Another pullback could be on the way for altcoins such as Litecoin, Hedera Hashgraph, and FTX Token as technical indices failed to project a positive picture for the coins’ future in the short-term.
Litecoin [LTC]:
The silver crypto has been in troubled waters for quite some time now. After its second scheduled halving, LTC retraced close to its historic lows. While the recent rally managed to catapult the coin above the $40-mark, LTC bulls, however, seemed to be outperformed by the bears as technical indices pointed towards a bearish trend.
At press time, LTC was priced at $40.82 after a minor surge of 1.31% over the last 24-hours. It registered a 24-hour trading volume of $3.11 billion and a market cap of $2.42 billion.
Source: LTC/USD on TradingView
Resistance: $43.41
Support: $37.12
MACD: MACD indicator underwent a bearish crossover on the hourly chart for LTC.
CMF: CMF was also in the negative zone depicting the outflow of capital from the LTC market.
Hedera Hashgraph:
HBAR was down by 0.62% over the last 24-hours which drove the price to fall to $0.033. At press time, it held a market cap of $129.2 million and a trading volume of $7.24 million.
Source: HBAR/USD on TradingView
Resistance: $0.044
Support: $0.028
Parabolic SAR: The dotted markers below HBAR price candles suggested a bullish trend for the coin.
Awesome Oscillator: The red closing bars, however, aligned with the bears.
FTX Token [FTT]:
At press time, FTT was priced at $2.53 as it held a market cap of $242.3 million. The token was up by 1.96% which prompted its trading volume to climb to $2.38 million over the last 24-hours.
Source: FTT/USD on TradingView
Resistance: $2.66, $2.81
Support: $2.18
Klinger Oscillator: The signal line hovering above KO line indicated the presence of bearishness in the short-term price movement for FTT.
RSI: RSI was headed down towards the 50-median neutral zone suggesting a sentiment shift to high sell-pressure among the investors in the FTT market.
