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After a long period of uncertainty, Litecoin and Polkadot values posted significant gains, with both halts reaping good buying moment on the charts.
Further down in the crypto-ladder, mixed signals also coincided with bearish divergence and low market volatility, in the case of Dogecoin.
Litecoin [LTC]
Source: LTC / USD on TradingView
Litecoin was seen trading just above its immediate support level at $ 55.73, further holding price levels above the (white) trend line for the past 48 hours.
Litecoin bulls had managed to push the price above the key pivot level of $ 56.44 at press time, a level coinciding with a peak seen in the Relative strength index. Overall RSI levels also continued to experience good buying pressure.
Furthermore, the Chaikin money flow it was giving a buy signal and was observed to be above zero, underlining the presence of higher capital inflows than outflows.
A pois [DOT]
Source: DOT / USD on TradingView
The green bars of the Fantastic oscillator above the zero line it made a bullish crossover, highlighting the short-term buying momentum for the DOT market.
While a buying sentiment was highlighted by the AO, a low level of volatility was also visible when observing the convergence Bollinger bands.
This meant lower price action probabilities in both directions due to lower volatility levels and could lead to price stabilization just above the trend line for the next trading sessions.
In this scenario, DOT prices could swing between the immediate resistance at $ 4.359 and the bottom of the trend line.
Dogecoin [DOGE]
Source: DOGE / USD on TradingView
Dogecoin has fallen more than 2% in the past 24 hours and at press time, it was further seen falling towards the $ 0.00258 support level.
This was further supported by strong sales pressure and rapidly changing sales levels volume, as can be seen at the bottom of the graph.
The DOGE market is expected to see further bearish price action as dot indicators of Parabolic SAR were seen above the candles.
A rise in bearish sentiment could also cause price levels to stabilize around the $ 0.00258 support level.
