Worth Evaluation: Litecoin, Stellar, Uniswap
The worth outlook for LTC, XLM, and UNI heading into the weekend suggests bears are nonetheless in management.
As of writing, the market is essentially in purple, with solely Stellar (XLM) +4.22% and Binance Coin (BNB) +2.66% trending inexperienced among the many high 20 cryptocurrencies by market cap. A lot of the different property are shedding 1.5%-7% over the previous 24 hours, and practically in double-digits for all around the previous week.
Right here’s how the technical image appears for LTC, XLM, and UNI heading into the weekend.
Litecoin has dropped beneath $125, extending the decline after bulls failed to carry the $130 assist zone. The bearish flip adopted a breakdown beneath a crucial trendline with assist close to $139.
The MACD and RSI technical indicators are within the bearish zones.
As seen on the 4-hour chart, LTC/USD has moved away from the 100-day easy transferring common, suggesting the pair might see recent sell-off strain. If that occurs, LTC worth might search assist at $115-$105 within the close to time period.
Key ranges to look at subsequently are the 50% Fib and 23.6% Fib retracement ranges as highlighted within the chart.
Stellar worth is up 4.22% up to now 24 hours to commerce round $0.24 towards the US greenback. The upside to the present worth ranges is nevertheless dealing with short-term strain as a breakout from a descending channel has light during the last two periods.
The MACD and RSI nevertheless recommend bulls have the higher hand, with the latter above the 50-mark degree. The MACD line is trending bullish above the sign line. If bulls maintain costs above $0.24, the subsequent hurdle can be the 100 SMA ($0.25) and additional positive factors might happen in direction of a key resistance line close to $0.269 after which $0.288.
On the draw back, the important thing ranges to look at are on the horizontal line at $0.235 and $0.21.
Uniswap (UNI) worth has damaged beneath the 50-day transferring common ($21.30) and the 20-day EMA ($19.25). The technical image for UNI/USD means that the trail downwards is extra doubtless, with the SMA and EMA curves sloping.
The RSI on the 4-hour chart is trending in direction of the oversold territory, with the bears prone to retain a stranglehold within the close to time period if the detrimental divergence continues.
On the upside, bulls face boundaries at $20.22 and $25.18. Nonetheless, if costs break beneath $15.50, it might verify a descending triangle sample formation. In case this occurs, UNI/USD might begin a recent decline and retest costs round $13.22 and $9.50