Litecoin [LTC] Synthetix [SNX] VeChain [VET] Price Analysis Prediction Feb. 10

hello everyone. before moving on to the video we ask you to
support us and subscribe to our channel please. Litecoin was not too far away from the $200-level,
with LTC projected to surge above that mark over the next few trading sessions. Further down the crypto-ladder, Synthetix
and VeChain underlined the strength in the broader market as the altcoins traded at record
levels, at press time. However, there were chances of a bearish pullback
according to some indicators.

A surge of over 12% in the last 24 hours saw
Litecoin flip key resistance levels as the cryptocurrency closed in on the $200-mark. The On Balance Volume made higher highs and
highlighted the buying pressure in the market. An extended bull run could see LTC challenge
the next resistance level at $205. There was the possibility of a bearish pullback
on the charts as the Relative Strength Index traded in the overbought zone, an area of
reversal. Considering the recent bullishness in the
market, however, a fall below $172.3 was not likely even in a bearish scenario. Synthetix added 28% to its value in the last
24 hours, with the price trading at an all-time high of over $27, at press time. The 24-hour trading volume surged by over
90% as the cryptocurrency looked set to snap newer highs in the coming sessions.

The MACD underlined the strong bullish momentum
as the fast-moving line climbed well above the Signal line. On the other hand, some saturation was seen
in its market according to the Stochastic RSI, with the same in the overbought region. A bearish crossover following a drop in the
Stochastic RSI could see Synthetix move lower to its first and second levels of support
at $25.5 and $23.8, respectively. Much like its counterpart SNX, VeChain also
traded at record levels, at the time of writing. The gains came on the back of a bullish broader
market and an uptrend that saw the cryptocurrency post gains of nearly 50% in the last 30 days. The Awesome Oscillator’s green bars rose
sharply and highlighted the strong momentum on the buyers’ side.

The Bollinger Bands noted rising volatility
in VET’s market as the candlesticks traded on the upper band. While high volatility isn’t necessarily
a downside, it comes with high risks, and there was a chance of a reversal over the
next few sessions. In the event of a pullback, the support areas
lay at $0.03 and $0.027. Subscribe to our channel and open notifications
to learn more about gold, dollar, Euro, commodities, bitcoin, altcoin, cryptocurrencies and other
investment tools.

You May Also Like