For XRP chart can be said that it stuck to the red line and cannot decide on the direction of further movement. In our opinion, in the current situation, it is more correct to wait for any hints and tips from the market, and only after that to make decisions on whether or not to include this asset in the portfolio. While the technical image looks in such a way that in order to be able to speak with confidence about the beginning of the growth phase, the chart needs to pass the level of $0.31.
The price of came close to the red resistance line, the breakdown of which would open up opportunities for the formation of a long position. While it cannot be noted that there are any signs of individuality in the coin. The dynamics of the market, and on the face of a clear lag behind the market indicators of in the last week. However, this asset, it is necessary to execute all the signals of the approach, otherwise, you can noticeably lose in efficiency. If in the coming hours’ chart remain above $4.85, a signal will appear to buy for the first part of the limit.
Litecoin
The price of LTC has reached the key level of $75 for the second time in the last week, but so far the bullish trend, apparently, is not ready at current prices. We believe that we just need to wait for a while for the market itself to tell us the most likely direction of movement. While the plan is such that in the event of a breakdown of the green line, we will include a coin in the portfolio, not forgetting about placing a stop-loss order.
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Author: Marko Vidrih
Charts via Investing.com
Published at Fri, 03 May 2019 13:05:00 +0000
