Crypto GuestPosts

On April 13, 2024, the price of Litecoin fell to 70 dollars. CryptoGuestPosts provides a price analysis.

Price of Litecoin in the long-term: Bearish

Bulls have stopped the decline by raising the support level to $73. After the end to the downtrend, Litecoin started a sideways movement above the $73 resistance but below the moving-average lines or resistance of $90.

On the upside Litecoin has stopped its uptrend at the moving-average lines. This indicates that the cryptocurrency could be bound to a range. Litecoin's price is currently in the middle of it range. The uptrend of Litecoin will start when it crosses above the moving-average lines. It will rise to its previous high price of $10 Litecoin, if the current support is lost, will also fall below its $70 previous low. It is currently valued at $85.

Analysis of the Litecoin indicators

The moving average lines on the 4-hour chart are horizontally sloping, which indicates a sideways movement. The price bars are dominated doji candles that are above the moving averages. This is why traders are ambivalent about the direction of the market.

Technical indicators

Resistance Levels: $100, $120 and $140

Support levels: $60, $40, $20

What is the next step for Litecoin?

Litecoin is continuing to trade in a range and has risen over the $73 level of support. The altcoin consolidates above the current support in the short-term with the appearance of doji candles. Altcoins are currently trapped between the moving average line and buyers who try to keep the price above the lines. If the cryptocurrency's recent high is rejected, then price will rise.

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. Before investing in funds, readers should conduct their own research.

Ripple's (XRP) price is trading below moving average lines. However, it is correcting up. CryptoGuestPosts provides a Ripple coin analysis.

XRP Long-term Analysis: Bearish

Bulls purchased the decline when it was at $0.41. The bulls stopped the decline at the $0.46 support level and resumed their uptrend. The price of cryptocurrency is nearing the 21-day SMA, or resistance level at $0.55. If buyers can break through the 21-day SMA barrier, the altcoin could rise to the 50-day SMA or $0.60 high. If buyers maintain the price above 50-day SMA the cryptocurrency will rise to its previous high $0.74.

If the bullish momentum does not overcome the resistance level at the moment, the price range will remain the same, which is $0.46, and the SMA 21-day. At the time of writing, XRP/USD was worth $0.53.

Analysis of XRP indicators

On the 4-hour chart, the XRP price bars are now above the moving-average lines as altcoins resume their uptrend. The moving average lines could reject the uptrend. The current price increase has caused a bullish cross-over between the moving averages. A bullish signal on the cryptocurrency allows traders to buy it.

Technical indicators

Key Resistance Levels - $0.80 & $1.00

Key Support Levels - $0.40 & $0.20

What is the future of XRP?

The altcoin trades sideways on the 4-hour chart and is consolidating above $0.46 in anticipation of an upward trend. The first resistance for the upward movement is $0.54. The cryptocurrency will begin a rise from $0.46 to $0.54, where it will be rejected at its previous high.

CryptoGuestPosts published a report on April 14th, when a bearish fatigue was reached after Ripple fell to a low $0.41 and recovered.

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.