After moving south in the broader crypto market, the altcoin industry saw a lot of profit taking. Altcoins like Litecoin, MATIC and Uniswap all fell 2.7%, 1.7% and 2.8% respectively on their charts.
LTC was trading near the USD 161.90 support line while MATIC was looking at the USD 1.28 floor. Eventually UNI fell below its immediate support level of $ 26.07.
LTC was down 2.7% in the past 24 hours to trade at $ 166.67. The alt was trading closer to its immediate support line of $ 161.90. If the price trades around the same level for the next trading sessions, LTC could rest at the USD 143.24 support line.
Technicians continued to see price movement bearish on Litecoin’s 4-hour chart. That Great oscillator registered red signal bars below the half-line while the MACD noticed red histograms. However, the latter were in decline at the time of writing.
That Bollinger bands opened with tiny convergence. This implied that the price could experience a drop in volatility. In the event of a price reversal, resistance levels can be found at $ 177.61 and $ 188.45.
MATIC was trading near its immediate support level of $ 1.28 and has seen a 1.7% decline over the past 24 hours. Valued at $ 1.32, the altcoin showed signs of consolidation. The indicators showed a downward price movement in the market.
Buy pressure dipped for MATIC. That Relative Strength Index was near the 40 mark, although it was seeing an upward trend. That MACD displayed red histograms and the Great oscillator in addition, red signal bars flashed below the half-line. All of these results confirmed a downward trend in the market.
On the flip side, MATIC could retest the $ 1.43 and $ 1.53 resistance levels.
UNI was trading at $ 25.96 after breaking above its support level of $ 26.07. The alt fell 2.8% in the past 24 hours, targeting the next support level of $ 22.71. The technical data remained pessimistic for Uniswap.
That Great oscillator noticed red signal bars below the center line while the MACD also saw red histograms. It is worth noting that their size has decreased. Finally, that Chaikin money flow responsible for a decline in capital inflows as the indicator was below zero.
If UNI regains strength, it can test the $ 28.26 resistance level for the third time this month.