Polkadot Price Upcoming Move As The Bears Emerge.
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Litecoin Shows Signs Of Bull Run In Coming Days.
2021-10-08 | Robin Williams
7 Day Litecoin Trading Price - Source: CoinMarketCap
However, as long as the retreat remains contained above the aforementioned upside line, we should have a good probability of seeing another move north. This time, the bulls may break through the $194.70 barriers, a move that might lead to bigger extensions, possibly towards the September 6th inside swing low of $214.20. The RSI is just below 70 and has recently turned up, while the MACD is slightly above both its zero and trigger lines, according to our short-term oscillators. Both indications show signs of upward momentum, suggesting that this cryptocurrency will continue to rise. We'd want to see a fall below $163.30 to abandon the upside scenario and start looking at whether the bears have reclaimed the upper hand. This may confirm the break below the previously mentioned upside line, with a first target of the $154.25 low from October 4th. A break below $154.25 may lead to expansions to the $142.53 level, which corresponds to the October 1st low, or the $139.40 zone, which corresponds to the September 29th low.
