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November 29, 2022
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Price Analysis: Ethereum, Uniswap and Litecoin – June 29

Ethereum [ETH]

ETH / USD, TradingView

The price of Ethereum has seen a 9% increase in the last 24 hours as it surpassed the $1,750 support and also the $2,000 resistance level. The price escalation was considerable, given how long Ethereum remained below that level. In fact, the asset was valued at $2,186 at the time of this writing.

The Relative Strength Index validated this upward trend in prices, with the indicator portraying an increase in buying pressure. ETH’s bullish momentum gained momentum when the green lines of the histogram were rendered over the zero line in the Awesome Oscillator.

If Ethereum’s price action extends further north, the currency would encounter resistance at the $2,600 level. In relation to the same, the Bollinger Bands indicated divergence, meaning some volatility in the short term.

Uniswap [UNI]

Ethereum, Uniswap and Litecoin Price Analysis: June 29

UNI / USD, TradingView

UNI has been trading green so far, despite a slower recovery rate compared to other altcoins in the market. At the time of this writing, the alt was trading at $18.98 due to a 10% increase.

UNI has so far been stable around the $18 level and if bulls really claim the market, the alt price could be pushed to the $22 level. Chaikin Money Flow also saw an increase in capital inflows .

The surge in Awesome Oscillator’s histogram picked up on UNI’s growing market momentum. Finally, with only a small divergence, one cannot expect a very sharp price movement thanks to the discoveries of the Bollinger Bands.

Litecoin [LTC]

Ethereum, Uniswap and Litecoin Price Analysis: June 29

LTC / USD, TradingView

With the price of Bitcoin soaring, the LTC rose and saw a 10.6% rise in prices in the last 24 hours. Litecoin has broken two major resistance levels of $135 and $139 respectively, and the currency has been available at $145.33 so far. In the case of a sustained uptrend, the next LTC resistance level to watch would be $150.

The Relative Strength Index almost mimicked the price movement on the 4-hour chart, a sign that buying pressure is building. Parabolic SAR dotted markers hover below the candlesticks currently, a discovery that validated the price action to the north.

Finally, the MACD portrayed a bullish cross with the signal line, with the indicator’s histogram portraying a rise in momentum as well.

Source: AMBCrypto

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