The price outlook for LTC, XLM, and UNI heading into the weekend recommends bears are still in control.
As of composing, the marketplace is mainly in red, with just Stellar (XLM) +4.22% and Binance Coin (BNB) +2.66% trending green amongst the leading 20 cryptocurrencies by market cap. Most of the other possessions are losing 1.5%-7% over the previous 24 hr, and almost in double-digits for all over the previous week.
Here’s how the technical photo searches for LTC, XLM, and UNI heading into the weekend.
Litecoin has actually dropped listed below $125, extending the decrease after bulls stopped working to hold the $130 assistance zone. The bearish flip followed a breakdown listed below a vital trendline with assistance near $139.
The MACD and RSI technical indications remain in the bearish zones.
As seen on the 4-hour chart, LTC/USD has actually moved far from the 100-day easy moving average, recommending the set might see fresh sell-off pressure. If that occurs, LTC price might look for assistance at $115-$105 in the near term.
Key levels to view for that reason are the 50% Fib and 23.6% Fib retracement levels as highlighted in the chart.
Stellar price is up 4.22% in the previous 24 hr to trade around $0.24 versus the United States dollar. The upside to the present price levels is nevertheless dealing with short-term pressure as a breakout from a coming down channel has actually faded over the last 2 sessions.
The MACD and RSI nevertheless recommend bulls have the upper hand, with the latter above the 50-mark level. The MACD line is trending bullish above the signal line. If bulls keep costs above $0.24, the next difficulty would be the 100 SMA ($0.25) and more gains might happen towards a crucial resistance line near $0.269 and after that $0.288.
On the disadvantage, the crucial levels to view are at the horizontal line at $0.235 and $0.21.
Uniswap (UNI) price has actually broken listed below the 50-day moving average ($21.30) and the 20-day EMA ($19.25). The technical photo for UNI/USD recommends that the course downwards is most likely, with the SMA and EMA curves sloping.
The RSI on the 4-hour chart is trending towards the oversold area, with the bears most likely to keep a stranglehold in the near term if the unfavorable divergence continues.
On the advantage, bulls deal with barriers at $20.22 and $25.18. However, if costs break listed below $15.50, it might validate a coming down triangle pattern development. In case this occurs, UNI/USD might begin a fresh decrease and retest costs around $13.22 and $9.50