Price analysis IOTA (MIOTA), Litecoin (LTC) and Ethereum (ETH) – December 20

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IOTA, Litecoin, Ethereum

IOTA (MIOTA)

In the last 72 hours, IOTA (MIOTA) has seen a massive increase in prices. During this time, he pushed a minimum of $ 0.227 to a maximum of $ 0.316. However, in the last 3 hours, it has been retraced, and it has reached the 21-day MA support at $ 0.296, even though it is still above it. This is an indicator of the fact that the bulls still have control of the market. To go long on IOTA (MIOTA), it would be better to wait a break above the maximum of the day of $ 0.316. This would confirm that the bullish sentiment is prevalent. A long position at this level would have a possible exit point at $ 0.35. This is a key resistance level for IOTA (MIOTA) on the MA of 6 days in 200 hours.

However, in the scenario where IOTA (MIOTA) fails to keep above the 21-day MA at $ 0.296, it would be a trigger factor to go short with a target of $ 0.270. This is a key support level for IOTA (MIOTA) on the 55-day MA and a possible exit point from a short-term sales position. A break below could see IOTA (MIOTA) possibly testing $ 0.252. This is the next level of key support for IOTA (MIOTA) on the 100-day MTA and a possible short-term reversal point.

Litecoin (LTC)

Like all other criptos, Litecoin has been relatively bullish in the last 72 hours. In this period, Litecoin has grown from $ 25.84 to a maximum of $ 33.02. However, over the past 14 hours, Litecoin has formed a double high at $ 32.09, an indicator that could be directed towards a bearish reversal. To go short on Litecoin (LTC), it would be better to wait for a break below $ 30, which is a level of psychological support at this point. A break below $ 30 could see Litecoin (LTC) drop to $ 27.87. This is a key support level for Litecoin (LTC) on the 100-day MA.

However, in the scenario where Litecoin (LTC) pushes above the high of the day by $ 33.02, it would be an indicator that the bulls still have control. This would be a signal to go long with a goal of $ 37.71. This is the next key resistance for Litecoin (LTC) on the 6-day 6-hour MA.

Ethereum (ETH)

In the last 72 hours, Ethereum (ETH) pushed a minimum of $ 86.02 to a maximum of $ 110.89. However, in the last 4 hours, Ethereum (ETH) has dropped to around $ 104.02. To trade on Ethereum (ETH), it would be better to wait for a break below $ 103.52 or above $ 110.89. If it pushes the maximum of the day by $ 110.89, it would make sense to go long with a goal of $ 119.84. This is a maximum of 5 days and a possible exit point from a short-term long position.

On the other hand, if Ethereum (ETH) falls below $ 103.52, it would be an indicator of bear power. This would be an indicator to go short with a goal of $ 94.45. This is a key level of support for Ethereum (ETH) and a possible reversal point in the day. A break below this level could see its price fall to $ 90. This is a key support level for Ethereum (ETH) on the 200 day MA.

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