Each Litecoin and Vechain registered robust bullish momentum on the value 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, however it recovered backed by good buying and selling quantity and it might check the $0.0178-resistance stage as soon as extra. Lastly, Augur traded inside a spread 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 stage at $145. With the $142-level of resistance shut by, it could show to be a robust stage of resistance if LTC exams it within the coming days.
The RSI was at 70 and on the brink of crossing into the overbought zone. Nevertheless, this didn’t recommend an instantaneous pullback for the value by itself. It did, nevertheless, point out robust bullish momentum behind LTC.
The check of the 38.2% retracement stage and a surge previous its native excessive over the previous week was a growth 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 fashioned a spread on the 1-hour chart. The higher and decrease boundaries of this vary had 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 value 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 larger as soon as extra, pointing to a transfer previous the mid-point and in direction of larger ranges.
There was no indication of a breakout from the vary but, nevertheless. The OBV was conspicuously flat, suggesting an equilibrium between patrons and sellers.
The MACD and Sign strains had been a ways aside, whereas the Stochastic RSI additionally prolonged into the overbought area and fashioned a bearish crossover on the 4-hour chart.
This urged that VET might see a minor pullback on the charts. The extent of assist at $0.0159 was simply above the 50 SMA (yellow) and this confluence may very well be examined earlier than one other transfer to the upside.
The restoration after the drop to $0.0126 has been robust and was accompanied by above-average buying and selling quantity, signaling the bullish power behind VET.