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You are here: Home / News / Altcoin News / Tron, XRP, Litecoin Technical Analysis On 9th November 2020
Tron, XRP, Litecoin Technical Analysis On 9th November 2020

Tron, XRP, Litecoin Technical Analysis On 9th November 2020

November 9, 2020 by Reena Shaw

Several altcoins such as Tron, XRP, and Litecoin were moving higher as Bitcoin inched closer to the $16k level. The global market cap rose to $448 billion after an increase of 2.49% over the last day. But not all coins could be able to sustain the renewed bullish pressure.

Tron [TRX]:

TRX 2 e1604924268245

Tron’s [TRX] progression has been slower than its peer altcoins, however, it noted a mild surge of 0.33% over the last 24-hours which drove the coin to $0.0254. It held a market cap of $1.82 billion and a 24-hour trading volume of $696 million.

The green closing bars of Awesome Oscillator depicted a bullish momentum in the coin’s price. After a period of two weeks and multiple breakout attempts, the Chaikin Money Flow breached the zero-line depicting an increase in the inflow of capital to the coin market.

With the latest traction, Tron [TRX] could now target its nearest level of resistance of $0.030 as it support stood firm at $0.022

XRP:

XRP 1 e1604924630203

Over the past 24-hours, XRP was up by 0.89% rising to a valuation of $0.255. At the time of writing, XRP registered a market cap of $11.57 billion and a 24-hour trading volume of $2.56 billion.

Despite the latest upside move, Klinger Oscillator underwent a bearish trend. The MACD also appeared to be heading for one in the near-term which was indicative of the bearish dominance in the coin market.

A downside market correction could trigger XRP to spiral to its immediate support level of $0.222 as its resistance remained untested at $0.294.

Litecoin [LTC]:

LTC e1604924965368

Litecoin [LTC] also noted an uptick of 2.73% over the last day and was priced at $61.61 while recording a market cap of $4.05 billion and a 24-hour trading volume of $2.64 billion.

The dotted markers of the Parabolic SAR aligned below the LTC candlestick arrangement supporting the token’s price from a further market downtrend. The RSI also rose well above the 50-median line depicting a sentiment of rising buying pressure among the market participants in the Litecoin market.

The increasing optimism among the investors coupled with a local top could further boost the coin’s price in the near-term in which case, it could target a jump to the long-awaited $67.10 resistance level while its immediate support stood firm at $47.02

Filed Under: Altcoin News, News Tagged With: Litecoin (LTC), Ripple (XRP), TRON (TRX)

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