Avalanche, Litecoin, MANA Analiza cijena: 13. januar

While the market lurched into a possible recovery window, the perception was not quite yet in favor of bulls. The broader market saw a decent recovery over the past three days and thus, reignited the bullish sentiment.

Avalanche marked a double-bottom on its 4-hour chart. With a bullish RSI, the buyers had to step in at the $96-level to confirm a further recovery. Litecoin and MANA jumped above their 20/50 SMA but failed to gather trend-altering volumes.

Lavina (AVAX)

Izvor: TradingView, AVAX/USDT

AVAX halted its previous downfall at the 61.8% Fibonacci support. As it reversed, it registered a monstrous 67.8% ROI (from 13 December low) to poke its three-week high on 22 December. Since then, the alt saw a 37.58% retracement and tested the $79.3-support.

Over the past week, after testing the above support, AVAX saw a Double Bottom on its 4-hour chart. Its neckline stood near the Point of control at the $89-mark. Now, the $96-zone was a vital point to overcome for AVAX bulls. Any further retracements would find testing support near the Point of Control.

At press time, the alt traded at $94.09. The RSI marked bullish readings but reversed from the 61-mark. Also, the Pokažite indikator zamaha suggested a high volatility phase in the near term.

Litecoin (LTC)

Izvor: TradingView, LTC/USDT

LTC managed to find an oscillating range between the $167 and $143-mark until the 5 January fallout. After exhibiting low volatility, LTC declined by over 19% until it touched its five-month low on 10 January.

The bulls failed to uphold the crucial $143 support level as the bears flipped it to immediate resistance. With this jump, LTC found itself above the 20/50 SMA.

U vrijeme štampe, LTC se trgovao po 138.7 dolara. The RSI dipped after testing the overbought mark but still maintained its uptrend. It becomes important to make note of the lower peaks on the Jačina oscilatora, hinting at a weak bull move.

decentralland (MANA)

Izvor: TradingView, MANA/USDT

On its 4-hour chart, the alt saw a breakdown from the down-channel (yellow) until the $2.7-mark two-month support. 

It succumbed to the broader sell-off by over-retracing the previous jump in a down-channel (white). Accordingly, MANA poked its five-week low on 10 January. 

Now, with over 17% gains over the past three days, MANA reclaimed the $3.02 support.

U vrijeme štampe, MANA je trgovala iznad svoje 20/50 SMA na 3.0587 dolara. The RSI tested the 60-mark once again and flashed a bullish bias. Besides, the Jačina oscilatora označene niže vrhove, što nagoveštava slab bikovski potez.