Litecoin confirmed bearish momentum and was headed towards $180 over the subsequent few hours. FTX Token was consolidating beneath the $40 mark, and Compound continued to maneuver in a gentle downtrend.
On the 4-hour chart, the 20 and 50-period EMA (white and yellow respectively) fashioned a bearish crossover, signaling bearish momentum, and the worth dropped beneath the $195 mark. The $195, $180, $169 ranges are of significance over the subsequent few days, within the state of affairs that LTC continues to drop beneath the $195 mark.
The $195 mark has been examined as help a number of occasions in current days, and breaking beneath will probably be an indication of bearish power, and a transfer to $180 seemed doubtless. The MACD fashioned a bearish crossover, and decrease time frames additionally confirmed rising bearish momentum.
FTX Token [FTT]
Within the long-term, FTT has a bullish basis. FTX alternate is nicely regarded by merchants and is rising steadily in userbase, and the expansion of FTT over the previous few months will doubtless usher in additional patrons, particularly if Bitcoin additionally rises previous $60,000.
In a shorter-term outlook, FTT was consolidating $37 to $41, with some help on the $39.4 mark as nicely. The regular demand behind FTT is captured by the OBV displaying an uptrend. The RSI oscillated in regards to the impartial 50 worth, displaying no actual momentum towards both path.
The $471, $449, and $413 are ranges of significance for COMP, and over the previous two weeks, these ranges have been ceded to the bears. The Superior Oscillator crossed over beneath the zero line and continued to register pink bars on the histogram.
The Chaikin Cash Movement rose above -0.05 on the latest buying and selling session, however the pattern has been in favor of the bears in current weeks. This may doubtless see COMP descend to $387, the 38.2% retracement stage after COMP’s surge to $573.
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