Litecoin, Bitcoin Cash, ETC, Stellar Price Analysis: 07 April

In the final 24 hours, the general sentiment dragged itself again to the ‘concern’ zone. Consequently, Litecoin, Bitcoin Cash, Ethereum Classic and Stellar revealed an oversold 4-hour RSI. S0, a short-term revival from their speedy assist appeared possible within the subsequent few days.

Litecoin (LTC)

Source: TradingView, LTC/USDT

In its earlier bullish rally, LTC grew in an ascending channel (white) on its 4-hour chart. This rally sprang after the alt matched its 14-month lows on 24 February. Meanwhile, the bulls discovered a barrier on the two-month resistance close to the $131-mark.

Thus, a reversal from this mark brought about an up-channel breakdown that pushed the alt beneath its 20/50/200 EMA. Now, a potential bearish crossover of the 20/200 EMA might propel a change in development in favor of sellers.

At press time, LTC traded at $112.8. The RSI was deep into the oversold area on the 26-mark. So, a possible revival from this degree would place LTC for a check of the $116-mark resistance.

Bitcoin Cash (BCH)

Source: TradingView, BCH/USDT

As the bullish part heightened, BCH sharply rose to reclaim the misplaced $356-mark.

The newest retracement noticed a falling wedge (white) that examined the $331-support. BCH misplaced over 12% of its worth up to now two days. Any shut higher trendline of the wedge could cause a patterned breakout in the direction of the $356-level.

At press time, BCH traded at $334.9. The oversold RSI eyed to cross the 30 mark to allow any revival possibilities. The hole between the DMI traces had overstretched whereas the bears stored exerting stress.

Ethereum Classic (ETC)

Source: TradingView, ETC/USDT

ETC misplaced greater than a 3rd of its worth from its February highs and dropped to match its month-to-month low on its trendline assist (white, dashed). Then, the bulls took over and propelled a 108.8% development in the direction of the $52.2-mark.

Since then, it has been in a plunge part that led ETC beneath all its EMA ribbons. As these ribbons undertake a bearish flip, the bears visibly depicted their edge. At press time, ETC traded at $39.92. The bearish RSI recovered above the 30 mark on its means up from the oversold territory.

Stellar (XLM)

Source: TradingView, XLM/USD

Ever since Stellar (XLM) struggled to overturn the $0.26 resistance, the alt swiftly declined in the direction of its long-term assist on the $0.16-level. Since then, in the final three weeks, XLM noticed a stable up-channel rally that halted broke down from the $0.24-level. While the $0.2-mark stood sturdy, any shut above or on the present degree would affirm a morning star (bullish) candlestick sample.

At press time, XLM traded at $0.211. Similar to earlier altcoins, XLMs RSI reversed from the 19-mark because the bulls endeavored to check the $0.22-level.

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About the Author: Daniel