Bitcoin Cash, Litecoin and Axie Price Analysis: 29 August

Bitcoin Money and Litecoin registered good points following the recoveries famous by Bitcoin and Ethereum. BCH gained a considerable 7.5% whereas eyeing the following worth ceiling at $722.90. Litecoin, after recording a 2.7% enhance, traded close to its $180.87 resistance mark.

Some altcoins, nevertheless, displayed consolidation on their respective charts. For example, AXS declined 0.8% and exhibited constricted worth motion. 

Bitcoin Money (BCH)

Bitcoin Cash, Litecoin and Axie Price Analysis: 29 August

BCH/USD, TradingView

BCH was buying and selling at $668.71 after it logged a 7.5% acquire over the past 24 hours. A continued uptrend might push BCH to retest the $722.90 resistance mark. Technical parameters present bullishness available in the market. 

Relative Power Index stood at 60, in bullish territory. Inexperienced bards on MACD‘s histogram grew, indicative of optimistic worth motion. Chaikin Cash Move remained above the half-line. 

Within the case of BCH failing to maintain on the present worth degree, costs would land at $624.30 after which at $582.12 respectively. 

Litecoin (LTC)

Bitcoin Cash, Litecoin and Axie Price Analysis: 29 August

LTC/USD, TradingView

Litecoin climbed 2.7% over the past 24 hours and was priced at $175.86. It eyed the quick worth ceiling of $180.87, toppling which, the coin might try to check the $193.70 mark. Indicators signaled optimistic worth motion for LTC. 

Relative Power Index was seen above the 50-mark, inside the bullish zone. Superior Oscillator continued to flash inexperienced indicators. MACD additionally depicted inexperienced bars on its histogram, affirming the above readings. 

If consumers lose power available in the market, LTC might fall and relaxation on $161.19 after which on the $148.33 worth ground. 

Axie Infinity (AXS)

Bitcoin Cash, Litecoin and Axie Price Analysis: 29 August

AXS/USD, TradingView

Axie declined by 0.7% and demonstrated consolidation, costs stood at $73.02. Bollinger Bands, in congruence to the identical, additionally displayed constriction. The range-bound motion might trigger Axie to oscillate between $79.71 and $68.62. 

Relative Power Index signaled that purchasing power hadn’t fizzled out fully because the indicator stood above the 50-mark.

MACD flashed smaller inexperienced bars on its histogram in accordance with a downward range-restricted worth motion. A break on the upside might trigger AXS to commerce close to its $79.71 resistance mark.

Source link

By Xnode24

Leave a Reply

Your email address will not be published.