Bitcoin $106,616.75‘s (BTC) to 110 thousand dollars in the crypto currency market hopes, while the eyes are now translated into other major Altcoins. However, Ethereum (ETH) 
$2,544.43Litecoin 
$95.62 (LTC) and Quant (QNT) leading such as altcoin‘s are still difficult to overcome the level of key resistance. Ethereum cannot exceed the threshold of 2,600 dollars, while the price of Litecoin and Quant is stuck below $ 100. This picture revealed the question of mi Is a new rally or a decrease deepening ”among the investors.
Litecoin price is approaching critical support
LitecoinIn the first quarter of the year, he broke the horizontal course and gave signs of ascension. However, this mobility took short and the price fell below $ 100 again. Currently, bulls are trying to recover with the formation of the V -shaped formation, but bears are suppressing this effort. In particular, the market, which makes a weak start next week, indicates that LTC may be open to a greater decrease in its broad time period.
According to graphic data Litecoin price2022 has been moving in the rising channel since the market. However, in recent weeks, this channel’s efforts to cross the middle band have failed. Technical indicators also give alarm. The 50 and 200 -day moving averages have not yet been able to create a “Golden Cross” and Directional movement index (DMI) gives a decrease signal. In this scenario Ltc coinThe probability of withdrawing the price of the price to $ 75 is increasing. This level can be a critical support point for a new recovery.
Altcoin Quant is preparing to get out of the horizontal course
Altcoin Quant Although he made an increase of 60 percent in the last period, he could not maintain this acceleration. QNT, which has been stuck in a horizontal price range in recent weeks, is progressing without making a strong direction determination. This static cruise shows that buyers remain weak, while the price is at the risk of hanging up to $ 80 again. However, this consolidation may also be a sign of the accumulation phase.
According to graphical analysis Bollinger bandsThe contraction of the shrinkage indicates that volatility is approaching. This means that there may be a harsh price movement soon. On the other hand Chaikin money flow (CFI) indicator is directed to average levels. This shows that the flow of fresh capital is weakened. QNT Coin The direction of the price will determine whether the upward break or decrease due to the volume increase. In case of upward breakdown, the $ 111 level can be targeted.
Looking at the current market structure, Litecoin and Quant need a serious purchase volume to break the $ 100 threshold. Exceeding these levels depends on the return of the general atmosphere in the market to the positive.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
