Litecoin – January 25 – Latest News, Breaking News, Top News Headlines
The price of Bitcoin continues to consolidate around the $ 33,000 price point and in the last few days the same has been seen in the altcoin market as well. For popular altcoins like Litecoin, Crypto.com Coin, and Dogecoin, last week their price action was limited to a narrow range.
Source: LTC / USD, TradingView
Litecoin has seen a slight drop of over 1% over the past week. The coin is currently trading at $ 140 and appears to have lost much of its bullish momentum. According to Litecoin’s 1-day chart, over the past week the coin’s price has mostly traded between its immediate resistance at $ 159 and its support at $ 129. However, if the bulls were to gain the upper hand then LTC might also have to face the strong resistance around the $ 180 price range in order to fuel its ambitions for a new ATH.
Technical indicators like MACD indicator and RSI are currently bearish. The MACD indicator has undergone a bearish cross and a reversal does not appear imminent. The RSI is also moving away from the neutral zone and heading towards the oversold zone.
Crypto.com coin [CRO]
Source: CRO / USD, TradingView
Crypto.com Coin fell almost 10% last week. The coin is currently trading at around $ 0.072 with a market cap of over $ 1.6 billion. However, the coin has stabilized around the current trading price over the past few days and continues to move without much volatility. The coin has strong resistance around the $ 0.78 range and if the coin were to undergo another correction, it can count on the support at $ 0.066.
EMA ribbons have leveled off right next to price and are likely to offer resistance unless CRO flips it back into support in the coming hours. The RSI indicator looks bearish after entering the oversold zone.
Dogecoin [DOGE]
Source: DOGE / USD, TradingView
Dogecoin saw a lot of volatility in its price action earlier this year. However, last week that has changed dramatically. The coin is currently trading at $ 0.0089. It has a market capitalization of over $ 1.1 billion. Should the coin experience another uptrend. It should first break through the strong resistance at $ 0.0099. A correction would occur, the coin will be able to build on the support level at $ 0.0076.
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