Litecoin, Monero, DASH Price Analysis: 03 August

Bitcoin and Ethereum’s minor southward actions have precipitated altcoins to battle as they continued to defend their rapid assist ranges with a purpose to keep away from retracing additional. Litecoin nonetheless held onto the essential assist stage whereas Monero was pictured above its resistance stage. DASH additionally headed downwards to breach its $149 assist stage. 

Litecoin (LTC)

Litecoin, Monero and DASH Price Analysis: August 3

LTC/USD, TradingView

LTC has been holding properly on its $137 assist stage, over the previous couple of days. At press time too, the coin was valued just a bit over $137. In a single day, LTC misplaced 4.00% of its worth, if it tanks additional, the subsequent assist area awaits at $128.

The technical evaluation reveals indicators of the coin plunging additional, because the Relative Power Index held itself properly above the centerline. Presently although, the coin dove into the bearish zone.

MACD additionally depicted rising crimson bars on the histogram, reaffirming the identical. Chaikin Cash Movement was nonetheless seen above the midline, which meant capital inflows had been extra as in comparison with capital outflows. 

Monero (XMR)

Litecoin, Monero and DASH Price Analysis: August 3

XMR/USD, TradingView

Regardless of XMR’s downfall in correspondence to the broader market’s motion, the coin nonetheless stands above the $230 because the coin was priced at $232.

If it breaches its assist stage of $230 it might fall to $215. Bearish stress is perhaps on the rise because the Superior Oscillator confirmed a strengthening of crimson sign bars. 

Relative Power Index dipped under the midline and entered into the bearish zone, Chaikin Cash Movement depicted that capital outflows surpassed inflows at press time. 


Litecoin, Monero and DASH Price Analysis: August 3

DASH/USD, TradingView

DASH got here again after touching its essential resistance stage of $170. At press time, the coin traded at $155 which was just some notches greater than its assist stage of $149. If it falls under $149, the next stage lies at $131.

On the upside, if the coin jumps again up from the present stage it might check $170 once more. During the last 24 hours, DASH declined by 3.7%.

Its technical outlook prompt {that a} additional decline may very well be anticipated because the studying on the Superior Oscillator confirmed elevated bearish drive.

Relative Power Index painted the identical picture because it registered a dip under the centerline. Bollinger Bands remained parallel with some divergence implying excessive fluctuations may not be in play. 

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