Litecoin, Neo, SUSHI Price Analysis: 16 February

Litecoin moved inside a set channel at press time, with the crypto’s indicators trying sturdy sufficient to warrant a transfer above the $230-mark. Neo may invalidate its bearish twin peak setup if shopping for exercise picks up over the subsequent few buying and selling classes. Lastly, SUSHI was projected to rise to report ranges if the bulls maintain on to the $17-support stage.

Litecoin [LTC]

Supply: LTC/USD, TradingView

Litecoin stabilized across the midpoint of its quick help and resistance ranges, on the time of writing, after a minor correction passed off on the charts. The crypto’s worth climbed again above the 20-SMA, highlighting the sturdy uptrend over the previous week, one which noticed the cryptocurrency surge to a three-year excessive at $230. The Bollinger Bands registered some volatility in worth as the value targetted the higher ceiling as soon as extra.

The CMF confirmed that capital inflows into the LTC market have been wholesome, regardless of dipping barely over the previous few classes. The $207-support line could possibly be essential shifting ahead and if the bulls can maintain on to this stage, LTC may topple its most up-to-date native excessive.

Neo [NEO]

Supply: NEO/USD, TradingView

Neo’s market entered a part of indecision after the value picked up from the $40-support stage. Naturally, the indications have been combined between the shopping for and promoting facet, at press time. The RSI pointed north from the 60-mark and sided with the market’s bulls. Then again, the Superior Oscillator fashioned a bearish twin peak on the charts as momentum rested with the bears.

NEO may invalidate its bearish alerts, nevertheless, as shopping for exercise picked up over the previous few classes. A pointy rise in buying and selling volumes may see the value break above its higher ceiling at $46.13.

Sushiswap [SUSHI]

Supply: SUSHI/USD, TradingView

Sushiswap’s bulls held on to the $17-support stage after the value retraced by over 4% after yesterday’s ATH. The MACD line moved above the Sign line, however the histogram famous a drop in bullish momentum. The Stochastic RSI moved decrease from the overbought zone, however a bullish crossover may see the index commerce within the higher zone as soon as once more.

The main target could be on the $17-level within the short-term and a report hike may be anticipated if the bulls preserve SUSHI above the press time help stage.