Litecoin worth reaches main goal, LTC enters a interval of turbulence
Litecoin price had been paralyzed by the 2019 excessive at $146.00 and the 50-week SMA from the top of June till this week as LTC lastly broke away from the resistance with the perfect weekly efficiency because the starting of Might. The transfer’s power propelled the cryptocurrency close to the double backside measured transfer worth goal of $191.00 and the 200-day SMA at $192.72.
Ethereum Basic Value Prediction: ETC uncovered to a 15% droop earlier than resuming rally
Ethereum Basic worth ignored the bearish momentum divergence on the intra-day timeframes this weekend. It erupted with an 11.72% acquire on Sunday, discarding the resistance of the June 30 excessive of $62.45 and putting in ETC inside putting distance of the 38.2% Fibonacci retracement at $80.75. Nonetheless, the cryptocurrency heavyweights, ETH and BTC, are exhibiting bearish momentum divergences.
MATIC worth joins the frenzy for altcoins, however Polygon flashes a brand new warning sign
MATIC worth has struck appreciable resistance round $1.50 after a pair of explosive periods on August 11 and August 13, culminating in the perfect weekly efficiency since Might. The Polygon outlook stays constructive, however the look of a bearish momentum divergence on a number of timeframes suggests {that a} take a look at of the 50% retracement degree at $1.75 could have to attend.
