Crypto GuestPosts

After a rejection of $110, the price of Litecoin has fallen above its moving average. CryptoGuestPosts.com provides a price analysis.

Bullish long-term outlook for Litecoin's price

The cryptocurrency shows a pattern with higher highs, and higher lows. Positively, altcoins will resume their uptrend once they pull back above the moving-average lines. The LTC will continue to rise and test the resistance level of $110

If the altcoin breaks above the $110 barrier, it will reach a new high of $144. If the price falls beneath the 21-day SMA Litecoin returns to its previous low $77. Litecoin currently trades at 97.76 US dollars.

Analysis of Litecoin indicators

The LTC price has risen above the moving average line after the recent drop. This shows that the cryptocurrency's upward trend is continuing. The price bars are still below the moving-average lines on the 4-hour graph, which indicates the current trend.

Technical indicators

Resistance Levels: $100, $120 and $140

Support levels: $60, $40, $20

What is next for Litecoin?

Litecoin's price is declining above its moving-average lines. As the price continues to rise, it is retracing above the moving-average lines. Doji candlesticks appear on the 4-hour chart and slow down the price movement. The extended candletails indicate that strong buying is occurring above the current support.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should conduct their own research.

Quant (QNT), an altcoin, is currently trading above the moving average line as it attempts to recover from a downtrend.

Quant price long-term forecast: bullish

Coinidol.com's price analysis shows that buyers have attempted to keep the price of altcoins above $150 on four occasions since December 26th, 2023. On March 25, 2020, the altcoin hit a high price of $150.

QNT is now above the SMA 21-days or the $131 low. The altcoin's uptrend will continue as long as it maintains the 21-day SMA. QNT's price will drop if it drops below the SMA. The altcoin is expected to fall over the 50-day SMA, and ultimately reach its previous low of $106.11.

Quantitative price indicators

QNT price bars remain above the SMA of 21 days despite the recent dip. If the support of the 21-day SMA holds, then QNT will continue to rise. The altcoin's candlesticks have been extended. A long candlestick wick indicates that there is significant selling pressure at higher prices. Once it breaks above $150, the altcoin's uptrend will resume.

Technical indicators

Important Supply Zones: $140 $150 $160

Important demand zones: $90, $80, $70

What's the next step for Quant?

QNT is trading sideways on the 4-hour chart since March 5, 2024. The price of cryptocurrency fluctuates between $112 to $145. Buyers' inability break through the $150 resistance barrier has resulted in the current range. The current range will not change if buyers are unable to break through resistance at $150.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should conduct their own research.

Polygon (MATIC), a trading system between moving average lines, uses the MATIC trades.

Polygon's price forecast: Bearish

Polygon's prices quickly remained the same after they fell below moving average lines in March. The cryptocurrency dropped from a previous high of $1.2 to a minimum of $0.91. Bulls have bought dips but price action is paused at $1.10.

It is currently trading below the 21-day SMA but above the 50-day SMA. If it continues to trend above the moving-averages, then the altcoin is likely to continue. Polygon was trading at $1.03 when this article was written.

If the price of cryptocurrency is above the SMA 21-day or $1.10 level, the positive trend will continue. MATIC will reach its previous high of $1.28. If the bulls do not break above the SMA 21-day, the current range of $0.91 to $1.1 will continue.

Analysis of the Polygon Indicator

The price bars for the cryptocurrency are located between the moving-average lines. The price tends to fluctuate around the moving average line. Doji candlesticks can slow down price movements. Moving average lines are inclined to move up, showing the previous trend.

Technical indicators

Resistance levels: $1.20 $1.30 $1.40

Support levels: $0.60, $0.40, $0.30

What's Next for Polygon?

Polygon has recovered from its prior decline. Resistance at $1.30 previously stopped the uptrend. Polygon's price has now retraced to a range between $0.91 and $1.10. If the cryptocurrency price breaks through this barrier, the altcoin is likely to perform well.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as a endorsement by CryptoGuestPosts.com. Before investing in funds, readers should conduct their own research.