Litecoin was fairly bullish on the charts because it focused a transfer previous $140, however Zcash and Compound misplaced a stage of help to promoting stress and will see additional draw back within the coming days.
Litecoin [LTC]
Supply: LTC/USD on TradingView
Litecoin was buying and selling at $139.57, proper atop the $139 stage of resistance it was more likely to flip to help within the coming hours.
The prince refused to sink under the $124 stage and noticed a surge to $140 over the previous 20 hours. The Superior Oscillator, which confirmed indecisive momentum a couple of buying and selling classes in the past, flipped to strongly bullish on the time of writing.
It was possible that LTC would see additional upside, with $150 being a psychological resistance, and the $176 additional north also can see some promoting stress ought to LTC attain it.
Zcash [ZEC]
Supply: ZEC/USDT on TradingView
Zcash confirmed indicators of bearish stress in December when it fashioned a symmetrical triangle and broke to the draw back. The OBV confirmed that promoting quantity has been better than shopping for.
Despite the fact that there was a area of demand within the neighborhood of $62, the promoting stress pressured the value decrease to check the extent of help at $55.5. Subsequently, ZEC noticed a bounce and was buying and selling at $57.5 on the time of writing.
The MACD confirmed robust bearish momentum, and ZEC might be set to slide and contact $50 ought to it lose the $55 stage. Information of delisting from Bittrex has possible accelerated the beforehand current promoting.
Compound [COMP]
Supply: COMP/USDT on TradingView
In mid-December, COMP slumped from close to $170 to check the $125 stage of help and was headed towards that stage as soon as extra.
The previous couple of days noticed some bearish stress on COMP, forcing it to lose the $140 stage to the bears. The features of the earlier week is likely to be erased shortly, because the RSI moved beneath the impartial 50 worth and indicated a downtrend in progress.
The Stochastic RSI was within the oversold area and hinted that the value would possibly retest $140 to substantiate it as resistance earlier than a transfer downward.
