Litecoin’s price movement has not changed in the past 24 hours, but an observation of the charts revealed that the Alt remained within the trendless price movement zone. LTC’s trading volume fell 18.47% over the same period, while ATOM’s capital inflows increased. Finally, despite the impressive rebound in late June, Aave was unable to hold on to it as downside pressures mounted at the time of writing.

Litecoin [LTC]

Litecoin, Cosmos and Aave Price Analysis: July 11th

LTC / USD, TradingView

At the time of writing, LTC was priced at $ 134.5, a slight 1% increase from the previous day’s price. After choppy volatility within a narrow price range, the Alt saw an uptrend. The Parabolic SARs Dotted markings were placed under the candlesticks, this reading corresponding to said migration. If the price continues to be pushed up, the resistance level the Alt would test immediately would be $ 148.

Given that there is a chance that LTC could move in a descending trendline, the token would find the USD 114 support level. However, the chances of market volatility remained slim as the Bollinger bands locked themselves in at the time of going to press.

The Average direction index stayed below the 20 mark, meaning the digital asset was within a trendless price action zone.

cosmos [ATOM]

Litecoin, Cosmos and Aave Price Analysis: July 11th

ATOM / USD, TradingView

Unlike most major altcoins, ATOM actually registered a move north on the four-hour technical analysis charts. The altcoin traded at $ 14.44 after seeing a price increase of 7% in the past 24 hours. At the time of writing, ATOM’s market capitalization was also up 6.78%. This uptrend could cause it to touch the $ 15.54 resistance level.

The Great oscillator presented growing bullish signals as the indicator noted the predominant presence of green signal bars. The capital inflows also rose there Chaikin money flow showed a slight increase at the time of going to press.

The Parabolic SAR confirmed the upward trend of the digital asset as the dotted marks were found under the candlesticks.

Aave

Litecoin, Cosmos and Aave Price Analysis: July 11th

AAVE / USD, TradingView

Aave’s rebound has been significant since June 28th. At the time of writing, Aave was priced at $ 294 after falling 3.2% in the past few days. As a result, the demand for the DeFi token also decreased. At the time of going to press, however, the Relative Strength Index have seen a slight increase in buying pressure.

Capital inflows exceeded capital outflows on Chaikin money flow. What’s more since the bearish crossover on July 7th, the MACDs Histogram showed growing downward pressure in the market, which means the price would not go up immediately.

As bearish pressure mounts, the alt could rest at or near the USD 246 support level. In a recent development, Aave is poised to launch its KYC-enabled DeFi for institutions through Aave Pro this month.

LEAVE A REPLY

Please enter your comment!
Please enter your name here