Litecoin, MATIC, Uniswap Price Analysis: 19 August

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Following southbound price movements in the broader crypto-market, the altcoin industry saw a lot of profit-taking. Altcoins such as Litecoin, MATIC, and Uniswap all retreated on their charts by 2.7%, 1.7%, and 2.8%, respectively.

LTC traded close to the $161.90 support line while MATIC eyed the $1.28 price floor. Finally, UNI cut below its immediate support level of $26.07.

Litecoin [LTC]

LTC/USD ^[1], TradingView

LTC ^[2] declined by 2.7% over the last 24 hours at it traded at $166.67. The alt was seen trading closer to its immediate support line of $161.90. If the price trades around the same level for the next few trading sessions, LTC could rest on the $143.24 support line.

Technicals continued to note bearish price action on the four-hour chart of Litecoin. The Awesome Oscillator registered red signal bars beneath the half-line while the MACD noted red histograms. However, the latter were declining at the time of writing.

The Bollinger Bands opened up with minute convergence. This implied that the price could see a decline in volatility. In case of a price reversal, resistance levels can be found at $177.61 and $188.45.

MATIC

MATIC/USD ^[3], TradingView

Trading close to its immediate support level of $1.28, MATIC ^[4] observed a 1.7% dip over the last 24 hours. The altcoin was valued at $1.32 and it showed

Litecoin, MATIC, Uniswap Price Analysis: 19 August

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