Litecoin, Augur, VeChain Price Analysis: 27 December

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Both Litecoin ^[1] and Vechain ^[2] registered strong bullish momentum on the price charts. Litecoin rose past its previous local high at $124 and the bulls targeted the $145-mark. VET broke to the downside of an ascending triangle pattern, but it recovered backed by good trading volume and it could test the $0.0178-resistance level once more. Finally, Augur ^[3] traded within a range over the past couple of days and showed some levels of interest for scalp trades.

Litecoin [LTC]

Source: LTC/USD ^[4] on TradingView

Litecoin rose past the $122-level once more and it was heading to the 27% Fibonacci extension level at $145. With the $142-level of resistance close by, it would prove to be a strong level of resistance if LTC tests it in the coming days.

The RSI was at 70 and on the threshold of crossing into the overbought zone. However, this did not suggest an immediate pullback for the price by itself. It did, however, indicate strong bullish momentum behind LTC.

The test of the 38.2% retracement level and a surge past its local high over the past week was a development that was strongly bullish and the Fibonacci extension has shown some target levels for the bulls as well.

Augur [REP]

Source: REP/USDT ^[5] on TradingView

After dipping as low as $13.8, REP recovered somewhat and indicated that it had formed

Litecoin, Augur, VeChain Price Analysis: 27 December

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