Price Analysis Of Lit, Rune And Curve!

LIT ANALYSIS: JULY, 2021

Technical:

Lit coin is built on an advanced platform. It inherits the best features of all the blockchain technologies. Here’s the price analysis of Lit coin.

Lit coin is trading at $2.55. It is trading near its demand zone on the daily time frame. The demand zone ranges from $2.01 to $2.43. After a huge fall, the coin has been consolidating between a small range of $2.50 and $4.11 for many weeks.

A break on either side will give a huge movement. Investors must keep a close watch in order to catch the movement.

The coin is said to be in a bearish trend as it is trading below the 50-day exponential moving average. The 200-day exponential moving average does not exist since the coin is newly invented.

There have been sudden surges in bullish volumes but they failed to follow up. After every significant buying volume, there are consecutive bearish volumes pushing the coin down.

Lit analysis
Source: tradingview

Market Sentiment:

The Relative Strength Index is showing mild price strength for the coin. It has given a positive divergence from its lower trendline. The RSI is currently positioned at 44.95.

The MACD is above the signal line, giving a ‘buy’ call to investors.

The price analysis of Lit is hinting at a possible bullish move.

Lit RSI MACD
Source: tradingview

Conclusion:

On the breakdown and close below $1.98, $0.91 and $0.27 are the targets on the downside. The breakdown of the support zone could trigger a massive bearish trend.

On the breakout and close above $4.75, $5.99 and $7.24 are the targets on the upside.

The price analysis of Lit suggests that until either side is broken, Litentry coin is likely to remain in a sideways trend.

RUNE ANALYSIS: JULY, 2021

Technical:

Thorchain (Rune) is a decentralized liquidity network. Here’s the price analysis of Thorchain.

Thorchain is trading at $6.16. It has been forming an inverted flag and pole pattern on the daily time frame. This pattern is essentially a bearish pattern. In addition to that, it is near the lower trendline of the flag. A break of that level can confirm the continuation of the bearish trend.

Another bearish indication is that it is trading below its 50-day and 200-day exponential moving average. The 200-day moving average is converging with the upper trendline of the flag.

The volumes are alternatively bearish and bullish. The bearish ones are shy of the average. The support is likely to break if the volumes continue.

thorchain analysis
Source: tradingview

Market Sentiment:

The Relative Strength Index has been very flat for a few days. The RSI confirms the range bound nature of the price of the coin. It currently stands at 43.46.

The MACD is above the signal line, giving a ‘buy’ call to investors.

thorchain RSI MACD
Source: tradingview

Conclusion:

On the breakdown and close below $5.84, $5.49 and $4.56 are the targets on the downside. The consistent bearish volumes are required in Thorchain to achieve said targets.

On the breakout and close above $7.71, $8.37 and $9.86 are the targets on the upside. These targets can be achieved if signs of reversals are seen from the lower levels.

CURVE ANALYSIS: JULY, 2021

Technical:

 Curve is an Ethereum powered token, designed as a decentralized blockchain protocol. Here’s the price analysis of Curve.

Curve is trading at $1.76. It has faced a clear rejection from the resistance zone. The resistance zone ranges from $1.98 to $2.10. The formation of an ‘evening star’ pattern on the daily time frame indicates a clear reversal. The coin has been in a downtrend for three months.

Additionally, the coin is trading below its 50-day and 200-day exponential moving average, another bearish indication. Moreover, the moving average has given a death cross. The former has crossed below the latter.

The bearish volumes are increasing at the resistance zone with the bullish volumes coming in on scattered days.

Curve analysis
Source: tradingview

Market Sentiment:

The Relative Strength Index is indicating a flat movement for the coin. It has faced a minor negative divergence from the upper trendline. The RSI stands at 46.81.

The MACD is above the signal line, giving a ‘buy’ call to investors.

curve RSI MACD
Source: tradingview

Conclusion:

On the breakout and close above the level of $2.10, $2.43 and $2.85 are the targets on the upside. It has just faced a rejection from the resistance thereby making it difficult to move upwards.

On the breakdown and close below $1.20, $0.78 and $0.54 are the targets on the downside. The probability of downside movement is more than the upside movement for Curve.