{"id":132689,"date":"2020-12-23T19:00:26","date_gmt":"2020-12-23T13:30:26","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=132689"},"modified":"2020-12-23T14:30:36","modified_gmt":"2020-12-23T09:00:36","slug":"litecoin-cosmos-dogecoin-price-analysis-23-december","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/litecoin-cosmos-dogecoin-price-analysis-23-december\/","title":{"rendered":"Litecoin, Cosmos, Dogecoin Price Analysis: 23 December"},"content":{"rendered":"

Litecoin mounted a strong defense of the $100 level but was headed lower once more, with $108 being a level bulls would seek to defend. Cosmos bounced feebly off the $4.8 level following a bullish divergence, but bears pushed the prices lower and could flip it to resistance and Dogecoin retraced some of the gains it made on a recent surge.<\/p>\n

Litecoin [LTC]<\/h4>\n
\"Litecoin,<\/a>
Source: LTC\/USD<\/a> on TradingView<\/figcaption><\/figure>\n

Using the Fibonacci Retracement tool for LTC’s move from a swing low of $69.94 to a swing high of $124.4, some important levels of retracement are highlighted.<\/p>\n

In the short-term, a move with above-average volume beneath the 23.6% level at $108.5 would likely test the support at $100. The short-term momentum had swung to the bears when they forced the price to $99, but the bulls have fought back.<\/p>\n

The OBV has registered higher lows over the past two weeks, and hence any move downward can be regarded as a pullback and not a trend reversal. Another test of the $100 level and the subsequent breakout would reveal the direction of the next move for LTC, as would a surge past the $120 mark.<\/p>\n

Cosmos [ATOM]<\/h4>\n
\"Litecoin,<\/a>
Source: ATOM\/USD<\/a> on TradingView<\/figcaption><\/figure>\n

Cosmos exhibited bullish divergence between price and momentum about 12 hours prior to writing, and ATOM bounced nearly 5%. Yet the selling pressure was too strong and ATOM was unable to rise past the $5 mark.<\/p>\n

The RSI showed a value of 36 and has moved beneath the neutral 50 over the past few days to indicate a downtrend in progress. It was likely that the $4.8 level would buckle and give way over the next few hours.<\/p>\n

The next region of interest lies in the $4.6-$4.55 region, and bears would look to defend this, should the $4.8 price level be ceded to the bears.<\/p>\n

Dogecoin [DOGE]<\/h4>\n
\"Litecoin,<\/a>
Source: DOGE\/USDT<\/a> on TradingView<\/figcaption><\/figure>\n

Dogecoin was retracing some of the gains made after a strong surge, and generally, such retracements tend to visit the 50% and 61.8% retracement levels.<\/p>\n

The MACD formed a bearish divergence and at the time of writing was headed lower. Using the Fibonacci Retracement tool, some levels can be used to enter scalp short trades.<\/p>\n

The 23.6% level, if revisited by DOGE, could be an ideal short entry. A break beneath and retest of the 38.2% level at $0.0043 could also be used, with a target level of $0.0043, the 50% retracement level.<\/p>\n","protected":false},"excerpt":{"rendered":"

Litecoin mounted a strong defense of the $100 level but was headed lower once more, with $108 being a level bulls would seek to defend. Cosmos bounced feebly off the $4.8 level following a bullish divergence, but bears pushed the prices lower and could flip it to resistance and Dogecoin retraced some of the gainsContinue reading “Litecoin, Cosmos, Dogecoin Price Analysis: 23 December”<\/span><\/a><\/p>\n","protected":false},"author":31,"featured_media":132694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,44,18,3,4,20],"tags":[62],"class_list":["post-132689","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-global-news","category-hide-cryptopanic","category-news","category-social","category-trading-view","tag-ltc"],"acf":[],"yoast_head":"\nLitecoin, Cosmos, Dogecoin Price Analysis: 23 December - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Litecoin mounted a strong defense of the $100 level but was headed lower once more, with $108 being a level bulls would seek to defend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ambcrypto.com\/litecoin-cosmos-dogecoin-price-analysis-23-december\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Litecoin, Cosmos, Dogecoin Price Analysis: 23 December - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Litecoin mounted a strong defense of the $100 level but was headed lower once more, with $108 being a level bulls would seek to defend. 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