Home Litecoin Litecoin, Neo, Augur Price Analysis: 06 April

Litecoin, Neo, Augur Price Analysis: 06 April

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Litecoin approached a vital resistance stage at $228.92 and a profitable breakout might push the worth above $245. Neo traded at multi-year highs and confirmed no indicators of halting its upwards trajectory. Lastly, Augur was tipped to interrupt above $44.37 and the $50-level might be potential over the subsequent few buying and selling periods.

Litecoin [LTC]

Supply: LTC/USD, TradingView

On the 4-hour timeframe, Litecoin pictured a bullish trajectory because it approached the essential barrier of $228.92. Breaking above this level would push LTC north of $245, a stage final seen previous to the late February pullback. The motion was additionally consistent with recent expectations as commerce volumes on spot exchanges famous a rise in demand for the world’s ninth-largest cryptocurrency.

The OBV confirmed shopping for across the $170-mark, with the alt making a restoration in direction of ranges seen on 20 February. The ADX pointed north from 25 because the bulls gathered power out there. The 24-hour buying and selling volumes climbed north of $5 billion and rose by 74%, on the time of writing.

Neo [NEO]

Supply: NEO/USD, TradingView

Neo’s breakout from the $46.2-$37.9 vary catapulted the worth in direction of $64 – a stage final seen in Might 2018. Positive aspects over the past seven days now amounted to over 42% and underlined a powerful bull market after a reasonably subdued month of March.

Though the RSI was buying and selling within the overbought territory, it was pointing north and urged a delayed keep within the higher zone. In the meantime, the MACD line continued its motion above the Sign line, with the histogram picturing an uptick in bullish momentum. There was some resistance current across the $65-mark, however a stronger barrier might be discovered at $69. If the bears maintain on to this stage, a pullback might be anticipated at $60.

Augur [REP]

Supply: REP/USD, TradingView

Augur maintained its ascent on the 4-hour charts and the bulls had been about to check a powerful resistance stage at $44.37. On the earlier try, the bears had been in a position to deny a breakout and pushed REP all the best way to $30.4. Nonetheless, the on chain-metrics strongly favored a profitable breakout on this event.

The RSI was but to peak within the higher zone and pointed to extra positive aspects over the approaching periods. The Superior Oscillator recovered from a bearish twin peak setup and resumed motion concerning the equilibrium level. A breakout might go as excessive as $50 and even $60 if the indications preserve their place.

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