Following broader market price trends, which were mostly just a consolidation, coins like Litecoin, Solana and Avalanche went the same way. Litecoin was nearing its 4-week low of $ 160.58. Solana fell 1.7% and was nearing the immediate support level of $ 140.91. Eventually, the Avalanche rally took a break and declined 1.9% in the past 24 hours.
Litecoin continued to consolidate in the past 24 hours with a loss of 1.7%. The coin was priced at $ 177.01. The immediate support line was at $ 160.58, a level it last reached four weeks ago.
On the 4 hour chart, the price of LTC was seen below the 20 SMA line. This reading suggested that the price momentum was with the sellers. the Relative Strength Index was also below half the line. Chaikin money flow saw fewer capital inflows and was therefore parked below its center line. MACD was bearish with red bars in the histogram.
If buying pressure mounts, LTC could break through the upward consolidation. Its first resistance level was $ 194.13 and then $ 218.15. If this is exceeded, LTC could hit its multi-month high of $ 232.56 again.
Solana traded at $ 158.14 after posting a 1.7% loss the previous day. Solana’s ongoing downtrend could push the coin down to trade near $ 140.91. Additional support lines have been set at $ 107.79 and $ 79.07.
Despite a loss from SOL, the key figures were still positive. the Relative Strength Index Recovery flashed as the indicator just hit the 50 mark. MACD flashed green bases on his histogram. Parabolic SAR also showed dotted lines under the price candles, indicating an uptrend.
If the above bullish thesis is true, the Alt could rise above the price cap of $ 179.02 and retest. The other resistance level was at the coin’s multi-month high of $ 212.18.
The avalanche declined 1.9% in the past 24 hours and was available for $ 71.33. The coin has recovered significantly in the past few days, but the upward trend in the coins has now taken a breather.
In contrast, AVAX was shown above the 20-SMA line on the 4-hour chart. This proposed price dynamic favored buyers. the Relative Strength Index showed purchasing power in the market as the indicator was above the half-line. the Great oscillator Bear market represented by red signal bars. MACDAfter going through the bearish crossover, red bars flashed on its histogram.
If the buying pressure subsides, the declining thesis could be true. It could pull AVAX down to trade near the $ 64.80 support level then $ 55.40. If it falls below the above two levels, it can fall near its 1-week low of $ 48.26.