The weekend worth outlook for LTC, XLM and UNI suggests the bears are nonetheless in management.
On the time of writing, the market is basically in pink with solely Stellar (XLM) + 4.22% and Binance Coin (BNB) + 2.66% being inexperienced among the many high 20 cryptocurrencies by market capitalization. Most different belongings misplaced 1.5% to 7% prior to now 24 hours and almost double digits for the complete previous week.
That is the technical image for LTC, XLM and UNI in the direction of the weekend.
Litecoin fell under $ 125 and prolonged the decline after the bulls failed to take care of the $ 130 help zone. The bearish flip adopted a break under a important trendline with help close to $ 139.
The technical indicators MACD and RSI are within the bearish space.
As seen on the 4-hour chart, LTC / USD has moved away from the 100-day easy shifting common, suggesting that the pair might even see renewed sell-off pressures. If that’s the case, the LTC worth may search help at $ 115-105 within the close to future.
Crucial values to observe are subsequently the retracement ranges of 50% Fib and 23.6% Fib, as highlighted within the graph.
LTC / USD Four hour chart. Supply: TradingView
Stellar worth is up 4.22% prior to now 24 hours and is buying and selling at $ 0.24 in opposition to the US greenback. Nevertheless, the uptrend in present worth ranges is beneath quick time period stress as a breakout from a descending channel has subsided within the final two classes.
Nevertheless, the MACD and RSI recommend that the bulls have the higher hand, with the latter above the 50 mark. The MACD line is trending bullish above the sign line. If the bulls hold costs above $ 0.24, the subsequent hurdle could be the 100 SMA ($ 0.25) and additional beneficial properties may come in the direction of a serious resistance degree close to $ 0.269 after which $ 0.288 .
Then again, the primary ranges to observe on the horizontal line are $ 0.235 and $ 0.21.
XLM / USD 4-hour chart. Supply: TradingView
The Uniswap (UNI) worth has fallen under the 50-day shifting common ($ 21.30) and the 20-day EMA ($ 19.25). The technical image for UNI / USD suggests the draw back is extra possible because the SMA and EMA curves are sloping.
The RSI on the Four hour chart is sloping into the oversold territory, with the bears prone to stay in a stranglehold within the quick time period if the adverse divergence persists.
UNI / USD every day chart. Supply: TradingView
On the flip aspect, bulls stand at $ 20.22 and $ 25.18, respectively. Nevertheless, if costs drop under $ 15.50, it may verify a descending triangle sample formation. In that case, UNI / USD may begin falling once more and retest costs round $ 13.22 and $ 9.50