[ad_1]
Bitcoin, the largest cryptocurrency in the world, fell from $ 13,750 to $ 13,440 on the charts, with BTC trading at $ 13,561 at press time. Litecoin, on the other hand, was trading within a range, while Polkadot was in an accumulation phase. The FTX token has experienced some volatility in the past few days and has noticed some losses, with cryptocurrency trading sideways below a resistance level.
Litecoin [LTC]
Source: LTC / USD on TradingView
Litecoin rose to $ 60 but was declined in subsequent trading sessions despite not being able to hold the $ 58 level. Over the past few days, the price has dropped to the downside and LTC has been trading in a range of $ 56. , 5 and $ 53.
This (yellow) rectangle could see a break in both directions in the coming days. A close out of the pattern accompanied by significant trading volume would confirm a breakout.
The CSR has fluctuated around the neutral zone over the past few days, indicating a lack of notable momentum for the crypto-asset in either direction.
Litecoin was forming a symmetrical triangle over a longer time frame and could see a bullish breakout. In the short term, however, lateral movement could be the way to the asset.
A pois [DOT]
Source: DOT / USDT on TradingView
Polkadot was trading just above the 61.8% retracement level, as evidenced by the Fibonacci retracement tool on DOT’s move up from $ 3.6 to $ 4.95.
The DOT fell as low as $ 3.9 where a support level was and bounced up to reclaim the $ 4.18 level.
The Bollinger bandsThe breadth of the charts was retreating, a sign of declining volatility too. The Fantastic oscillator it also saw bearish momentum diminish.
In conclusion, a period of consolidation was likely in store for DOT between the $ 4.11 and $ 4.27 price range in the coming days.
FTX Token [FTT]
Source: FTT / USD on TradingView
The FTX token has experienced significant volatility over the past week, but appears to have stabilized for a few quiet hours just below the resistance at $ 3.66.
The MACD was on the verge of forming a bullish crossover. This would give a weak buy signal as it was forming below zero. The shift in momentum could see the FTT move north, well above the impending resistance level.
Furthermore, the CMF it also showed that capital flows were reaching equilibrium after capital exited the market in recent days. Taken together, they signaled the end of short-term selling pressure.
In related news, the FTX exchange recently announced that the tokenized shares would soon go public.
[ad_2]Source link
