XRP (XRP), Litecoin (LTC) & IOTA (MIOTA) price analysis – 10th January

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XRP (XRP)

It has been a sluggish day for crypto. For a good part of the last 24-hours, XRP (XRP) has been trading in a range between $0.378 on the upper limit and $0.371 on the 200-day MA on the lower limit. However, in the last 3-hours, XRP (XRP) has broken below this range to the lower side, to hit a low of $0.363. This is an indicator that bears could be taking control of the market, and could be a signal to go short on XRP (XRP). To go short on XRP (XRP), it would be best to wait for a break below the day’s low. This would be confirmation of the bearish trend. A short position below this level would have a good exit point at $0.359. This is a key support level for XRP (XRP) in the last 4-days and a possible reversal point for XRP in the short-term.

However, in case XRP (XRP) pushes above the day’s upper range of $0.378, and pushes above the day’s high of $0.382, it would be a trigger to go long with a target of $0.419. This is a key resistance point for XRP on the 12-hour 200-day MA.

Litecoin (LTC)

Litecoin (LTC) has been on a bearish trend for the past 7 days.  In this period, it has pushed up from a low of $31.95 to a high of $42.25. However, in the past 24-hours, it has been on a slow downward slide, to hit a low of $39.08 on the 100-day MA.  If in the next 24-hours Litecoin (LTC) breaks below the 100-day MA at $30.08, it would be an indicator that bears are taking control of the market. Such a position would have a good exit point at $36.18. This is a key support level for Litecoin (LTC) on the 200-day MA.

However, in the event that Litecoin (LTC) pushes above the day’s high of $42.25, it would be an indicator that bulls are in control. A long position around this level would have a good exit point at $54.83 on the day chart’s 200-day MA.

IOTA (MIOTA)

In the past 24-hours, IOTA (MIOTA) has been volatile, and has formed a double top at $0.380. Since IOTA hit this price level, it has been on a downtrend for the past 12-hours, to hit a low of $0.370. To go short on IOTA (MIOTA), it would be best to wait for a break below the day’s low of $0.370. This would be a signal to go short with a target of $0.362. This is a 48-hour low and a possible exit point from a short-term short position.

However, in the scenario that IOTA (MIOTA) pushes past the day’s high of $0.380 and invalidates the double top pattern, it would be a signal to go long. A long position at this level would have a good exit point at $0.401. This is a key resistance point for IOTA (MIOTA) on the 12-hour 200-day MA.  If it pushes above this level, IOTA (MIOTA) could possibly rise to $0.581. This is a key resistance level for IOTA on the day chart’s 200-day MA.

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