Litecoin, Neo, Augur Worth Evaluation: April sixth

Litecoin was nearing a critical resistance level at $ 228.92 and a successful breakout could push the price above $ 245. Neo was trading at multi-year highs and showed no signs of stopping its uptrend. Eventually Augur was made to break above USD 44.37 and the USD 50 level could be possible in the next trading sessions.

Litecoin [LTC]

Source: LTC / USD, TradingView

Over the 4 hour period, Litecoin envisioned a bullish move as it neared the crucial $ 228.92 barrier. A break above this point would push the LTC north from $ 245, a level last seen before the late February retreat. The move was also in line with recent expectations as trading volume on spot exchanges saw a surge in demand for the world’s ninth largest cryptocurrency.

The OBV showed a buy around the $ 170 mark, with the alt bouncing back to February 20 levels. The ADX pointed north from 25 as the bulls strengthened in the market. 24-hour trading volume rose north of $ 5 billion and was up 74% at the time of writing.

Neo [NEO]

Source: NEO / USD, TradingView

Neo’s breakout of the $ 46.2-37.9 range catapulted the price towards $ 64 – a level last seen in May 2018. Gains for the past seven days have now exceeded 42%, underscoring a strong bull market after a rather subdued month in March.

Although the RSI acted in the overbought area, pointing north and suggesting a late stop in the upper zone. Meanwhile it is MACD The line continued to move above the signal line, with the histogram showing an upward trend. There has been some resistance around the $ 65 mark, but a stronger barrier is around $ 69. If the bears hold on to this level, expect a pullback of $ 60.

augur [REP]

Source: REP / USD, TradingView

Augur maintained its climb on the 4 hour chart and the bulls were about to test a strong resistance level at $ 44.37. On the previous attempt, the bears refused to break out and pushed REP down to $ 30.4. However, the on-chain metrics favored a successful breakout on this occasion.

The RSI was not yet at its peak in the upper zone, indicating additional gains in the upcoming sessions. The Ingenious oscillator recovered from a bearish double peak setup and resumed movement around the equilibrium point. A breakout could go as high as $ 50 or even $ 60 if the indicators hold their position.

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