SLD Technical Analysis: Bulls and Bears in the Dead End While a Short-Term Joy Invites You

Cryptocurrency and litecoin [LTC] market has somewhat recovered from the attack by the decline that occurred between January 9 and 10 and last weekend. The litecoin has indeed recorded a sustained growth rate of 1.31% over the last 24 hours.

At the time of the press, LTC remains seventh on the list of the largest crypto-currencies in the world, with a market capitalization of 1.916 billion dollars. Its 24-hour trading volume was $ 662 million, with the ZB.com exchange representing 8.96% of the volume via the LTC / USDT trading pair. A SLD coin is currently valued at $ 31.95.

1 hour

Source: TradingView

The one-hour chart for the long-term care market suggests a gradual upward trend in the upward trend, which went from $ 30.03 to $ 30.68. However, there has not yet been a complete reshuffle of losses from $ 33.23 to $ 30.65 resulting from the downward trend. The support point at 30.63 USD and the point of resistance at 32.04 USD are stable at the moment.

the Parabolic SAR is below the candlesticks, suggesting that the market is about to recover and that the bulls have certainly taken some form of control.

the Bollinger Groups develop a little after a few business cycles without expansion or contraction. This suggests that some market volatility is imminent and that the price of the LTC is likely to increase.

the Klinger Oscillator has the trend reading line above the signal line, suggesting an uptrend in the market.

One day

Source: TradingView

The long-term chart suggests that the long-term care market has not yet cleared the downward trend that had gone from $ 51.71 to $ 23.17. However, some bullish activity helped the market recover somewhat and showed an upward trend from $ 23.28 to $ 30.68. The point of resistance at $ 39.18 remains unchanged. However, the support point at $ 29.75 is likely to be exceeded.

the Awesome Oscillator suggests that neither the bulls nor the bears have a real momentum to take control of the market.

the relative strength index suggests that buying and selling pressures in the long – term care market have eased.

the MACD graph has both the MACD line and the signal line very close to each other, neither bulls nor bears having a real moment (as shown in the histogram). This suggests the same conclusion as that suggested by the RSI index.

Conclusion

Indicators such as the Parabolic SAR, the Bollinger Bands and the Klinger Oscillator suggest that the long-term care market may experience some short-term joy while the bulls enjoy a brief run. On the other hand, there is no clear projection for the 1-day chart, which uses indicators such as Awesome Oscillator, RSI and MACD to suggest that bulls and bears are stuck.