Certain altcoins took a bullish turn following the upward movement of Bitcoin and Ethereum. NEO saw an impressive 9.7% appreciation and was about to test its immediate resistance of $ 65.71. Litecoin also grew by 6.8% institutional interest. It could hit $ 232.56, which is a multi-month high for the coin. Solana posted marginal gains while trading sideways on its charts, despite trading near its all-time high of $ 143.77.
LTC is up 6.8% in the past 24 hours. It was available for $ 223.45. The coin hovered near its multi-month high price level. If the uptrend continues, it could revisit $ 232.56 and then touch the $ 237.77 price level.
However, technical indicators flashed mixed trading signals.
Green bars on the MACD Histograms went down during the past trading sessions. A red signal bar was seen on it Great oscillatorwhat the result of a meeting in the red. Bollinger bands showed a slight divergence, indicating less market volatility.
If the above assumption is correct, LTC would find support at $ 218.15 and then, if unable to hold that level, fall to $ 194.13. With LTC unable to find support above the $ 194.13 level, LTC could push down to re-hit its four-week low at the $ 160.58 price line.
Solana consolidated its charts near its all-time high. It was currently trading for $ 142.55, down 1.9%. His overhead resistance was $ 143.77.
The 4-hour chart picked up the bearish price action for the Alt. MACD red bars are displayed in its histogram. Great oscillator red flashing signal bars, although a final green signal only relates to a trading session in the green. In contrast, the Relative Strength Index remained bullish, slightly below the 60 mark.
If the above parameters are met and prices start falling, initial support at $ 125.95 was expected. The additional support line was at a weekly low of $ 99.92.
NEO was priced at $ 63.78 and was up 9.7% in the past 24 hours. It was trading near its three-month high and the immediate price resistance for NEO was $ 65.71. The technical parameters also matched and issued bullish signals for the coin.
Great oscillator amplified green signal bars are displayed. Relative Strength Index was bullish as the indicator was slightly below the 75 mark.
Chaikin money flow was also positioned above the half-line, indicating an increase in capital inflows. A price reversal would mean NEO would sink to find support near the $ 56.27 price line. If it cannot hold this price level, it could fall to its three-week low of $ 49.45.