The value outlook for LTC, XLM, and UNI heading into the weekend suggests bears are nonetheless in management.
As of writing, the market is basically in purple, with solely Stellar (XLM) +4.22% and Binance Coin (BNB) +2.66% trending inexperienced among the many prime 20 cryptocurrencies by market cap. Many of the different property are shedding 1.5%-7% over the previous 24 hours, and almost in double-digits for everywhere in the previous week.
Right here’s how the technical image seems for LTC, XLM, and UNI heading into the weekend.
Litecoin has dropped under $125, extending the decline after bulls failed to carry the $130 assist zone. The bearish flip adopted a breakdown under a crucial trendline with assist close to $139.
The MACD and RSI technical indicators are within the bearish zones.
As seen on the 4-hour chart, LTC/USD has moved away from the 100-day easy shifting common, suggesting the pair may see contemporary sell-off strain. If that occurs, LTC value may search assist at $115-$105 within the close to time period.
Key ranges to look at due to this fact are the 50% Fib and 23.6% Fib retracement ranges as highlighted within the chart.
Stellar value is up 4.22% prior to now 24 hours to commerce round $0.24 towards the US greenback. The upside to the present value ranges is nonetheless dealing with short-term strain as a breakout from a descending channel has light during the last two classes.
The MACD and RSI nonetheless recommend bulls have the higher hand, with the latter above the 50-mark degree. The MACD line is trending bullish above the sign line. If bulls preserve costs above $0.24, the following hurdle can be the 100 SMA ($0.25) and additional features may happen in direction of a key resistance line close to $0.269 after which $0.288.
On the draw back, the important thing ranges to look at are on the horizontal line at $0.235 and $0.21.
Uniswap (UNI) value has damaged under the 50-day shifting common ($21.30) and the 20-day EMA ($19.25). The technical image for UNI/USD means that the trail downwards is extra probably, with the SMA and EMA curves sloping.
The RSI on the 4-hour chart is trending in direction of the oversold territory, with the bears prone to retain a stranglehold within the close to time period if the damaging divergence continues.
On the upside, bulls face boundaries at $20.22 and $25.18. Nevertheless, if costs break under $15.50, it may verify a descending triangle sample formation. In case this occurs, UNI/USD may begin a contemporary decline and retest costs round $13.22 and $9.50