Litecoin (LTC) has been trading sideways for the past 5 days. This is indicative to low trading volumes in this crypto. It could also be indicative of bullish or bearish consolidation. Therefore, to trade in Litecoin (LTC), it is best to wait for a breakout. If in the next 24-hours, Litecoin breaks out bearish and pushes below the week’s support of $42.00, it would be more prudent to go short with a target of $40.97. That’s the last low it has hit in the last 4-days and it’s a possible exit point from a 24-hour hour short position.
On the other hand, if Litecoin (LTC) breaks out to the upside and pushes above the week’s resistance of $44.68, it would be best to go long with a target of $50.94. That’s a key resistance level for Litecoin, one where it has reversed in the past week, and one where it could lag, in the next 24-hours. In a scenario that Litecoin (LTC) pushes above this value, it could possibly hit a high of $55.57 on the 12-hour 200-day MA. This could also mark the return of bullish sentiment in Litecoin (LTC) that could see it make even higher gains.
For the past 5 days, IOTA (MIOTA) has been trading in a range between $0.426 and $0.408. To trade in IOTA (IOTA), it would be best to wait for a breakout outside of this range. In the scenario that IOTA breaks out bullish and pushes above $0.426, it would be an indicator that bulls are in control of the market. This would be a trigger to go long with a target of $0.456. That’s a key resistance point on the 200-day MA and a possible exit point from a 24-hour long-position.
However, if IOTA (MIOTA) breaks out bearish below $0.408, it would be best to go short with a target of $0.389. That’s the last low it hit in the last 4 days and a possible reversal point. However, if it pushes below this price level, it could possibly test the week’s low of $0.350.
In the past 48-hours, Zcash (ZEC) has been slightly bullish. It has pushed from a low of $106.07 to a high of $113.85. Bullish sentiment in Zcash (ZEC) is also confirmed by a moving average cross. The 21-day MA has crossed above the 55 and the 100-day moving averages in the last 24-hours. That’s an indicator that the price is gaining upside momentum and a trigger to go long on Zcash (ZEC). A long position in Zcash at this price would have a good exit point at $120.95. That’s a key resistance level for Zcash (ZEC) on the 200-day MA.
On the other hand, if bulls lose momentum and Zcash drops below $108.99, it would be an indicator to go short with a target of $106.46. That’s a key support level for Zcash (ZEC) and a possible exit point from an intra-day short position. A break below this level could see Zcash (ZEC) test last week’s low of $100.83. Though this is unlikely given the strong buying momentum in ZCash (ZEC) at the moment.