XRP, IOTA, Litecoin

XRP (XRP)

For the past 24-hours, XRP (XRP) has been trading in a range between $0.309 and $0.314.  Volumes have been relatively low too, an indicator that the market could move in any direction. As such, to trade in XRP (XRP), it would be best to wait for a clear break outside of this range. If it breaks outside of this range to the upside and extends above the 3-day high of $0.320, it would be a signal to go long. A long position at this level would have a good exit point at $0.325. This is a key resistance point for XRP on the 3-hour 200-day MA. In the event that XRP (XRP) pushes above this resistance, it could possibly test $0.345. This is a major resistance point for XRP on the 6-hour 200-day MA. It could also mark the beginning of a short-term bull rally for XRP (XRP).

On the flipside, if XRP (XRP) drops below the lower price range at $0.309, it would be a signal to go short with a target of $0.292. This is a key support level for XRP (XRP), and a possible exit point from a 24-hour short position.

IOTA (MIOTA)

IOTA (MIOTA) has been trading sideways for the past 72-hours. This is an indicator that neither bulls nor bears have full control of the market. To go long on IOTA (MIOTA) it would be best to wait for a clear upside break, one that pushes IOTA (MIOTA) above the 1-hour 200-day MA at $0.267. This would be a signal to go long on IOTA (MIOTA) with a target of $0.297. This is a key resistance level for IOTA (MIOTA) on the 3-hour 200-day MA.

On the other hand, if IOTA (MIOTA) breaks out to the downside and pushes below $0.251, which is a key support level for IOTA (MIOTA), it would be a signal to go short with a target of $0.214. This is a major support level for IOTA (MIOTA), and a possible bottom for IOTA (MIOTA).

Litecoin (LTC)

Litecoin (LTC) has been on an uptrend for the past 48-hours. In the last 24-hours, it has entered a consolidation phase, trading between $33.28 and $33.84. To trade in Litecoin (LTC), it would be best to wait for a clear break above $33.84 with high volumes. This would be a signal to go long with a target of $40.74. This is a key resistance level for Litecoin (LTC) on the 6-hour chart, and a possible exit point in the day.

On the flipside, if Litecoin (LTC) drops below $33.28 with high volumes, it would be a signal to go short on Litecoin (LTC) with a target of $32.48. This is a key support level for Litecoin (LTC) on the 1-hour 200-day MA. If it breaks below this level, it could possibly test $31.50. This is the next key support level for Litecoin (LTC) in the next 24-hours. It could also mark a short-term bottom for Litecoin (LTC), and the beginning of a bull run. This is quite possible when the upcoming Litecoin (LTC) halving in August is put into consideration.

LEAVE A REPLY

Please enter your comment!
Please enter your name here