HomeCoinsCardano (ADA)Ethereum Classic, Litecoin, Monero price analysis: 26 August

Ethereum Classic, Litecoin, Monero price analysis: 26 August

- Advertisement -


Ethereum Classic has dropped sharply since rising above $7.5 almost two weeks ago. It signaled that a further decline in price could occur. Monero also failed repeatedly to hold on to support levels. Monero could lose 10% in value over the next few days if its immediate support fails. Litecoin had also been sliding in value, but it formed a bullish pattern. If Litecoin breaks out of this pattern, it can see moderate gains within the week.

Ethereum Classic [ETC]

Ethereum Classic, Litecoin, Monero Price Analysis: 26 August

Source: ETC/USD on TradingView

Ethereum Classic showed a depreciation since hitting a local high of $8.2. Support in the zone of $6.7 was flipped to resistance as ETC dipped beneath, to trade at $6.58 at press time. The resistance could be tested before ETC declines further. 50 EMA (yellow) had crossed beneath 100 EMA (pink) a few days back, showing bearishness.

The exponential moving averages, as well as the highlighted levels, can act as resistance for any ETC movement upward. At the time of writing, ETC looked likely to find support at $6. Trading volume has also been decreasing over the past few days, and any move upward or downward at $6 zone should be backed by high volume to confirm the movement direction.

Litecoin [LTC]

Ethereum Classic, Litecoin, Monero Price Analysis: 26 August

Source: LTC/USD on TradingView

Litecoin was ranked 7th on Coinmarketcap, with a capitalization of $3.7 billion. Litecoin was trading near $44 at the end of July, before a move catapulted it to $65. Litecoin retraced lower but moved past resistance, to $68. 6 before dropping in value.

At the time of writing, LTC traded near support at $56. It seemed to be forming a falling wedge pattern, which is a bullish pattern. If LTC tests $56 and breaks out of the wedge, expect it to break past $66 resistance zone and touch $70 in the coming days.

In the short-term, DMI signaled a strong bearish trend as ADX (yellow) was above 20, and -DMI (pink) was above +DMI (blue).  If support at $56 breaks, LTC can head downward to find support in the $49 zone.

Monero [XMR]

Ethereum Classic, Litecoin, Monero Price Analysis: 26 August

Source: XMR/USDT on TradingView

Monero is one of the most well-known privacy coins in the crypto space, ranked 17 with a marketcap of $1.56 billion. Some recent news of Monero was CEO of NuggetsNews Alex Saunders tweeting an image that could be an announcement of XMR being delisted on the Australian exchange CoinSpot.

XMR could not hold on to support at $90, and tested support at $86 and bounced to $88.5 at the time of writing.

Awesome Oscillator indicated increasing bearish momentum, and Monero could face a decline in price to trade at $80 region.





Source link

- Advertisement -
profile logo 500x500
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,496FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 42,063.00
ethereum
Ethereum (ETH) $ 2,927.21
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 490.57
litecoin
Litecoin (LTC) $ 146.65
eos
EOS (EOS) $ 3.85
okb
OKB (OKB) $ 14.46
tezos
Tezos (XTZ) $ 6.11
leo-token
LEO Token (LEO) $ 2.72
cardano
Cardano (ADA) $ 2.13
monero
Monero (XMR) $ 236.76
stellar
Stellar (XLM) $ 0.265549
chainlink
Chainlink (LINK) $ 23.36
huobi-token
Huobi Token (HT) $ 7.78
tron
TRON (TRX) $ 0.085782
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 156.59
neo
NEO (NEO) $ 37.67
iota
IOTA (MIOTA) $ 1.13
nem
NEM (XEM) $ 0.141499
zcash
Zcash (ZEC) $ 107.23
maker
Maker (MKR) $ 2,348.65
paxos-standard
Pax Dollar (USDP) $ 0.997735
ethereum-classic
Ethereum Classic (ETC) $ 45.80
vechain
VeChain (VET) $ 0.087219
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 51.81
kucoin-shares
KuCoin Token (KCS) $ 10.39
waves
Waves (WAVES) $ 24.58