Bitcoin price continues to be consolidated at the $ 33,000 price level. The same has been seen in the altcoin market over the past few days. Last week, price movements for popular altcoins such as Litecoin and Dogecoin were limited to a narrow range.


Litecoin (LTC) price analysis

Litecoin witnessed a small drop of over 1 percent last week. The coin is currently trading at $ 140 and seems to have lost most of its bullish momentum. Last week, LTC price was primarily trading between the $ 159 resistance and the $ 129 support, according to the 1-day Litecoin chart. However, if the bulls take over, LTC may also need to deal with strong resistance in the $ 180 price range to feed a new ATH target.

Technical indicators such as the MACD indicator and RSI are currently bearish. The MACD indicator is bearish and a reversal does not seem to be imminent. The RSI is also moving away from the neutral zone towards the oversold zone.

Dogecoin (DOGE) price analysis

Dogecoin saw a lot of volatility in price action at the beginning of the year. But this has changed dramatically over the past week. DOGE is currently trading at $ 0.0089 and has a market capitalization of over $ 1.1 billion. If the coin sees another bullish trend, it must first break through the strong resistance of $ 0.0099. In case of a correction, the coin can rely on the $ 0.0076 support level.

See Also
Litecoin: How was the year 2020? What to Expect

Bollinger Bands are showing the sharp decline in volatility as both groups converge on price. The MACD indicator is also bearish after a bearish trend a few days ago.

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