{"id":15745,"date":"2022-05-04T08:10:27","date_gmt":"2022-05-04T08:10:27","guid":{"rendered":"http:\/\/egrowonline.com\/?p=15745"},"modified":"2022-05-04T08:10:27","modified_gmt":"2022-05-04T08:10:27","slug":"litecoin-decentraland-uniswap-price-analysis-04-may","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=15745","title":{"rendered":"Litecoin, Decentraland, Uniswap Price Analysis: 04 May"},"content":{"rendered":"


\n<\/p>\n

\n

The altcoin market posted relatively high losses in the past few hours as Bitcoin<\/a> saw a brief dip beneath the $38k mark, to post a low of $37.5k. This sent a ripple of fear across the market, but Bitcoin was attempting to flip $38k back to support at the time of writing.<\/p>\n

Litecoin<\/a>, MANA<\/a>, and Uniswap<\/a> posted gains of around 3% during this bounce, but their market structure still had a bearish bias. Now, the question is- Can they break past the imminent resistance levels over the next 12 hours?<\/p>\n

Litecoin (LTC)<\/h4>\n
\"Litecoin,<\/a><\/p>\n

Source: LTC\/USDT on TradingView<\/p>\n<\/div>\n

In yellow is highlighted a range Litecoin has formed over the past few days. The mid-point of this range at $98 has served as support, and at press time Litecoin was climbing toward the $101 resistance level.<\/p>\n

It would be a bullish development if LTC can climb past $102 and retest the $100-$101 as support. However, even though the MACD formed a bullish crossover and was on the verge of crossing back above the zero line, a breakout might not lead to further gains.<\/p>\n

While LTC has traded within this range, the OBV was on a downtrend to show selling volume to be stronger than buying. Hence, rather than accumulating, market participants were selling the retests of $101.<\/p>\n

Decentraland (MANA)<\/h4>\n
\"Litecoin,<\/a><\/p>\n

Source: MANA\/USDT on TradingView<\/p>\n<\/div>\n

On the 2-hour chart, we can see MANA form a falling wedge pattern and fall to the $1.3 demand zone (cyan box). Since this drop, the price has formed lower timeframe higher lows, and higher highs.<\/p>\n

Once more, the MACD was on the verge of showing a buy signal, and it could show strong bullish momentum if MANA can manage to push past $1.6. However, the A\/R line did not show strong buying volume in the past couple of days.<\/p>\n

Therefore, it was possible that MANA would revisit the $1.3 demand zone once more.<\/p>\n

Uniswap (UNI)<\/h4>\n
\"Litecoin,<\/a><\/p>\n

Source: UNI\/USDT on TradingView<\/p>\n<\/div>\n

Uniswap also formed a range (yellow) on the charts, with the lows and highs at $6.69 and $7.2 respectively. At press time, the mid-point of the range at $6.94 served as resistance. The RSI was at neutral 50, and momentum did not favor either side.<\/p>\n

The CVD continued to post red bars to highlight the dominance of the sellers. The Fibonacci levels plotted for the drop from $8.36 to $6.53 showed that a retest of $7.66 is a selling opportunity.<\/p>\n<\/p><\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The altcoin market posted relatively high losses in the past few hours as Bitcoin saw a brief dip beneath the $38k mark, to post a low of $37.5k. This sent a ripple of fear across the market, but Bitcoin was attempting to flip $38k back to support at the time of writing. Litecoin, MANA, and […]<\/p>\n","protected":false},"author":1,"featured_media":15746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[43],"tags":[14,524,199,195,2530],"class_list":["post-15745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-analysis","tag-decentraland","tag-litecoin","tag-price","tag-uniswap"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/PA-1-cover-1-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15745"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15745\/revisions"}],"predecessor-version":[{"id":15747,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15745\/revisions\/15747"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/15746"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15745"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}