IOTA, Ethereum Classic, Litecoin

IOTA (MIOTA)

IOTA (MIOTA) has been largely stable in the last 48 hours. In this period, it has been trading in a range between $0.504 which has been acting as support, and $0.495, which is now a key support level on the 200-day MA. This is an indicator that IOTA (MIOTA) could break out at any time in the near future. To go long on IOTA (MIOTA), it would be best to wait for a break above the day’s resistance point at $0.504. If IOTA (MIOTA) breaks above this level and extends above the day’s high of $0.508, it would be a trigger to go long with a target of $0.518. That’s the next key resistance level on the 6-hour 200-day MA.

If it pushes above this level, the next possible reversal point would be at $0.587, a level at which, IOTA (MIOTA) has ranged in the last one month.  But if in the day it breaks below the 200-day MA at $0.495, it would be a signal to go short with a target of $0.488. That’s the next key support level on the 100-day MA. A break below this could see IOTA (MIOTA) drop to $0.477. That’s the last low it has hit in the last 48-hours and a possible reversal point.

Ethereum Classic (ETC)

Ethereum Classic (ETC) has been relatively stable for the last 48-hours. It is range bound between $9.29 which is acting as a resistance and $9.19, which is offering intra-day support. If in the day, Ethereum Classic (ETC) pushes above $9.29 and extends above the day’s high of $9.35, it would be best to go long with a target of $9.40. That’s the next key support level on the 100-day MA.  A break above this level could see it test $9.50 on the 200-day MA.

However, if in the course of day Ethereum Classic (ETC) drops below $9.19 and extends below the day’s low of $9.13, it would be a signal to go short with a target of $8.99. That’s the next key support level on the 6-hour chart and one where Ethereum Classic (ETC) could reverse at in the day.

Litecoin (LTC)

Litecoin (LTC) has been trading in a range for the last 48-hours. It has been range bound between $50.70, which is now support, and $51.53 which is now resistance. To make a trade in Litecoin (LTC), it would be best to wait for a breakout in either direction. If it breaks out to the upside and extends above the 100-day MA at $51.72, it would be best to go long with a target of $52.90. That’s a key resistance level on the 200-day MA.

However, if in the course of the day Litecoin (LTC) breaks out to the downside and extends below the day’s low of $50.58, it would be best to go short with a target of $49.19.   This is the next key support level, for Litecoin (LTC) on the 6-hour chart. It has ranged at this price level in the past week, and it could possibly reverse around this level. A break below it could see the value of Litecoin (LTC) hit $48.72 on the day chart.

 

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