The worth outlook for LTC, XLM, and UNI heading into the weekend suggests bears are nonetheless in management.
As of writing, the market is basically in pink, with solely Stellar (XLM) +4.22% and Binance Coin (BNB) +2.66% trending inexperienced among the many prime 20 cryptocurrencies by market cap. A lot of the different property are dropping 1.5%-7% over the previous 24 hours, and practically in double-digits for all around the previous week.
Right here’s how the technical image appears to be like for LTC, XLM, and UNI heading into the weekend.
Litecoin worth
Litecoin has dropped under $125, extending the decline after bulls failed to carry the $130 assist zone. The bearish flip adopted a breakdown under a crucial trendline with assist close to $139.
The MACD and RSI technical indicators are within the bearish zones.
As seen on the 4-hour chart, LTC/USD has moved away from the 100-day easy shifting common, suggesting the pair may see contemporary sell-off stress. If that occurs, LTC worth may search assist at $115-$105 within the close to time period.
Key ranges to look at due to this fact are the 50% Fib and 23.6% Fib retracement ranges as highlighted within the chart.
Stellar worth
Stellar worth is up 4.22% up to now 24 hours to commerce round $0.24 in opposition to the US greenback. The upside to the present worth ranges is nevertheless dealing with short-term stress as a breakout from a descending channel has pale during the last two classes.
The MACD and RSI nevertheless counsel bulls have the higher hand, with the latter above the 50-mark degree. The MACD line is trending bullish above the sign line. If bulls maintain costs above $0.24, the subsequent hurdle can be the 100 SMA ($0.25) and additional positive aspects may happen in the direction of a key resistance line close to $0.269 after which $0.288.
On the draw back, the important thing ranges to look at are on the horizontal line at $0.235 and $0.21.
Uniswap worth
Uniswap (UNI) worth has damaged under the 50-day shifting common ($21.30) and the 20-day EMA ($19.25). The technical image for UNI/USD means that the trail downwards is extra probably, with the SMA and EMA curves sloping.
The RSI on the 4-hour chart is trending in the direction of the oversold territory, with the bears more likely to retain a stranglehold within the close to time period if the unfavorable divergence continues.
On the upside, bulls face obstacles at $20.22 and $25.18. Nonetheless, if costs break under $15.50, it may affirm a descending triangle sample formation. In case this occurs, UNI/USD may begin a contemporary decline and retest costs round $13.22 and $9.50
