The king coin is priced at $10046 as of this moment. A low was attained near the $9500 mark, and since then the price has managed to jump up. The daily RSI [for 10 periods] stands at 36.92 for now, and the line is running parallel to the level at 30. The MACD line has sunk below the signal line, while for the last two days the histogram below the zero line has been red.
However, the Ichimoku Cloud is yet to change its colour [currently its green], which indicates that bulls haven’t given up yet. Support was formed close to the $9530 mark, while resistance may be felt near the $11466 level. On the 4-hour chart, a change in trend is observed, but the peaks for the Awesome Oscillator are presently brown and below the zero line.
The coin will most probably recover and head to the upper limit beyond $11,000 by tomorrow. A similar situation can be seen for Monero as well. The present candle is green, signifying bullish pressure being present even though the MACD line is well below the signal line.
Support for XMR was formed near the $74.10 level, while resistance will be felt close to the $91.81 mark. Although, the 4-hourly RSI [for 10 periods] is at 19.15, it seems to be headed in an upward direction. The Ichimoku Cloud [for the day] is red and this trend will continue if the price doesn’t have proper pace soon.
For ADA, the cloud [even in case of the 4-hourly chart] is red. Bears are dominating the market, as the RSI [for 4-hours] is at 29.80 but may climb after a while. The current candle is bullish, though the next one will look different if the altcoin fails to recover. The MACD line is also beneath the signal line, indicating selling pressure persistent for now.
The 4-hourly RSI is on a path to recover and will surge beyond the mark at 30 soon enough. This will make LTC exit oversold territory. Support was established close to the $71.24 mark, but it’ll be hard for Litecoin to break the barrier and head beyond $86.447. Fresh buyers are deeply needed for the aforementioned coins, or else further losses would bring them down.
Charts consulted on tradingview-
- BTC/USD- Bitfinex
- XMR/USD- Bitfinex
- ADA/USD- Kraken
- LTC/USD- Bitfinex