Home Litecoin Litecoin, Algorand, Huobi Token Price Analysis: 13 April

Litecoin, Algorand, Huobi Token Price Analysis: 13 April

4 min read

Litecoin might break above its higher ceiling of $258.3, however stronger bullish cues are wanted to take care of increased ranges. Algorand’s subsequent goal will be discovered at its $1.73-resistance, whereas Huobi Token might stabilize at $19 or $17.3 earlier than resuming its uptrend.

Litecoin [LTC]

Supply: LTC/USD, TradingView

Litecoin recaptured the $242.31-level, flipped it to help, and even bounced again from this level after defending it over the previous couple of periods. As LTC pushed north on the charts, there lay some resistance at $258.39 and it was unclear whether or not this degree may very well be breached over the approaching periods.

Buying and selling volumes diminished by 14% during the last 24 hours, however have been above $5 billion, on the time of writing. The MACD confirmed a bearish divergence as the worth moved south and in direction of the $242.3-mark. The fast-moving degree was beneath the Sign line, however the histogram famous weakening momentum.

The RSI moved flat at 58 and highlighted some bullish power out there. Even when a breakout does happen within the coming hours, count on positive aspects to be restricted within the Litecoin market.

Algorand [ALGO]

Supply: ALGO/USD, TradingView

Algorand noticed a breakout from the higher trendline of its horizontal channel and positive aspects have been restricted on the $1.599-resistance. To make a whole restoration in direction of its late-February ranges, the bulls have to push the worth in direction of one other barrier at $1.73.

Despite the fact that the MACD famous a bearish crossover, the identical was above the half-line. The ADX was pointing north and recommended that power was nonetheless constructing on the bullish aspect. To make the subsequent climb, the newly-flipped help line at $1.44 should first be defended from some bearish stress.

Huobi Token [HT]

Supply: HT/USD, TradingView

The help between $12.4-$12.8 stopped losses within the Huobi Token market and shopping for at this degree additionally allowed for a bullish comeback on the charts. The bullish rally met with resistance at $22.3. however nonetheless held agency above the $20-level.

The RSI recommended that HT must stabilize earlier than resuming its upwards trajectory. This might happen on the $19-mark and even at $17.3.  The Superior Oscillator noticed a shift of momentum in direction of the bearish aspect, however the specter of a breakdown was minimal.

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