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After a hint of price stabilization along its key support levels on the price charts, all three alts – Litecoin, Zcash, and BitTorrent, at the time of writing, were once again starting to see significant gains.
Litecoin [LTC]
Source: LTC / USD on TradingView
Litecoin prices have seen strong buying momentum as it has rallied above its trend line and two key support levels at $ 53.510 and then $ 55.022 over the past 24 hours.
The start of an uptrend was also visible as MACD the line rose above the signal line on the charts.
Furthermore, the Relative strength index he also highlighted the presence of buying pressure, with the RSI moving above the 60 level.
While there is a good chance that LTC can push higher, the cryptocurrency must first consolidate above the crucial $ 55.022 support level.
Zcash [ZEC]
Source: ZEC / USD on TradingView
At press time, the Chaikin money flow it hovered comfortably above zero level. This trend suggested that Zcash maintained strong purchasing liquidity as the level of capital inflows exceeded the level of capital outflows.
Additionally, the recent bounce above the immediate support level at $ 56.604 also suggested the presence of short-term bullish sentiment in the ZEC market.
However, the dotted lines of the Parabolic SAR above the price, the candles suggested an alternative scenario, in which a downtrend was likely to occur.
In case the bullish view is true, a price rebound could be seen after a retest at the support level of $ 56.604.
BitTorrent [BTT]
Source: BTT / USD on TradingView
BitTorrent’s price increased nearly 4% in 24 hours, with digital asset trading at $ 0.0003011, at press time.
The Fantastic oscillator for the digital asset it gave a strong buy signal as the AO made a bullish crossover rising above the zero line. The price was also seen moving above its 20 and 9 periodsimplement moving averages.
With prices seen above the 9 SMA (cyan) which in turn was above the 20 SMA (yellow) the short-term BTT market experienced an increase in buying pressure.
