LTC/USD Daily Chart Technical Analysis
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LTC/USD rebounds to resistance as momentum turns positive.
Analysis
LTC prices are moving higher on Wednesday rebounding after breaking through support levels. Resistance is seen near and downward sloping trend line near 124. Support is seen near the February lows at 121.33. Momentum has turned positive as the fast stochastic generated a crossover buy signal in oversold territory. The MACD (moving average convergence divergence) is poised to generated a crossover buy signal which points to higher prices.
Up-side Target: 124
Down-side Target: 121.33
XMR/USD Daily Chart Technical Analysis
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XMR/USD rebounded slightly but the trend is downward sloping.
XMR/USD is rebounding and is poised to test resistance near the 10-day moving average at 167. Support is seen near the February lows at 147. Prices dropped through trend line support which coincides with the 10-day moving average. Momentum is turning positive as the fast stochastic generated a crossover buy signal in oversold territory. The current reading on the fast stochastic is 10.5, well below the oversold trigger level of 20, which could foreshadow a correction.
Up-side Target: 167
Down-side Target: 147
XRP/USD Daily Chart Technical Analysis
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XRP is trading sideways, hovering near the 10-day moving average
XRP/USD is trading sideways hovering just below the 10-day moving average which his seen as resistance at 0.6149. Support is seen near the April lows at 0.4588. Momentum has turned positive as the MACD (moving average convergence divergence index generated a crossover buy signal. The fast stochastic generated a crossover buy signal which reflects accelerating positive momentum.
Up-side Target: 0.6149
Down-side Target: 0.4588
