Tron, XRP, IOTA

IOTA (MIOTA)

In the past 72-hours, IOTA (MIOTA) has seen a massive surge in price. In this period, it has pushed from a low of $0.227 to a high of $0.316. However, in the past 3-hours, it has retraced, and has hit the 21-day MA support at $0.296, though it is still holding above it. This is an indicator that bulls still have control of the market. To go long on IOTA (MIOTA), it would be best to wait for a break above the day’s high of $0.316. This would be confirmation that bullish sentiment is prevalent. A long position at this level would have a possible exit point at $0.35. This is a key resistance level for IOTA (MIOTA) on the 6-hour 200-day MA.

However, in the scenario that IOTA (MIOTA) fails to hold above the 21-day MA at $0.296, it would be a trigger to go short with a target of $0.270. This is a key support level for IOTA (MIOTA) on the 55-day MA, and a possible exit point from a short-term sell position. A break below it could see IOTA (MIOTA) possibly test $0.252. That’s the next key support level for IOTA (MIOTA) on the 100-day MA, and a possible reversal point in the short-term.

Litecoin (LTC)

Like all other cryptos, Litecoin has been relatively bullish in the past 72-hours. In this period, Litecoin has pushed up from $25.84 to a high of $33.02. However, in the last 14-hours, Litecoin has formed a double top at $32.09, an indicator that it could be headed for a bearish reversal. To go short on Litecoin (LTC), it would be best to wait for a break below $30, which is a psychological support level at this point. A break below $30 could see Litecoin (LTC) possibly drop to $27.87. This is a key support level for Litecoin (LTC) on the 100-day MA.

However, in the scenario that Litecoin (LTC) pushes above the day’s high of $33.02, it would be an indicator that bulls are still in control. This would be a signal to go long with a target of $37.71. This is the next key resistance for Litecoin (LTC) on the 6-hour 200-day MA.

Ethereum (ETH)

In the last 72-hours, Ethereum (ETH) has pushed from a low of $86.02, to a high of $110.89. However, in the last 4-hours, Ethereum (ETH) has dropped and retraced to around $104.02. To trade in Ethereum (ETH), it would be best to wait for a break either below $103.52 or above $110.89. If it pushes above the day’s high of $110.89, it would make sense to go long with a target of $119.84. This is a 5-day high and a possible exit point from a short-term long position.

On the other hand, if Ethereum (ETH) drops below $103.52, it would be an indicator of bear power. This would be an indicator to go short with a target of $94.45. This is a key support level for Ethereum (ETH), and a possible reversal point in the day. A break below this level could see its price possibly drop to $90. This is a key support level for Ethereum (ETH) on the 200-day MA.

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