Litecoin, Monero and Ripple Price Analysis

LTC/USD Daily Chart Technical Analysis

ltc-analysis

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LTC/USD trends lower headed for support.

Analysis

LTC prices are moving lower heading for support near an upward sloping trend line at 129. A break of this level would lead to a test of the April lows at 125.  Resistance is seen near the 250-day moving average at 144. Momentum is negative as the MACD (moving average convergence divergence) histogram prints in the red with a downward sloping trajectory which points to a lower exchange rate. Prices are oversold as the fast stochastic generated a crossover sell signal in oversold territory. The current reading of 5, is well below the oversold trigger level of 20 and could foreshadow a correction.

Up-side Target:       144

Down-side Target:  125

XMR/USD Daily Chart Technical Analysis

xmr-analysis

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XMR is moving lower and headed for support levels as momentum remains negative.

XMR/USD moved lower on Wednesday and is headed for support near a horizontal trend line that coincides with the April lows at 160. Resistance is seen near the 50-day moving average at 215. Momentum is negative as the MACD (moving average convergence divergence) histogram prints in the red with a downward sloping trajectory which points to a lower exchange rate. The fast stochastic generated a crossover sell signal and is now oversold.

Up-side Target:       215
Down-side Target:  160

XRP/USD Daily Chart Technical Analysis

xrp-analysis

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XRP is grinding lower after breaking through support.

XRP/USD is trading lower after breaking through support which is now seen as resistance near an upward slowing trend line near 0.67. Target support is now seen near a horizontal trend line that coincides with the April lows at 0.45. Momentum is negative as the MACD histogram is printing in the red with a downward sloping trajectory which points to a lower exchange rate. The fast stochastic generated a crossover sell signal and is printing a reading of 11, is well below the oversold trigger level of 20 which could foreshadow a correction.

Up-side Target:       0.67

Down-side Target: 0.45

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