DOT and LTC analysis – stable growth continues. Where are the nearest targets?
2 min readToday we look at the analysis of two high-cap coins – DOT and LTC. In the last days, during the growing trend of cryptocurrencies, most altcoins do not reach such a percentage as BTC alone. The result is a growing dominance of the main cryptocurrency. However, the fact that altcoins against BTC may decrease does not mean that they do not increase in value against fiat currencies. So let’s look at an analysis of these two altcoins against the USD.
DOT / USD
Polkadot is located from the last low at $ 10.37 in the rising leg. The price nicely respects MA21 and has tested this indicator 5 times as support. The market price is even traded at the level of point of control, which was also the first target.
Volumes are relatively stable during the increase. RSI also stagnates, creating a negative divergence. However, the indicator did not reach the overbought phase, so we can also consider the growing leg to be stable.
The problem is that in the long run, the price has still not set a rising minimum. If a minimum is created in the coming days, which is higher than the previous one, then we can talk about reversing the trend.
The market price is likely to exceed the point of control, resp. may stagnate here. The bull targets we will be tracking are located at levels of $ 17.00 and $ 19.00. In the long run, however, the sideway structure may not be over and we will still wait for real growth.
LTC / USD
Litecoin in terms of technical analysis, it is quite similar to Polkadot. Long-term lows are still declining and the growing leg is still not over. The market price exceeded both short-term and long-term point of control. The $ 130 to $ 137 zone provides long-term support.
Even during this growing leg, the volumes are quite stable to increasing. RSI also points to a negative divergence, but it is also not overbought.
The nearest resistance is at the level of $ 150 and the most bullish target is currently at $ 175. However, the LTC and DOT tariffs we learned about in this analysis will only be achieved if BTC breaks through resistance in the $ 42,500 range.
Disclaimer: This article is for information purposes only and should not be construed as investment advice.
