Litecoin, Ripple and Monero Price Analysis
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LTC/USD Daily Chart Technical Analysis
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Litecoin prices are consolidating but are forming a bull flag pattern which is a pause that refreshes higher.
Analysis
LTC/USD are consolidating after breaking out into a new range. Prices have been unable to pierce through target resistance near a downward sloping trend line that coincides with the 200-day moving average at 157. Short-term resistance is seen near the 10-day moving average at 150.77. Support is seen near the April 25 lows at 138.8. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal. The MACD is showing that positive momentum is decelerating, as the MACD histogram is printing in the black with a declining trajectory which points to consolidation.
Up-side Target: 150.77 and 157
Down-side Target: 138.8
XRP/USD Daily Chart Technical Analysis
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Ripple prices have been moving sideways forming a bull flag pattern, which is a pause that refreshes higher.
XRP/USD moved sideways forming a bull flag pattern which is a pause that refreshes higher. Support is seen near the 200-day moving average at 0.783. Resistance is seen near the 10-day moving average at 0.85. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal. The MACD has also generated a crossover sell signal, as momentum is turning negative.
Up-side Target: 0.8500
Down-side Target: 0.7830
XMR/USD Daily Chart Technical Analysis
Forecast
XMR prices are moving lower and consolidating, as momentum turns lower.
XMR/USD are consolidating and moving lower and testing support near the 200-day moving average at 236. Resistance is seen near the 10-day moving average at 261. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. Short-term momentum has also turned negative as the short-term stochastic generated a crossover sell signal.
Up-side Target: 261
Down-side Target: 236 and then 160
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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.