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Litecoin, Uniswap, Zcash Price Analysis: 16 March - AMBCrypto
Source: Pixabay
Litecoin continued its downwards trajectory and a move below the 200-SMA could likely see the price drop lower to $181 support. UNI moved within a down channel, but support at $28.6 could offer some fightback from buyers. Finally, ZEC was likely to remain restricted below $140.3 resistance over the coming sessions.
Litecoin [LTC]
Source: LTC/USD[1], TradingView
Parabolic SAR’s dotted markers moved below the candlesticks as
Litecoin[2] reversed direction after climbing above $220.4 resistance. Losses in the last three days now amounted to over 12% as LTC moved below $204.9 support.
Lower lows on
OBV also confirmed selling pressure over the last few sessions. Optimism arose from the fact that the candlesticks managed to move above the 200-SMA (green) and avoided an extended sell-off toward the $181 mark. A pickup in the 24-hour trading volumes, which clocked in at over $5 Billion, was also an encouraging sign.
Uniswap [UNI]
Source: UNI/USD[3], TradingView
Weekly losses of over 13% saw
Uniswap[4] move within a descending channel after a recovery toward record levels was halted by the sellers. Momentum sided heavily with the bearish side, and the same could be seen on the red bars of
Awesome Oscillator. While the bulls could offer some counter-resistance at $28.6 support, a more realistic target for some buying activity would be the next
