Home / Litecoin / Stellar Technical Analysis (XLM), Ethereum Classic (ETC) and Litecoin (LTC) 15 – 16 September – Crypto Recorder

Stellar Technical Analysis (XLM), Ethereum Classic (ETC) and Litecoin (LTC) 15 – 16 September – Crypto Recorder

Stellar (XLM)

It is a low-volume day for Stellar, but it is still active in positive territory. For the last 12 hours, the 200-day moving average has been trading at $ 0.198, which is a significant level of support right now. This shows that even if the volumes are low, the sentiment of buying is still prevalent. For an investor who wants to buy in Stellar (XLM), it would be best to look at the 200 day moving average in 4 or 6 hours. If Stellar holds more than $ 0.198, a long entry at that level would be the most ideal with a goal of $ 0.214. This is the last peak that has hit in the last 48 hours, and what could offer a significant level of resistance during the day.

On the other hand, if Stellar (XLM) breaks below $ 0.198 and extends under the 24-hour low of $ 0.195, then it would be more prudent to go short, with a target of $ 0.184. This is the lowest point that has hit in the last 4 days, and what could offer a significant amount of support throughout the day. However, if the volumes do not increase and Stellar (XLM) does not exceed the 55-day moving average at $ 0.203, it is likely to be available at this level for the next 24 hours.

Ethereum Classic (ETC)

In the last 24 hours, Ethereum Classic (ETC) has recorded very low volumes and has traded in a narrow range between 100 days moving average support at $ 10.96 and the moving average at 200 days, which is now acting as resistance at $ 11.87. For a day trader observing Ethereum Classic (ETC), it would be better to wait for a break outside this range. If it breaks above it and after the 24-hour peak of $ 11.38, it would be prudent to go long, with a target of $ 12.12, an area that has ranged in the past.

However, if Ethereum Classic (ETC) breaks below the 100-day moving average at $ 10.96 and extends below the $ 10.88 day low, it would be better to go short with a $ 10 target. , 31. This is a key support level for Ethereum Classic (ETC) in the last 3 days.

Litecoin (LTC)

Litecoin (LTC) has been strongly bullish in the last 24 hours. It started at the 100 day moving average support level, exceeding the 200 day moving average resistance to test a maximum of $ 59.02. In the last 12 hours he has returned back to around $ 56.55, but the increase in purchase volumes keeps him firmly above this level.

For an investor who wants to trade Litecoin, it is best to wait until it breaks above the day's maximum of $ 59.02. A break above this price level could be a signal to go long with a goal of $ 69.41. This is the maximum that struck in the last week, one that would most likely offer a certain level of resistance. However, if Litecoin breaks below $ 55,98, it may be time to go short with a $ 54.17 goal. This is a key level of support on the 200-day moving average, which is likely to hold up throughout the day.

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