{"id":131646,"date":"2020-12-17T01:30:00","date_gmt":"2020-12-16T20:00:00","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=131646"},"modified":"2020-12-16T19:25:12","modified_gmt":"2020-12-16T13:55:12","slug":"litecoin-zcash-compound-price-analysis-16-december","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/litecoin-zcash-compound-price-analysis-16-december\/","title":{"rendered":"Litecoin, Zcash, Compound Price Analysis: 16 December"},"content":{"rendered":"<p>As the value of Bitcoin went past $20k, many of the market&#8217;s altcoins were also seeing their price rise on the charts. The performance of Litecoin, Zcash, and Compound did not witness major uptrends but registered positive gains.<\/p>\n<p><strong>Litecoin [LTC]\u00a0<\/strong><\/p>\n<figure id=\"attachment_131659\" aria-describedby=\"caption-attachment-131659\" style=\"width: 1274px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/LTC-2.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"wp-image-131659 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/LTC-2.png\" alt=\"\" width=\"1274\" height=\"618\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/LTC-2.png 1274w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/LTC-2-300x146.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/LTC-2-1024x497.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/LTC-2-768x373.png 768w\" sizes=\"(max-width: 1274px) 100vw, 1274px\" \/><\/a><figcaption id=\"caption-attachment-131659\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\">LTC\/USD<\/a> on TradingView<\/figcaption><\/figure>\n<p>The Litecoin daily chart indicated the sideways movement of the digital asset during the course of the past few days. Although there have been spurts of growth the price has remained between $67.83 and $91.58.<\/p>\n<p>The Parabolic SAR indicator noted bearishness as the markers had aligned above the price bars, indicating a downward pressure.<\/p>\n<p><strong>Zcash [ZEC]<\/strong><\/p>\n<figure id=\"attachment_131660\" aria-describedby=\"caption-attachment-131660\" style=\"width: 1274px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/ZEC.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"wp-image-131660 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/ZEC.png\" alt=\"\" width=\"1274\" height=\"561\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/ZEC.png 1274w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/ZEC-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/ZEC-1024x451.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/ZEC-768x338.png 768w\" sizes=\"(max-width: 1274px) 100vw, 1274px\" \/><\/a><figcaption id=\"caption-attachment-131660\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ZECUSD\/\">ZEC\/USD<\/a> on TradingView<\/figcaption><\/figure>\n<p>The ZEC price chart highlighted how the price tested the immediate resistance at $73.40 but has not managed to breach it. It has currently taken the support at $65 and has been trading at around $68. The value bounced back from this point and has been trying to stay above.<\/p>\n<p>Whereas the Relative Strength Index was at an equilibrium state, indicating that the buying and the selling pressures had evened. This meant that the price may consolidate further between $65 and $73.<\/p>\n<p><strong>Compound [COMP]<\/strong><\/p>\n<figure id=\"attachment_131658\" aria-describedby=\"caption-attachment-131658\" style=\"width: 1274px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/COMP.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"wp-image-131658 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/COMP.png\" alt=\"\" width=\"1274\" height=\"561\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/COMP.png 1274w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/COMP-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/COMP-1024x451.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/COMP-768x338.png 768w\" sizes=\"(max-width: 1274px) 100vw, 1274px\" \/><\/a><figcaption id=\"caption-attachment-131658\" class=\"wp-caption-text\">Source:<a href=\"https:\/\/www.tradingview.com\/symbols\/COMPUSD\/\"> COMP\/USD<\/a> on TradingView<\/figcaption><\/figure>\n<p>Compound&#8217;s market has surpassed the resistance at $137 and managed to hold its price above this point. The current value of the digital asset was $160.90 as the price consolidated between $137 and $160. The next resistance for the coin is around the $189 price level. As the value of the digital asset moved further, the market seemed to be gaining strength.<\/p>\n<p>This strength in the market was highlighted by the Chaikin Money Flow indicator. The CMF moved above the zero-line which was a sign that the money was moving in the market and not out of the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the value of Bitcoin went past $20k, many of the market&#8217;s altcoins were also seeing their price rise on the charts. The performance of Litecoin, Zcash, and Compound did not witness major uptrends but registered positive gains. Litecoin [LTC]\u00a0 The Litecoin daily chart indicated the sideways movement of the digital asset during the course<a href=\"https:\/\/ambcrypto.com\/litecoin-zcash-compound-price-analysis-16-december\/\">Continue reading <span class=\"sr-only\">&#8220;Litecoin, Zcash, Compound Price Analysis: 16 December&#8221;<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":131664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,3,4,20],"tags":[62],"class_list":["post-131646","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-news","category-social","category-trading-view","tag-ltc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Litecoin, Zcash, Compound Price Analysis: 16 December - AMBCrypto<\/title>\n<meta name=\"description\" content=\"The Litecoin daily chart indicated this sideways movement of the digital asset over some time now. 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