Cardano, Litecoin, NEAR price analysis: Dec 25

The last few days marked Cardano’s attempt to alter the bigger picture. But it needed to cross the $ 1.47 mark in higher volumes to counter its long-term downtrends. While LTC saw a drop from the $ 167 level, it had yet to confirm a strong uptrend.

By contrast, NEAR showed no signs of slowing down even after pressing its ATH on December 24. Now, the threat of overbought RSI lurked around the corner.

Cardano (ADA)

On the 4-hour chart, ADA saw a rising (white) widening wedge after its bulls held the crucial 21-week support at the $ 1.2 mark. Price action rebounded from this level and broke its long-term trend line resistance (Green, since Nov 9).

The alt saw a 23.29% ROI from the low on Dec 20 until it saw a pullback from its immediate resistance at the $ 1.47 level on Dec 24. This pullback found support at the lower trend line coinciding with the 20-SMOTHER (Red).

As for the strength of its recent uptrend, the OBV It ranged around the same level when the price was $ 1.2. In this way, the possibility of a reversal is kept alive.

At press time, ADA was trading at $ 1,426. The RSI biased in favor of the bulls after hitting its six-week high on Dec. 24.

Litecoin (LTC)

TradingView, LTC / USDT

Following the Bitcoin jump, LTC noticed an 8.44% incline on December 23. This momentum propelled the alt to break out of its previous swinging range between the $ 143 and $ 156 mark. Therefore, LTC (like ADA) broke its long-term trend line resistance (Green, from Nov 15).

The bears definitely did not give a free hand as the price fell from the $ 167 mark towards the 20-SMA (red). The volume oscillator made lower highs opposing price action and suggesting a weak bullish move.

At press time, LTC was trading at $ 161.7. The RSI found support near the midline and showed a bullish bias. In addition, the DMI The lines showed a marginal bullish bias but a weak directional trend.

Close protocol (NEAR)

NEARUSDT 2021 12 25 17 56 03

TradingView, SEARCH / USDT

After swinging in a descending channel, NEAR broke the double bottom formed over the past eight days. It jumped a staggering 82.76% from the low on December 20 and pushed its ATH to $ 15.9 on December 24.

The alt found a strong support level at $ 8.2 as the price rallied and entered price discovery. The alt saw a quick rally after crossing the crucial $ 9.5 level.

At press time, the alt was trading above its 20-50-200 SMA to $ 15,119. Support unusually found near the overbought region, representing an extremely strong bullish influence. He too DMI reaffirmed the previous analysis. However the Volume oscillator marked lower highs in the past three days.

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Cardano, Litecoin, NEAR price analysis: Dec 25

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