Litecoin (LTC) started the week down sentiment, and could be directed to new lows below $ 50. This is quite visible in the weekly rankings where Litecoin is reaching new lows with every week to come. And it's already broken under two key support levels, the average 55-day mobile at $ 113 and the 100-day moving average at $ 71. The next target for this model could be the 200-day moving average support level at $ 36. <img data-attachment-id=

In the day, the Litecoin's price is moving in tandem with long-term charts.For example, in the graph at one hour, Litecoin has peaked lower since yesterday, which is a bearish signal.The first high was at $ 58, the second at $ 57 and last a few hours ago it 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.  XinFin 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 of the altcoins that are coming down even when bitcoins stabilize XinFin (XDCE) is developing a strong correlation with bitcoin, which means that if the bitcoin exceeds $ 6,400 and starts to rise towards $ 7,000, XinFin (XDCE) will increase faster, age-wise percentage. 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.  XDCE

Tron (TRX)

From the long-term charts, Tron (TRX) is clearly in bear territory, opened the bearish week at $ 0.021, and fell to $ 0.02 . As long as the overcoins continue to fall, the Tron value (TRX) may continue to decline. The good thing is that the drops are being reduced indicating that the bear's run could end. Over the course of the day, Tron (TRX) trades on the average 200 day mobile support level at $ 0.0205. If it breaks below this price, chances are good that it can test $ 0.0191 This is the key support level in the next 24 hours.  Tron

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