{"id":9384,"date":"2022-03-01T19:43:45","date_gmt":"2022-03-01T19:43:45","guid":{"rendered":"https:\/\/egrowonline.com\/?p=9384"},"modified":"2022-03-01T19:43:45","modified_gmt":"2022-03-01T19:43:45","slug":"algorand-cronos-litecoin-price-analysis-01-march","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=9384","title":{"rendered":"Algorand, Cronos, Litecoin Price Analysis: 01 March"},"content":{"rendered":"


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While the global crypto market poked above the $2 Trillion-mark, Algorand\u2019s 20 EMA moved above its 50 EMA. But it faced a strong hurdle near the 23.6% Fibonacci level. Further, Cronos saw an ascending triangle breakout but struggled to topple its trendline resistance.\u00a0<\/span><\/p>\n

Interestingly, Litecoin formed a bullish pattern on its 4-hour chart while the bulls needed to defend the $111-mark to confirm its strength.<\/span><\/p>\n

Algorand (ALGO)<\/span><\/strong><\/h4>\n
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Source: TradingView, ALGO\/USD<\/p>\n<\/div>\n

The January sell-off fueled the already existent bearish tendencies of ALGO. As a result, the alt lost nearly 61.5% of its value (from 5 January) and poked its seven-month low on 24 February.<\/span><\/p>\n

As the $0.68-mark support stood strong, the alt saw a rising wedge (white) recovery. But it still faced a barrier at the 23.6% Fibonacci level to confirm a strong recovery. Now, with the 20 EMA (green) trying to find a sustained close above the 50 EMA (red), the bulls displayed their increasing influence.<\/span><\/p>\n

At press time, ALGO was trading traded at $0.8624. The <\/span>RSI\u00a0<\/span><\/strong>stood at the 58-mark after assuming an up-channel trajectory. If the sellers fail to defend the 61-resistance, a further recovery toward the overbought region would be probable.\u00a0<\/span><\/p>\n

Cronos (CRO)<\/span><\/strong><\/h4>\n
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Source: TradingView, CRO\/USD<\/p>\n<\/div>\n

Since losing the $0.53-mark as support, CRO has managed to find a floor at $0.33 while ensuring the ceiling at the $0.53-level. In the downtrend phase, it lost nearly half its value and hit its two-month low on 22 January.<\/span><\/p>\n

Over the past few days, after breaking out of the down-channel (white), the bulls started to exert pressure by marking higher troughs. As a result, CRO witnessed an ascending triangle breakout. But this breakout halted at the trendline resistance (yellow, dashed). Now, any retracements would find support testing grounds in the $0.42-range.<\/span><\/p>\n

At press time, CRO traded at $0.4374. The <\/span>RSI\u00a0<\/span><\/strong>grew in an up-channel (yellow) while revealing a bullish edge. Any close below the 61-level could cause a further pullback.\u00a0<\/span><\/p>\n

Litecoin (LTC)<\/span><\/strong>\u00a0\u00a0<\/span><\/h4>\n
\"\"<\/a><\/p>\n

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

LTC\u2019s previous rally from January lows halted near the $143-resistance. As a result, it reversed and lost over 37% of its value and plunged toward its 14-month low on 24 February.<\/span><\/p>\n

As a result, the bears flipped the vital $105-mark from support to resistance. In the last few days, LTC saw an inverse head and shoulder pattern on its 4-hour chart. But its breakout was shunned by the $114-mark. The buyers needed to step in at the $111-level to prevent a further downfall.<\/span><\/p>\n

At press time, LTC was trading at $111.9. The <\/span>RSI<\/span><\/strong> still hovered above the half-line. The 57-mark would be crucial for the bulls to defend and confirm a further recovery.<\/span><\/p>\n<\/p><\/div>\n


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

While the global crypto market poked above the $2 Trillion-mark, Algorand\u2019s 20 EMA moved above its 50 EMA. But it faced a strong hurdle near the 23.6% Fibonacci level. Further, Cronos saw an ascending triangle breakout but struggled to topple its trendline resistance.\u00a0 Interestingly, Litecoin formed a bullish pattern on its 4-hour chart while the […]<\/p>\n","protected":false},"author":1,"featured_media":9385,"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":[529,14,5736,199,1812,195],"class_list":["post-9384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-algorand","tag-analysis","tag-cronos","tag-litecoin","tag-march","tag-price"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/03\/Untitled-designggggg-1000x600.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/9384","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=9384"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/9384\/revisions"}],"predecessor-version":[{"id":9386,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/9384\/revisions\/9386"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/9385"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9384"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}