The overall cryptocurrency market displayed another sell-off again, forcing most alternative assets to plunge on their price charts. LTC, BNB, and XTZ sustained losses as well. For now, Litecoin stands near its 1-month low.
Binance Coin fell beneath its closest support level after losing 6.7% of its value. Finally, Tezos recorded a plunging buying momentum, but things might improve if the Relative Strength Momentum remains over the half-line.
Litecoin
Litecoin dropped 3.85% in the past 24 hours to trade at $143.36, a level it touched over a month ago. The alternative crypto has its nearest support at $135.61. Meanwhile, Litecoin’s parameters suggest negative actions as the alt recorded another crash in the previous session.
The RSI neared the oversold territory, showing possibilities of dropping below it. MACD flashed a bearish cross as its histogram saw red bars. Bollinger Bands showed volatility might rise in the coming sessions as they diverged. With uptrends, LTC might find resistance around $147.8, then $161.7. That is if buying momentum resurge. LTC will have its additional obstacles at $175.7, then $194.1.
Binance Coin
BNB lost almost 6.7% in the past 24 hours to stand at $323. Recently, the crypto failed to maintain over the support at $325.9. The following support stood at $307.9 as the asset’s price remained beneath the 4-hr 20 Simple Moving Average, showing sellers’ dominance.
RSI stayed in the oversold region showing fading buying momentum. Also, MACD showed red histograms with its bearish cross. Chaikin Money Flow remained under the mid-line, indicating reduced capital inflows. If buying strength rises for a price recovery, BNB will have the closest resistance at $351.7, then $386.8, its 1-week peak. Other resistances stand at $416.4, then $433.5.
Tezos
Tezos has its value at $6.58 after losing 3.5% in the past day. The alt’s closest price floor is at $6.05, then $5.75. Meanwhile, parameters declared bearishness emerging in the market. The Relative Strength Indicator hovers near the 50-level and threatens to plunge under it. MACD witnessed a bearish cross while displaying red bars on its histogram.
Also, the Awesome Oscillator showcased tall red bars suggesting bearishness. If the RSI maintains beyond the half-line, Tezos might record northward movements. That way, it will have its resistance at $7.37, then $7.89.