Litecoin exhibits a bullish outlook today, and the $115 mark remains a crucial resistance that the alt can overcome soon. Meanwhile, Stellar Lumens and Cosmos seemed to create a range.
LTC meets a challenging hurdle around the $115 mark. In the short term, the massive support floor sits at $101, then $107. The ascending trend-line foothold meant Litecoin was somewhat printing an ascending triangle formation.
Therefore, Litecoin will likely lose the bullish picture in the coming few days. LTC may see a retracement towards $110 before further downswings drag the token lower to the support barrier of around $107.9. The Moving Average Convergence Divergence withdrew from massively bullish towards the zero-line. That displayed neutral momentum in this publication. The on-balance volume saw an upsurge last week, highlighting buying volume presence.
The VPVR positioned the Point of Control (POC) at 24.04, whereas the Value Area Highs and Lows stood at $25.05 and $23.85. That means most of last week’s trading happened between these ranges.
While writing this content, the Relative Strength Index dropped under the 50-neutral as the price hovered around the support of $24.28. That shows that Cosmos may witness a further downward move. Moreover, the on-balance volume dipped amid the retracement from $25, but OBV sustained more buying pressure and selling. The range between $24 – $24.3 could present a ‘buy’ opportunity in the coming hours.
Stellar Lumens (XLM)
According to the 2hr chart, Stellar Lumens seemed to create a range between $0.2125 and $0.186. The previous two weeks had the Relative Strength Index climbing towards 70 and plunging to 30. The indicator did not display bias in either direction. Also, the price oscillated from $0.21 to $0.18.
Moreover, the Aroon Oscillator displayed down and uptrends within the previous two weeks. The DMI indicated no impending massive trend. The ADX plunged beneath the 20-level over the past few days, showing an absence of colossal trends in the making.