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Home XRP - Top 10 Tron, Litecoin XRP Technical Analysis on 20th September 2020

Tron, Litecoin XRP Technical Analysis on 20th September 2020

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Several cryptocurrencies were struggling to stay afloat near the resistance levels despite a rise of the collective market cap to $354 million. While a pullback might actually play out in the near term, a high sell-off, however, at this point appears to be highly unlikely.

Tron [TRX]

On the network side, Tron has been exploring the burgeoning defi space most notably with Sesameseed and JustSwap. Despite these developments, TRX was down by 3.70% over the last 24-hours which drove its price to $0.0274 as it held a market cap of $1.96 billion and a 24-hour trading volume of $3.13 billion.

The red closing bars of Awesome Oscillator indicated the ongoing bearish momentum in the coin’s price. Chaikin Money Flow hovering below the zero-line further depicted an outflow of money from the coin market.

If the bears continue to have an upper hand, TRX’s already sluggish price could retest a crucial point of support at $0.0202 as the resistance level $0.0353 remained untouched.

Litecoin [LTC]

Litecoin has so far failed to demonstrate a rally and a breach above $50-level of resistanceis yet to materialize despite several onchain-metrics pointing towards a bullish phase as well as developments on its network’s front. At the time of writing, LTC was up by a mere 0.13% over the last 24-hours as its price stood at $48.36. The coin recorded a market cap of $3.167 billion and a 24-hour trading volume of $1.69 billion.

After prolonged bearish pressure, the silver crypto could finally see the LTC bulls making a much-anticipated headway. This was evidenced by both Klinger Oscillator as well as MACD which underwent a bullish crossover.

Should this uptrend gain the necessary momentum, LTC could climb to its overhead resistance of $50.92 and subsequently target the recently breached level of $63 while the coin’s support remained firm at $41.32.

XRP

As bearish pressure continued to mount on XRP, the coin was found to be trading at $0.249 after a minor surge of 0.35% over the past day. It registered a market cap of $11.24 billion and a 24-hour trading volume of $1.84 billion.

The dotted markers aligned below the XRP price candles depicted a bullish phase for the coin. The steady increase in the RSI which was now targeting the 50-median line further indicated a sentiment of decreasing sell pressure among the traders in the XRP market.

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XRP vi.be Editor

XRP vi.be Editor

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