After the broader market price correction, most altcoins were on the way to recovery as of press time. Ethereum, for example, was back on the up after breaking the $ 2,100 mark. UNI has also seen a slight upward trend in prices over the past 24 hours, while LTC eventually broke through its main resistance levels of $ 135 and $ 139.
Ethereum’s price rose 9% in the past 24 hours as it topped the USD 1750 support and broke the USD 2000 resistance level. The price increase has been significant considering how long Ethereum has stayed below the above levels. In fact, at the time of writing, the asset was priced at $ 2,186.
The Relative Strength Index confirmed this upward price trend, with the indicator showing an increase in buying pressure. ETH’s bullish momentum gained momentum when the green lines of the histogram were shown above the zero line on the Great oscillator.
If Ethereum’s price action extends further north, the coin would face resistance at the $ 2,600 mark. Regarding the same thing that Bollinger bands indicates divergence, which indicates some volatility in the short term.
UNI was trading green at press time, despite a slower recovery rate compared to other altcoins on the market. At the time of writing, the Alt was trading at $ 18.98, up 10%.
UNI was stable around $ 18 at the time of going to press and if the bulls really recapture the market, the Alt price may soar to the $ 22 mark. The Chaikin money flow also saw an increase in capital inflows.
The upward trend Great oscillators Histogram captured UNI’s growing market momentum. Finally, based on the findings of the Bollinger bands.
As Bitcoin price rose, LTC climbed to the top, posting a price increase of 10.6% in the past 24 hours. Litecoin broke two major resistance levels of $ 135 and $ 139, respectively, and the coin was available for $ 145.33 at press time. In the event of a sustained uptrend, the next resistance level from LTC to watch out for would be $ 150.
The Relative Strength Index almost mimicked the price movement on the 4-hour chart, a sign of mounting buying pressure. The Parabolic SARs dotted markings were floating below the candles at the time of writing, a finding that confirmed the price move north.
Finally, that MACD represented a bullish crossover with the signal line, with the indicator’s histogram also representing an increase in momentum.
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