We shall recommend trailing the stops higher after the price sustains above $8,452.
If the bulls can carry the price above $270.15 and sustain it, a rally to $306.78 is possible.
If the price can sustain above $50, a rally to $60 and above it to $66 is possible.
The LTC/USD pair might pick up momentum above $52. Conversely, if the bulls fail to sustain the price above $50, a drop to $47.8264 is possible.
If the bulls can sustain the price above the downtrend line for three days, it will signal a possible change in trend.
If the price sustains above $14.5201, a move to $16.50 is likely.
If the bulls can now scale the price above $177 to $188.69 resistance zone, a rally to record highs is possible.
On the other hand, if the bulls fail to propel the price above the overhead resistance zone, the bears will attempt to sink the price back below $155.38.
If the price bounces off the current levels or the 20-day EMA, the bulls will again attempt to push the price above $60. We do not find any reliable buy setups at the current levels we remain neutral on the XMR/USD pair.
On the other hand, if the price bounces off the moving averages, the bulls will again try to push the price above $0.0163957.
Price Analysis Jan 13: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, TRX
Published on Jan 13, 2020
by Cointele | Published on Coinage
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