Litecoin, IOTA, Monero Price Analysis: 09 September – Digital Market News

September 9, 2020 By admin

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.

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Litecoin [LTC]

Source: LTC/USD on TradingView

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.

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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.


Source: IOTA/USD on TradingView

Parabolic SAR gave a sell signal. Its signals have switched from buy to sell in the past few days