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Crypto Fear and Greed Index showed a value of 70 as Bitcoin saw bullishness prevail in both rankings and social media posts. Litecoin broke out of the overhead resistance at $ 58.6 but showed a bearish divergence that could see the asset decline slightly. Tron has been trading inside a range and has not yet shown signs of breaking as Dogecoin was forming higher lows, but the long-term trend may force the price lower.
Litecoin [LTC]
Source: LTC / USD on TradingView
Litecoin broke through the important resistance region at $ 50 and even breached $ 58.6 in the past few days. However, a bearish divergence was observed
The price made slightly higher highs while the RSI made lower highs, indicating that LTC may be due for a correction.
LTC could be forced below the recently reversed level to find support at $ 56. A close below $ 56 would be bearish, while a $ 58 defense by the bulls would indicate further gains in the next week or two.
Tron [TRX]
Source: TRX / USDT on TradingView
TRX moved weakly above a long-term descending trend line and was trading within a rectangular (yellow) pattern. It is technically a rectangle at the top and generally sees an upside breakthrough.
The trading volume was not as high as in early October. The Bollinger Bandwidth also showed reduced volatility, although the lowest this month was on the 19th, when trading volume was also consistently at its level.
A breakout in both directions will be confirmed by high trading volume and increased volatility, indicated by the widening of the Bollinger bands.
Dogecoin [DOGE]
Source: DOGE / USDT on TradingView
Dogecoin was forming higher lows in the last few days (white). It recently rose to $ 0.002856, the next resistance level, but was rejected just as quickly.
Although the price did not break below the rising trend line, the MACD showed a sell signal. The gap between the MACD line and the signal line over the past two days has also shown strong bearish momentum.
A support near the trend line could take DOGE to $ 0.00257.
