Litecoin, Cosmos, Decred Price Analysis: 30 November
Litecoin pictured a bullish divergence between the price and the momentum indicator (RSI) and bounced strongly off the support at the 50% retracement level for LTC’s move from $45 to $94 over the past two months. The 61.8%, 50%, and 38.2% retracement levels have performed remarkably as support, and it was likely that LTC would resume the previous uptrend and flip the resistance at $80 to support.
Since then, ATOM has climbed steadily past the retracement levels, while also rising past the resistance at $5.45 on a trading session with above-average trading volume, lending legitimacy to the rise in price. The level at $24.6 has seen the price get rejected a few days ago and the indecisive candle that tested the resistance might presage DCR testing the $22-region before another surge upwards.