{"id":146585,"date":"2021-03-09T01:30:56","date_gmt":"2021-03-08T20:00:56","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=146585"},"modified":"2021-03-08T18:44:41","modified_gmt":"2021-03-08T13:14:41","slug":"litecoin-crypto-com-coin-ethereum-classic-price-analysis-08-march","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/litecoin-crypto-com-coin-ethereum-classic-price-analysis-08-march\/","title":{"rendered":"Litecoin, Crypto.com Coin, Ethereum Classic Price Analysis: 08 March"},"content":{"rendered":"

Litecoin defended the $180-$184 region but faced stern resistance at $194. Crypto.com Coin was in a phase of consolidation, while Ethereum Classic formed a wedge pattern that could see a breakdown to $10.<\/p>\n

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

Litecoin was trading between the $194 and $169 levels for the most part of the past week. At the time of writing, the RSI was above neutral 50 and showed bullish momentum behind LTC. The mid-point of this short-term range lies at $184, which has some confluence with the longer timeframe $180 level that has acted as both support and resistance to the price in the past.<\/p>\n

On the 4-hour chart, the defense of the $180-$184 region of demand can see LTC climb back to the $194 mark over the next 24 hours. Dipping beneath $180 will likely see LTC move toward $169.<\/p>\n

In the long-term outlook, ascending past the $194-$200 area will be the target for bulls. This development will open the way for another move to $230 for LTC.<\/p>\n

Crypto.com Coin [CRO]<\/h4>\n
\"Litecoin,<\/a>
Source: CRO\/USDT<\/a> on TradingView<\/figcaption><\/figure>\n

The Bollinger bands were relatively tight around the price of CRO, which was also trading above its 20-period SMA on the 4-hour chart. Climbing past the 38.2% retracement level at $0.152 was also a sign in favor of the bulls.<\/p>\n

To reinforce the idea of consolidation for CRO, the trading volume has been steadily decreasing over the past two weeks.<\/p>\n

The next levels of resistance for CRO are at $0.173 and $0.189, while a retest of the $0.146-$0.152 area would provide a buying opportunity.<\/p>\n

Ethereum Classic [ETC]<\/h4>\n
\"Litecoin,<\/a>
Source: ETC\/USDT<\/a> TradingView<\/figcaption><\/figure>\n

Ethereum Classic formed a rising wedge pattern on the charts. This pattern generally sees a breakdown, and in this context, the bearish target for such a move would be $10.<\/p>\n

However, only a trading session close outside the pattern would point toward the direction of the market with more certainty- a breakout upwards is also a possibility.<\/p>\n

The Awesome Oscillator showed neutral momentum for ETC over the past week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Litecoin defended the $180-$184 region but faced stern resistance at $194. Crypto.com Coin was in a phase of consolidation, while Ethereum Classic formed a wedge pattern that could see a breakdown to $10. Litecoin [LTC] Litecoin was trading between the $194 and $169 levels for the most part of the past week. At the timeContinue reading “Litecoin, Crypto.com Coin, Ethereum Classic Price Analysis: 08 March”<\/span><\/a><\/p>\n","protected":false},"author":31,"featured_media":146610,"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-146585","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, Crypto.com Coin, Ethereum Classic Price Analysis: 08 March - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Litecoin defended the $180-$184 region but faced stern resistance at $194. 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