Bit News Live

Litecoin, Dash, BAT Price Analysis: 16 September

Source: LTC/USD on TradingView

Litecoin briefly ascended past resistance at $50 region before dropping to $47. That drop was quickly bought up and the price was at $48.18 at the time of writing.

Litecoin has been unable to breach past $50 level in the past few days. LTC closing a trading session above $50 is the first step to recovery for the coin.

MACD showed a bearish crossover. The next level of support for the asset lies at $45 region.

Litecoin was in the news recently when LTC creator Charlie Lee and Stephan Vogler, CEO of German videogame developer CipSoft, announced Litebringer, an RPG that runs on top of the Litecoin blockchain.

Dash [DASH]

Litecoin, Dash, BAT Price Analysis: 16 September

Source: DASH/USDT on TradingView

DASH failed to flip $77 level to support and registered lower highs ever since slipping beneath resistance. The market failed to flip a level of resistance it tested multiple times in quick succession. This indicated the strength of selling pressure.

RSI showed a bearish reading of 39. This showed continued bearish pressure on DASH and any bounce should be seen as an opportunity to sell in the next few trading sessions.

Basic Attention Token [BAT]

Litecoin, Dash, BAT Price Analysis: 16 September

Source: BAT/USD on TradingView

BAT tested a level of support at $0.24 and defended it for the second time this week. The mouth of the Bollinger bands expanded as volatility increased in the past few days.

BAT slipped toward the lower band, indicating bearishness in the near-term. It is likely that BAT bounces to its 20 period moving average (red) and drops once more to test support.

Source
AMB Crypto

Add comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Live Price

powered by Coinlib

Crypto Converter

powered by Coinlib

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

%d bloggers like this: