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Litecoin, Ethereum Basic and Polkadot Value Evaluation: 16 August

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Altcoins Litecoin, Ethereum Basic and Polkadot, all rose on their charts during the last 24 hours, owing to Bitcoin and Ethereum’s northbound actions. LTC held itself above its help area of $175.35 because it logged a 2.5% improve in costs, ETC eyed its speedy resistance of $76.70 because it traded at $75.44. DOT shot up by 8.1% because it recorded a multi-month excessive.

Litecoin (LTC)

Litecoin, Ethereum Classic and Polkadot Price Analysis: August 16

LTC/USD, TradingView

Litecoin climbed up on its chart by 2.5% because it was buying and selling at $188.20. The coin traded efficiently over its help area of $175.35 and will probably topple over its speedy resistance of $188.90 to the touch the following ceiling of $193.62.

Superior Oscillator flashed inexperienced sign bars suggesting bullish value motion for LTC. Relative Energy Index famous a rise in shopping for strain whereas it stood above the 60-mark. 

Bollinger Bands constricted implying that market volatility might be on the decline. In case of a dip in costs, Litecoin may fall to the $175.35 help line. 

Ethereum Basic (ETC)

Litecoin, Ethereum Classic and Polkadot Price Analysis: August 16

ETC/USD, TradingView

ETC famous a 2.1% improve during the last 24 hours because it stood at a multi-month excessive of $75.44. If ETC rises above the present value stage, then it may take a look at the $76.70 resistance. 

The four-hour chart of ETC, nevertheless, confirmed combined indicators. The Superior Oscillator famous the onset of a bearish value motion with a inexperienced sign bar over the midline. 

MACD displayed inexperienced histograms albeit declining in nature, so ETC may presumably dip and stand on the $71.96 help stage.

The Relative Energy Index remained bullish because it was seen inside the overbought territory, a studying that’s usually largely adopted by a corrective pullback. 

Polkadot (DOT)

Litecoin, Ethereum Classic and Polkadot Price Analysis: August 16

DOT/USD, TradingView

DOT registered a powerful 8.1% surge during the last 24 hours, because it traded at $25.18, a value it final touched on 14 June. As technical indicators level in the direction of a bullish momentum, DOT may keep the uptrend and take a look at $26.29 resistance. 

Superior Oscillator noticed inexperienced sign bars which indicated an uptrend available in the market. Equivalent to the identical, MACD after recording a bullish crossover additionally displayed the onset of inexperienced bars on the histogram. 

Relative Energy Index went straight into the overbought zone as shopping for strain hiked, nevertheless, an opportunity of value reversal can’t be dominated out utterly.  In case of a reversal, DOT may commerce on the $22.98 help stage. 


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