Decred, Dogecoin, Litecoin: Attempts at upward break fail - OhNo "WTF" Crypto

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Decred, Dogecoin, Litecoin: Attempts at upward break fail

#crypto #bitcoin


Leading up to the halving was another decline in Bitcoin’s price. While the largest coin’s price remained conflicted, its dominance stood firm at 67%. Post halving, Bitcoin recovered and altcoins closely followed its footsteps. The collective market cap noted a slight increase to $240 billion.
Dogecoin [DOGE]:
Despite a strong bullish outlook, this memecoin has fallen a victim to Bitcoin’s sudden pullbacks. At press time, DOGE was priced at $0.0024 as it held a market cap of $308.41 million. It registered a trading volume of $287.7 million after an increase of 1.11% over a period of the last 24-hours.
Resistance: $0.0024
Support: $0.0014
MACD: MACD sustained a bearish crossover.
CMF: The CMF, on the other hand, was in the bullish region depicting the inflow in the capital in the coin market.
Litecoin [LTC]:
Throughout the week, Litecoin has been attempting to push higher. Hashrate has also been on a steady rise and recently hit a 10-month high. On the price front, the seventh-largest coin, LTC was up by 0.96% which pushed its price to $42.32. At press time, the coin record a market cap of $2.73 billion and a 24-hour trading volume of $5.36 billion.
Resistance: $83.51
Support: $30.01
Parabolic SAR: The dotted markers above the LTC price candles indicated a bearish trend for the coin in the near future.
Awesome Oscillator: The red closing bars were also suggestive of the bearish momentum for LTC.
Decred:
Its on-chain metrics were observed to be pushing for higher records and its monthly active addresses [MAA] increased to ATH in April this year.
Decred also noted a minor surge of 0.33% over the last 24-hours. At press time, its price was $13.11, registering a market cap of $150.4 million and 24-hour trading of $109.7 million.
Resistance: $24.9
Support: $9.32
Klinger Oscillator: The KO was well below the signal line indicating a bearish phase for the DCR.
RSI: The RSI also appeared to be in the oversold region depicting increasing sell pressure among the traders in the coin market.


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Chayanika Deka, Khareem Sudlow