{"id":169569,"date":"2021-07-09T13:42:07","date_gmt":"2021-07-09T08:12:07","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=169569"},"modified":"2021-07-09T13:42:51","modified_gmt":"2021-07-09T08:12:51","slug":"litecoin-aave-dogecoin-price-analysis-09-july","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/litecoin-aave-dogecoin-price-analysis-09-july\/","title":{"rendered":"Litecoin, Aave, Dogecoin Price Analysis: 09 July"},"content":{"rendered":"<p>The global crypto-market lost 2.29% of its capitalization in 24 hours, with volatility emerging as the norm. Bitcoin too depreciated by 1.29% and continued to trade below the $35,000 resistance level at press time.<\/p>\n<p>Several altcoins too followed a similar pattern as LTC and DOGE opened to bearish and volatile markets with rising sell-offs. AAVE\u2019s northbound surge too was interrupted by the latest dip, despite the announcement of its new pro platform.<\/p>\n<p><strong>Litecoin [LTC]<\/strong><\/p>\n<figure id=\"attachment_169572\" aria-describedby=\"caption-attachment-169572\" style=\"width: 1783px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/LTC-3.png\"><img decoding=\"async\" class=\"wp-image-169572 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/LTC-3.png\" alt=\"\" width=\"1783\" height=\"809\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/LTC-3.png 1783w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/LTC-3-300x136.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/LTC-3-1024x465.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/LTC-3-768x348.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/LTC-3-1536x697.png 1536w\" sizes=\"(max-width: 1783px) 100vw, 1783px\" \/><\/a><figcaption id=\"caption-attachment-169572\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\">LTC\/USD<\/a>, TradingView<\/figcaption><\/figure>\n<p>A 2.27% 24-hour decline in Litecoin\u2019s price could be seen at press time, while the alt lost 4.9% of its value over the past week. LTC fell through its $130 support yesterday after trading within its price channel for a few weeks. However, the alt did make slight recoveries on the 4-hour chart, trading at $131.3 at the time of writing.<\/p>\n<p>The divergence of the <strong>Bollinger Bands<\/strong> suggested that steep price action in the asset\u2019s market could be expected as it was turning volatile.<\/p>\n<p>After it hovered near the median line for a few days, overpowering sell-offs pushed the <strong>Relative Strength Index (RSI)<\/strong> below. Although a tiny uptick was observed at press time, the indicator remained in highly bearish territory. Further selling pressure could send it to the oversold zone going forward.<\/p>\n<p>Bearish momentum has been dominating the alt&#8217;s price chart since 7 July. However, the appearance of a green bar below the <strong>Awesome Oscillator<\/strong>\u2019s histogram could mean that bullish momentum was creeping in once more. LTC looked unlikely to hike above the $149.8 ceiling anytime soon, while it traded near the $130 support level.<\/p>\n<p><strong>Aave [AAVE]<\/strong><\/p>\n<figure id=\"attachment_169573\" aria-describedby=\"caption-attachment-169573\" style=\"width: 1783px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/AAVE.png\"><img decoding=\"async\" class=\"size-full wp-image-169573\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/AAVE.png\" alt=\"\" width=\"1783\" height=\"809\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/AAVE.png 1783w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/AAVE-300x136.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/AAVE-1024x465.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/AAVE-768x348.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/AAVE-1536x697.png 1536w\" sizes=\"(max-width: 1783px) 100vw, 1783px\" \/><\/a><figcaption id=\"caption-attachment-169573\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/AAVEUSD\/\">AAVE\/USD<\/a>, TradingView<\/figcaption><\/figure>\n<p>Aave has been on a remarkable recovery since June end, surging by 96% between 26 June and 6 July, before reaching the $346-resistance mark. The DeFi token then embarked on a southbound trajectory, dropping by 15% and breaching the $305-support level, a level that was acting as resistance at press time.<\/p>\n<p>Aave too noted high market volatility as the <strong>Bollinger Bands<\/strong> on its chart moved divergently. Although capital inflows still exceeded outflows, the downward movement of the <strong>Chaikin Money Flow<\/strong> did indicate a shift in sentiment. The <strong>MACD<\/strong> registered a bearish crossover on 7 July, post which the indicator and signal lines started to move south with dominant bearish momentum visible on the histogram of the indicator.<\/p>\n<p>If the bearish trend continues, it could find support at the $253-mark. The DeFi platform recently announced that its new platform for institutional investors called Aave Pro will be launched this month.<\/p>\n<p><strong>Dogecoin [DOGE]<\/strong><\/p>\n<figure id=\"attachment_169574\" aria-describedby=\"caption-attachment-169574\" style=\"width: 1783px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/DOGE-4.png\"><img decoding=\"async\" class=\"wp-image-169574 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/DOGE-4.png\" alt=\"\" width=\"1783\" height=\"809\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/DOGE-4.png 1783w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/DOGE-4-300x136.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/DOGE-4-1024x465.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/DOGE-4-768x348.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/DOGE-4-1536x697.png 1536w\" sizes=\"(max-width: 1783px) 100vw, 1783px\" \/><\/a><figcaption id=\"caption-attachment-169574\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\">DOGE\/USD<\/a>, TradingView<\/figcaption><\/figure>\n<p>DOGE exited its price channel on 7 July, dropping below the $0.221 support and trading at $0.201 at the time of writing. It was down 71.6% from its May ATH of $0.731, with a breakeven multiple of 3.61.<\/p>\n<p>The <strong>Parabolic SAR<\/strong>\u2019s dotted line mostly hovered above the candlesticks on the 4-hour chart over the past few weeks, along with brief shifts, as the coin\u2019s price movement followed a mainly bearish trend.<\/p>\n<p>Selling pressure largely dominated the meme-coin\u2019s market in July as the <strong>Relative Strength Index (RSI)<\/strong> remained below the median line. However, the indicator moved into the oversold region yesterday and could be slated for price consolidation or a reversal in the future.<\/p>\n<p>Dominant bearish momentum on the altcoin\u2019s chart was also evident with growing red bars below the <strong>Awesome Oscillator<\/strong>\u2019s histogram. With the $0.221 support now acting as resistance, the asset could find further support at $0.162 if it freefalls to its early June levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global crypto-market lost 2.29% of its capitalization in 24 hours, with volatility emerging as the norm. Bitcoin too depreciated by 1.29% and continued to trade below the $35,000 resistance level at press time. Several altcoins too followed a similar pattern as LTC and DOGE opened to bearish and volatile markets with rising sell-offs. AAVE\u2019s<a href=\"https:\/\/ambcrypto.com\/litecoin-aave-dogecoin-price-analysis-09-july\/\">Continue reading <span class=\"sr-only\">&#8220;Litecoin, Aave, Dogecoin Price Analysis: 09 July&#8221;<\/span><\/a><\/p>\n","protected":false},"author":44,"featured_media":169575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,4,20],"tags":[70,62],"class_list":["post-169569","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view","tag-litecoin","tag-ltc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Litecoin, Aave, Dogecoin Price Analysis: 09 July - AMBCrypto<\/title>\n<meta name=\"description\" content=\"A 2.27% 24-hour decline in Litecoin\u2019s price could be seen at press time, while the alt lost 4.9% of its value over the past week. 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