Litecoin, IOTA, Monero Price Analysis: 09 September – AMBCrypto EnglishSeptember 9, 2020
Litecoin and IOTA were in a period of consolidation after the recent drop. Monero showed signs of recovery, while also exhibiting a bearish pattern that could see the price of the asset revisit its recent lows.
Litecoin’s Bollinger bands had squeezed a bit around the price, indicating reduced volatility in the past few days. LTC had a value of $47.8 at press time and was trading just underneath resistance at $48.4 zone.
The constricted bands could be the squeeze before a big move for LTC. This move can be confirmed when the price moved upward or downwards, and Bollinger bands widened.
Parabolic SAR gave a sell signal. Its signals have switched from buy to sell in the past few days even though the price has stayed quite close to the $0.28 level.
MACD showed a bullish crossover and continued to indicate bullishness in the near-term.
However, unless IOTA is able to close