Litecoin, AAVE, Filecoin Price Analysis: 16 September


As Bitcoin and Ethereum slowly began to understand on their respective charts, many altcoins began to file features. The likes of Litecoin, AAVE, and Filecoin all surged over the past 24 hours.

Litecoin rose by 5.2%, aiming to safe a contemporary one-week excessive. AAVE, after surging over the previous three days, famous features of three.6% over the day, eyeing a break over its quick resistance.

Filecoin, lastly, hiked by 6.7% and will register a one-week excessive with its uptrend. 

Litecoin [LTC]

Litecoin, AAVE and Filecoin Price Analysis: 16 September

LTC/USD, TradingView

Litecoin hiked by 5.2% over the past 24 hours and was priced at $191.20. The quick overhead worth ceiling stood at $192.33 and LTC can topple that worth degree over the following few buying and selling periods. Extra worth ranges awaited the crypto at $207.34. Hitting the aforementioned worth degree would mark LTC’s one-week excessive. Buying and selling over the $207.34 worth degree might push LTC to retest the multi-month excessive degree of $231.58. 

Technicals for the coin remained bullish. MACD flashed inexperienced histograms. The Relative Power Index had a studying of 60. The Superior Oscillator pictured inexperienced sign bars that had been rising, suggesting that bullish worth motion will be anticipated over the following few buying and selling periods.

Litecoin’s worth was noticed to be above the 4-hour 20-SMA, indicating that momentum belonged with the consumers. 

Quite the opposite, the help degree lay at $163.38. 

Just lately, Walmart dismissed all claims of accepting Litecoin funds, confirming that the press launch was false. 

AAVE

Litecoin, AAVE and Filecoin Price Analysis: 16 September

AAVE/USD, TradingView

AAVE rose by 3.6% and was valued at $393.91. The alt noticed a pointy uptrend over the past 72 hours, with the crypto more likely to meet its resistance degree at $414.15. Breaking above the stated degree, it might try to retest its one-month excessive of $441.27.

AAVE’s worth was properly above its 4-hour 20-SMA – An indication of worth momentum being in favour of consumers. 

The outlook for the altcoin was optimistic too. The MACD was optimistic because the indicator noticed inexperienced histograms. The Relative Power Index was close to the 60-mark – An indication that purchasing energy existed available in the market. Chaikin Cash Move was within the bullish territory because the capital inflows had been optimistic. 

On the flip facet, if AAVE loses momentum, it might fall to $338.25. This may imply that the coin would commerce close to its one-week low. Extra help was discovered at $302.90. 

Filecoin [FIL]

Litecoin, AAVE and Filecoin Price Analysis: 16 September

FIL/USD, TradingView

FIL surged by 6.7% in 24 hours and was priced at $86.58. Fast resistance was at $92.10 and touching that degree would mark a one-week excessive for Filecoin. Toppling it could imply that the alt would retest its multi-month excessive of $117.53. Parameters flashed optimistic worth motion for Filecoin. 

The MACD flashed inexperienced histograms. The Relative Power Index was within the bullish zone as shopping for energy existed available in the market. Bollinger Bands diverged in a sign of excessive worth volatility. 

In case Filecoin’s worth swings downwards, the primary help degree awaited at $81.68. A fall from the aforementioned worth ground might pull the value near its one-month low of $65.80. 

In current information, Code Chain New Continent has introduced via its non-binding LOI to buy Filecoin Mining Property. 



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