Litecoin, XRP and Polkadot Analysis

Litecoin:

Litecoin (LTC) is decentralised money, free from censorship and open to all to send low cost private, secure, borderless payments to anyone, anytime, anywhere.

Currently trading at $217.41, Litecoin is up by 7.39%. In the previous week Litecoin ended the week up by 5.32% at $202.23. Starting off the day with an intraday low at$203.63 levels, Litecoin is currently at its intraday high and is rallying upwards breaking the yellow trendline. On an hourly chart, Litecoin rallied upwards till $219.19 levels, it will find major support at $212.13 levels. Litecoin is yet to test major resistance levels. With a bearish start to the day, Litecoin steered clear of major support levels and is back on the bullish run.

Market Indicators:

Hourly RSI: The hourly RSI is moving currently up towards 80 levels.

Fibonacci Retracement levels: 23.6%: $205.21, 38.2%: $208.05, 61.6%: $212.63

Major support level: $201.22

Major resistance level: $220.05

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Conclusion:

On the upside prices, will soon move towards $225 levels. The first major resistance sits at $220.05. In event of an extended rally upwards, the second major resistance sits at $221.08 levels. Barring an extended crypto rally, the first major resistance is likely to cap the upside. On the downside a fall below $212.59 levels, will bring the first major support level $ 208.05 38.2% Fib retracement level in play.

XRP

XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds.

XRP is currently trading at $1.2596 levels, up by 3.28%. XRP ended the previous week at a high of 9.53%. Without losing its momentum in the start of the week today, XRP started off with an intraday high of $ 1.2747 levels. XRP is currently rallying upwards at the time of writing. Leaving the major support and resistance levels untested early on XRP broke through the first major resistance level with a late intraday high.

On a daily chart the strong sell region extends between $1.2705 and $1.3009 levels. Contrarily, the strong sell region was between $1.2364 and $1. 2553 levels.

Market Indicators:

Hourly RSI: The hourly RSI is moving currently down towards 50 levels; it is likely to go even more down till 40 levels.

Fibonacci Retracement levels: 23.6%: $1.2635, 38.2%: $1.2693, 61.6%: $1.2787

Major support level: $1.2541

Major resistance level: $1.2940

https://in.tradingview.com/

Conclusion:

The first major support level sits at 1.2400, a fall below that would bring the second major support level at $1.2009 cushioning the breakout. On the upside, the resistance level sits at $1.2550, barring a broad-based crypto rally.

PolkaDot

Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network. PolkaDot is currently trading at $52.9653 up by 1.49%. On an hourly chart the coin is seen consolidating between $53.0319 and $54.2035 levels. PolkaDot started the day with an intraday low at $51.8065 levels before making any move. Looking at the current momentum PolkaDot is likely to breakout on the upside.

 Market Indicators:

Hourly RSI: The hourly RSI is moving currently towards 50 levels.

Fibonacci Retracement levels: 23.6%: $52.82, 38.2%: $53.0018, 61.6%: $53.2808

Major support level: $52.5415

Major resistance level: $54.4915

https://in.tradingview.com/

Conclusion

PolkaDot is looking mildly bullish. On a daily chart its strong sell range is between $53.7092 and $53.1243 and its major buy range between $51.7512 and $51.9363 levels.

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