{"id":3514,"date":"2022-01-01T13:46:48","date_gmt":"2022-01-01T13:46:48","guid":{"rendered":"http:\/\/egrowonline.com\/?p=3514"},"modified":"2022-01-01T13:46:48","modified_gmt":"2022-01-01T13:46:48","slug":"shiba-inu-litecoin-near-price-analysis-31-december","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=3514","title":{"rendered":"Shiba Inu, Litecoin, NEAR Price Analysis: 31 December"},"content":{"rendered":"


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The past few days witnessed a bullish recovery attempt while the market-wide sentiment<\/a> exhibited a bearish inclination. <\/span>Shiba Inu struggled to cross the 20 SMA and found it difficult to cope after losing the $0.000035 level. Litecoin followed Bitcoin\u2019s trajectory but failed to back it up with trend-altering volumes.\u00a0<\/span><\/p>\n

On the other hand, after striking its ATH on 27 December, NEAR continued to trade above its 20-50-200 SMA.<\/span><\/p>\n

Shiba Inu (SHIB)<\/span><\/strong><\/p>\n

\"\"<\/a><\/p>\n

Source: TradingView, SHIB\/USD<\/p>\n<\/div>\n

After re-claiming, SHIB bulls again flipped the crucial $0.000035 nine-week support to its immediate resistance. This level also concurred with the 20-SMA (red). <\/span>Post a down-channel breakdown, the alt found long-term support at the $0.000029-mark.\u00a0<\/span><\/p>\n

Accordingly, the price action saw a 39.12% jump from this level and poked its three-week high on 24 December. The $0.0000378-level showed a strong resistance as the price action saw a pullback after testing it multiple times over the past week.\u00a0<\/span><\/p>\n

SHIB needed a sustained close above its 50% Fibonacci support to confirm the strength of the falling wedge breakout.<\/span><\/p>\n

At press time, SHIB traded at $0.00003387. The <\/span>RSI\u00a0<\/span><\/strong>swayed near the 38-mark. Further, the\u00a0<\/span>DMI\u00a0<\/span><\/strong>favored the sellers and confirmed RSI\u2019s preference. While the price moved near its Point of Control (red), a near-term trend commitment seemed unlikely.<\/span><\/p>\n

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

\"\"<\/a><\/p>\n

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

After breaching its oscillating range between the $143 and $156-mark for a brief time, LTC obliged its one-month resistance at the $167-level. Thus,\u00a0<\/span>It saw a pullback in a down-channel (white) on its 4-hour chart. This trajectory correlated with Bitcoins\u2019 down-channel over the past week.<\/span><\/p>\n

The bulls upheld the $143 support level for nearly five months now while the bears kept retesting it multiple times. Now, as see a down-channel breakout, the bulls are testing the upper channel and the 20-SMA (red).\u00a0<\/span><\/p>\n

At press time, LTC traded at $151.7. The <\/span>RSI\u00a0<\/span><\/strong>crossed the half-line after marking higher peaks and troughs. Also, the\u00a0<\/span>MACD\u00a0<\/span><\/strong>histogram crossed the zero-level, indicating increasing bullish power.\u00a0<\/span><\/p>\n

However, the pullback volumes have been higher than the incline volumes hinting at a weak bullish motion. Additionally, the\u00a0<\/span>OBV\u00a0<\/span><\/strong>did not mark a corresponding spike in its trajectory.\u00a0<\/span><\/p>\n

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

\"\"<\/a><\/p>\n

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

After oscillating in a down-channel, NEAR broke out of the double-bottom formed its 4-hour chart. It jumped by a staggering 99.76% from the 20 December low and poked its ATH at $16.49 on 27 December. Then after forming a bearish divergence between the RSI and price action, it pulled out by nearly 20% but found support at the bullish trendline (white).<\/span><\/p>\n

At press time, the alt traded above its\u00a0<\/span>20-50-200 SMA<\/span><\/strong> at $15.498. This price was near its immediate $15.46-resistance (previous).<\/span><\/p>\n

The RSI<\/strong> constantly marked higher lows and depicted bullish preference. Also, the\u00a0<\/span>DMI\u00a0<\/span><\/strong>reaffirmed the previous analysis. Further, the\u00a0<\/span>MACD<\/span><\/strong>\u00a0confirmed RSI\u2019s conclusion. However, the\u00a0<\/span>Volume Oscillator<\/span><\/strong>\u00a0marked lower highs over the past three days.<\/span><\/p>\n<\/div>\n


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

The past few days witnessed a bullish recovery attempt while the market-wide sentiment exhibited a bearish inclination. Shiba Inu struggled to cross the 20 SMA and found it difficult to cope after losing the $0.000035 level. Litecoin followed Bitcoin\u2019s trajectory but failed to back it up with trend-altering volumes.\u00a0 On the other hand, after striking […]<\/p>\n","protected":false},"author":1,"featured_media":3515,"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":[14,806,253,199,195,252],"class_list":["post-3514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-analysis","tag-december","tag-inu","tag-litecoin","tag-price","tag-shiba"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/smiley-gca7b5ec49_1280-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3514","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=3514"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3514\/revisions"}],"predecessor-version":[{"id":3516,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3514\/revisions\/3516"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/3515"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3514"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}