Litecoin, Monero and Ripple Price Analysis
LTC/USD Daily Chart Technical 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
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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
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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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Disclaimer. This content is for informational and educational purposes only. It does not constitute financial advice, a recommendation, or an offer to buy or sell any security or digital asset. Past performance does not guarantee future results. Cryptocurrency investments are subject to high market risk and volatility.