{"id":8760,"date":"2022-02-23T12:45:09","date_gmt":"2022-02-23T12:45:09","guid":{"rendered":"http:\/\/egrowonline.com\/?p=8760"},"modified":"2022-02-23T12:45:09","modified_gmt":"2022-02-23T12:45:09","slug":"litecoin-tron-sand-price-analysis-22-february","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=8760","title":{"rendered":"Litecoin, TRON, SAND Price Analysis: 22 February"},"content":{"rendered":"


\n<\/p>\n

\n

As the broader market witnessed a 24-hour plunge, Litecoin lost the $105-level and depicted oversold readings on its 4-hour RSI. Furthermore, SAND\u2019s decline found a floor at the $2.8-mark before showing some recovery signals. Also, Tron saw a bullish divergence with its RSI while the 38.2% Fibonacci resistance stood sturdy.<\/span><\/p>\n

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

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

LTC\u2019s previous 47.9% rally from its 13-month low halted near the 23.6% Fibonacci resistance. As a result, it reversed and lost over 28% of its value to date.\u00a0<\/span><\/p>\n

The alt witnessed a down-channel (white) on its 4-hour chart. As a result, the bears flipped the vital $105-mark from support to resistance. During this phase, the\u00a0<\/span>20 EMA<\/span><\/strong>\u00a0(red) stood as strong resistance while LTC broke down of the channel. Any bullish comebacks find a testing point near the $105-mark. <\/span><\/p>\n

At press time, LTC was trading at $102.7. The <\/span>RSI<\/span><\/strong>\u00a0still hovered near the oversold region. A sustained close above this level would brace it for a 39-mark retest. The\u00a0<\/span>AO\u00a0<\/span><\/strong>reaffirmed the bearish vigor after multiple bearish engulfing candlesticks over the last day.<\/span><\/p>\n

Tron (TRX)<\/span><\/strong><\/h4>\n
\"\"<\/a><\/p>\n

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

TRX witnessed a substantial 30% drop from (20 January) and touched its six-month low mark on 24 January. Since then, the alt recovered in an ascending channel (yellow) on its 4-hour chart.<\/span><\/p>\n

It registered a nearly 40% gain to retest the 61.8% Fibonacci resistance on 10 February. Since testing this level, it saw a pullback while breaking out of the pattern. Since then, the bears breached the $0.06-mark while the alt saw a down-channel (white). Any close above the $0.06-level could propel a retest of the upper trendline of the down-channel.<\/span><\/p>\n

At press time, TRX traded at $0.06035. The <\/span>RSI\u00a0<\/span><\/strong>moved sideways in the last five days while the price action steeply declined. Thus, forming a hidden bullish divergence. A close above 39-resistance would be crucial for a strong recovery phase.<\/span><\/p>\n

The Sandbox (SAND)<\/span><\/strong><\/h4>\n
\"\"<\/a><\/p>\n

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

The alt saw an over 90% ROI from its two-month low on 22 January until the $4.8-level. The rally after the up-channel breakdown could not breach this mark as the bears stepped in.<\/span><\/p>\n

Since then, SAND has tested its three-week trendline support (yellow) until breaching it on 13 February. It flipped the $3.5-level from support to immediate resistance. The immediate testing point for the bulls stood near the\u00a0<\/span>20 EMA<\/span><\/strong>\u00a0(red).\u00a0<\/span><\/p>\n

At press time, SAND was trading at $3.0433. The <\/span>RSI\u00a0<\/span><\/strong>steeply dropped toward the 25-mark. The recent revival snapped its trendline resistance and eyed to challenge the 38-mark. With the gap between\u00a0<\/span>DMI<\/span><\/strong>\u00a0lines decreasing, the bullish revival hopes in the near term were still alive.<\/span><\/p>\n<\/p><\/div>\n


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

As the broader market witnessed a 24-hour plunge, Litecoin lost the $105-level and depicted oversold readings on its 4-hour RSI. Furthermore, SAND\u2019s decline found a floor at the $2.8-mark before showing some recovery signals. Also, Tron saw a bullish divergence with its RSI while the 38.2% Fibonacci resistance stood sturdy. Litecoin (LTC) Source: TradingView, LTC\/USDT […]<\/p>\n","protected":false},"author":1,"featured_media":8761,"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":[14,4542,199,195,2567,312],"class_list":["post-8760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-analysis","tag-february","tag-litecoin","tag-price","tag-sand","tag-tron"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/quantitatives-io-gE37YeNjS3Q-unsplash-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8760","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=8760"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8760\/revisions"}],"predecessor-version":[{"id":8762,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8760\/revisions\/8762"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/8761"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8760"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}