Each Litecoin and Vechain registered sturdy bullish momentum on the worth charts. Litecoin rose previous its earlier native excessive at $124 and the bulls focused the $145-mark. VET broke to the draw back of an ascending triangle sample, nevertheless it recovered backed by good buying and selling quantity and it may check the $0.0178-resistance degree as soon as extra. Lastly, Augur traded inside a variety over the previous couple of days and confirmed some ranges of curiosity for scalp trades.
Litecoin rose previous the $122-level as soon as extra and it was heading to the 27% Fibonacci extension degree at $145. With the $142-level of resistance shut by, it could show to be a robust degree of resistance if LTC assessments it within the coming days.
The RSI was at 70 and on the edge of crossing into the overbought zone. Nevertheless, this didn’t recommend a direct pullback for the worth by itself. It did, nonetheless, point out sturdy bullish momentum behind LTC.
The check of the 38.2% retracement degree and a surge previous its native excessive over the previous week was a improvement that was strongly bullish and the Fibonacci extension has proven some goal ranges for the bulls as nicely.
After dipping as little as $13.8, REP recovered considerably and indicated that it had shaped a variety on the 1-hour chart. The higher and decrease boundaries of this vary have been at $$17.42 and $15.44, with horizontal ranges of assist and resistance closeby at $15.79 and $17.11.
The mid-point of this vary can be utilized to gauge the momentum behind REP within the short-term. On the time of writing, the worth was slightly below the mid-point after seeing an ascent above and a pointy rejection to the draw back of the mid-point.
The value examined the $15.7-support and was heading increased as soon as extra, pointing to a transfer previous the mid-point and in direction of increased ranges.
There was no indication of a breakout from the vary but, nonetheless. The OBV was conspicuously flat, suggesting an equilibrium between patrons and sellers.
The MACD and Sign traces have been a long way aside, whereas the Stochastic RSI additionally prolonged into the overbought area and shaped a bearish crossover on the 4-hour chart.
This urged that VET may see a minor pullback on the charts. The extent of assist at $0.0159 was simply above the 50 SMA (yellow) and this confluence might be examined earlier than one other transfer to the upside.
The restoration after the drop to $0.0126 has been sturdy and was accompanied by above-average buying and selling quantity, signaling the bullish energy behind VET.