{"id":2880,"date":"2021-12-26T06:33:09","date_gmt":"2021-12-26T06:33:09","guid":{"rendered":"http:\/\/egrowonline.com\/?p=2880"},"modified":"2021-12-26T06:33:09","modified_gmt":"2021-12-26T06:33:09","slug":"cardano-litecoin-near-price-analysis-25-december","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=2880","title":{"rendered":"Cardano, Litecoin, NEAR Price Analysis: 25 December"},"content":{"rendered":"


\n<\/p>\n

\n

The past few days marked Cardano\u2019s attempt to alter the broader outlook. But it needed to cross the $1.47-mark on increased volumes to counter its long-term bearish tendencies. While LTC saw a drop from the $167 level, it was yet to confirm a strong uptrend.\u00a0\u00a0<\/span><\/p>\n

Contrarily, NEAR showed no signs of slowing even after poking its ATH on 24 December. Now, the overbought RSI threat lurked around the corner.<\/span><\/p>\n

Cardano (ADA)<\/span><\/strong><\/h4>\n
\"\"<\/a><\/p>\n

TradingView, ADA\/USDT<\/p>\n<\/div>\n

On the 4-hour chart, ADA saw an ascending broadening wedge (white) after its bulls upheld the crucial 21-week support at the $1.2-mark. The price action bounced back from this level and breached its long-term trendline resistance (Green, since 9 November).\u00a0<\/span><\/p>\n

The alt saw a 23.29% ROI from the 20 December low until it saw a pullback from its immediate resistance at the $1.47-level on 24 December. This pullout found support at the lower trendline coinciding with the 20-<\/strong><\/span>S<\/strong>MA<\/span><\/strong>\u00a0(red).<\/span><\/p>\n

Regarding the strength of its recent uptrend, the\u00a0<\/span>OBV\u00a0<\/span><\/strong>wavered around the same level when the price was $1.2. Thus, keeping the possibility of a reversal alive.<\/span><\/p>\n

At press time, ADA traded at $1.426. The <\/span>RSI\u00a0<\/span><\/strong>skewed in favor of bulls after poking its six-week high on 24 December.\u00a0<\/span><\/p>\n

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

TradingView, LTC\/USDT<\/p>\n<\/div>\n

Following Bitcoin\u2019s jump, LTC noted an 8.44% incline on 23 December. This push propelled the alt to breach its previous oscillating range between the $143 and $156-mark. Thus, LTC (like ADA) breached its long-term trendline resistance (Green, since 15 November).\u00a0<\/span><\/p>\n

The bears definitely did not give a free hand as the price dropped from the $167-mark toward the 20-SMA (red). <\/span>The Volume Oscillator marked lower highs opposing the price action and suggesting a weak bullish move. <\/span><\/p>\n

At press time, LTC traded at $161.7. The <\/span>RSI\u00a0<\/span><\/strong>found support near the half-line and flashed a bullish bias. Moreover, the <\/span>DMI\u00a0<\/span><\/strong>lines depicted a marginal bullish preference but a weak directional trend.\u00a0<\/span><\/p>\n

Near Protocol (NEAR)<\/span><\/strong><\/h4>\n
\"\"<\/a><\/p>\n

TradingView, NEAR\/USDT<\/p>\n<\/div>\n

After oscillating in a down-channel, NEAR broke out of the double-bottom formed over the past eight days. It jumped by a staggering 82.76% from the 20 December low and poked its ATH at $15.9 on 24 December.<\/span><\/p>\n

The alt found a strong $8.2-level support as the price bounced back from it and entered into price discovery. The alt saw a swift upturn after crossing the crucial $9.5-level. <\/span><\/p>\n

At press time, the alt traded above its 20-50-200 SMA<\/strong> at $15.119. The unusually found support near the overbought region, depicting an extremely strong bullish influence. Also, the <\/span>DMI\u00a0<\/span><\/strong>reaffirmed the previous analysis. However, the\u00a0<\/span>Volume Oscillator<\/span><\/strong> marked lower highs over the past three days.<\/span><\/p>\n<\/div>\n


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

The past few days marked Cardano\u2019s attempt to alter the broader outlook. But it needed to cross the $1.47-mark on increased volumes to counter its long-term bearish tendencies. While LTC saw a drop from the $167 level, it was yet to confirm a strong uptrend.\u00a0\u00a0 Contrarily, NEAR showed no signs of slowing even after poking […]<\/p>\n","protected":false},"author":1,"featured_media":2881,"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":[14,266,806,199,195],"class_list":["post-2880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-analysis","tag-cardano","tag-december","tag-litecoin","tag-price"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/quantitatives-io-3mUEz2x5H8Y-unsplash-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2880","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=2880"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2880\/revisions"}],"predecessor-version":[{"id":2882,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2880\/revisions\/2882"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/2881"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2880"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}