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- 1 Litecoin price was up 0.14% in the past 24 hours and currently trades at $68.982.
- 2 Shiba Inu crypto is at $0.0000096, recording a swift Intraday gain of 0.64%.
- 3 Starknet price dropped nearly 1.91% intraday and was at $1.86 at the time of writing.
Litecoin crypto is moving back and forth and contacting its range thus forming a symmetrical triangle pattern. The crypto is at a make or break level and register a breakout soon.
Shiba Inu price shows swift Intraday gains of 0.64% and has been maintaining itself at the higher levels for the last several sessions suggesting a possible resumption of a bullish wave.
Starknet crypto has been in a free fall for the last three sessions. The price dropped nearly 38% in the last three sessions. Furthermore, the trio shows mixed signals of bullishness, uncertainty and bearishness.
Technical Overview of Litecoin, Shiba Inu And Starknet Crypto In Daily Chart
Shiba Inu Crypto Sustains The Breakout
Shiba Inu Crypto holds higher above the 20 and 50-Day EMAs, suggesting the price is sustaining the breakout. Recently, the SHIB crypto witnessed a breakout of a descending triangle pattern and turned positive.
Earlier, the SHIB price peaked near $0.0000116 and dropped lower breaking the 20 and 50-Day EMAs. The price entered a short term correction phase in the last week of December and dropped lower suffering rejection from an upper trendline resistance.
Recently, Shiba Inu price bottomed out near the 200-Day EMA and reversed its course. The price broke above the trendline resistance and currently sustains near the breakout zone.
On the upside, the recent hurdle for the buyers is at $0.0000099. Fresh upside moves may be observed if the price breaks above it. The short-term correction phase has ended.
Now, any breakout on the higher side may validate the formation of a higher low and the crypto may continue in an upward trajectory. Short-term traders and investors may target higher levels of $0.10 and $0.11.
Litecoin Price Hovers At A Make or Break Level: Breakout Soon?
Litecoin price has been trading lower consecutively for the last three sessions and has reached the lower boundary of the symmetrical triangle pattern. For the last several sessions, the crypto has been contracting its range from both the higher and lower levels thus forming a symmetrical triangle pattern.
The technical indicators imply a sideways outlook as the price shows frequent crossover of the key Exponential moving averages. Currently, the price has reached a make or break level and register a breakout or breakdown soon.
Now, fresh upside moves may be observed on the charts if the price breaks above the upper boundary of the symmetrical triangle pattern and the recent supply zone of $73 level. It may validate the termination of a correction phase and initiation of a new bullish wave which may take the price near the higher levels of $80 and $85.
Moreover, any breakdown below the lower boundary of the symmetrical triangle pattern may drag the price to the lower levels of the $60 and $55.
Starknet Crypto Started Its Journey On A Negative Note.
Starknet Crypto extended its journey towards the south for the third consecutive session. The STRK crypto failed to attract buyers and currently trades at $1.86 with an Intraday loss of 1.91%.
Moreover, the crypto started its journey on February 20th at an opening price of $3.00 as per the data obtained from TradingView. The sellers established their presence from the very start and dragged the price near $2 thus losing nearly 30% of its value.
In the later sessions also, the bears continued to dominate. However, the downward momentum is easing, which might bring an opportunity for the buyers. Fresh buying opportunities may be observed if the price surpasses $3.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
