As Litecoin struggled to climb above its current resistance and sellers pushed the price towards the $ 133.03 support. On the VeChain side, buyers are struggling to maintain price control and the struggle continues.
Litecoin (LTC) price analysis
Most of Litecoin’s gains since the beginning of the month were erased after the Bitcoin correction dragged LTC to the $ 124.7 support. LTC’s weekly decline of over 22%, with the largest decline among the top 10 cryptocurrencies by market cap. Currently, the price of LTC is between $ 133.03 and $ 150.2, and the drop is noticeable. On the other hand, a wider market rally could push the price above the upper ceiling and push it to $ 155.5.
The Relative Strength Index is moving down from the neutral zone as a sign that prices are going down.
He stated that the price may remain in a limited range in the next few sessions as the Bollinger Bands are tight.
VeChain (VET) price analysis
VeChain tested this level once again after breaking through the $ 0.026 resistance. For now, sellers seem in control and the price is back to support at $ 0.024. On the other hand, a bullish scenario could push the price towards the next resistance mark at $ 0.030.
Although the Awesome Oscillator posted a two-point drop, it showed a potential momentum shift towards the market bears.
Finally, Chaikin Money Flow shows that capital inflows can prevent prices from falling below current support levels.