Cardano, DigiByte

IOTA (MIOTA)

It has been a slow start to the year for crypto, and IOTA (MIOTA) is no exception. Due to the New Year’s holiday, volumes have been relatively low. IOTA (MIOTA) has been trading in a range between $0.357 and $0.362 for the past 24-hours. To trade in IOTA (MIOTA), it would be best to watch for an increase in volumes, and a break outside of this range. If it breaks out to the upside and pushes above the 48-hour high of $0.377, it would be an indicator that bulls are still in control of the market. Such a position would have a good exit point of $0.415. This is a key resistance point for IOTA (MIOTA) on the 12-hour 200-day MA.

On the flipside, if IOTA (MIOTA) drops below the lower range of $0.362 and pushes below the 200-day MA at $0.350, it would be an indicator of increased bearish sentiment. This would be a trigger to go short with a target of $0.296. This is a key support level for IOTA (MIOTA) on the 3-hour 200-day MA, and a possible reversal point for IOTA (MIOTA) in the day.

XRP (XRP)

XRP (XRP) has been trading sideways for the past 24-hours. This is due to the New Year’s low trading volumes. However, momentum seems to be largely bearish after it failed to break above the 55-day MA minor resistance $0.370. To go short on XRP (XRP), it would be best to wait for a break below the day’s low of $0.356. Such a position would have a good exit point at $0.347 on the 3-hour 200-day MA. XRP is likely to either range or bounce back from this price level.

However, if XRP (XRP) pushes above the day’s high of $0.370, it would make sense to go long with a target of $0.379. This is a key resistance level for XRP on the 200-day MA. If it pushes above this level, it could possibly rise to $0.433. This is a major resistance point for XRP (XRP) on the 12-hour 200-day MA.

Litecoin (LTC)

While the entire market has been largely bearish for the past 24-hours, Litecoin (LTC) has made some minor gains in this period. It has pushed from a low of $30.54 to a high of 32.00. However, it has failed to break above the 200-day MA, an indicator that bears are still in control of Litecoin (LTC). To go short on Litecoin (LTC), it would be best to wait for a break below the day’s low of $30.54. This would be a signal to go short with a target of $29.15. This is a key support level for Litecoin (LTC) on the 3-hour 200-day MA.

However, in the scenario that Litecoin (LTC) pushes above the day’s high of 32.0, it would be an indicator that bulls are back in control, and a signal to go long on Litecoin (LTC). A long position at this price level would have a good exit point at $43.74. This is a good exit point for Litecoin (LTC) on the 12-hour 200-day MA. A break above this could signal the beginning of a short-term uptrend.

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