Cryptocurrencies Price Prediction: Litecoin, Stellar & Dogecoin – American Wrap 27 December
|Litecoin price enters buy-zone again as risk appetite remains the central theme
Litecoin (LTC) price is currently on the backfoot as thin volume sparks a slight correction, pushing price action below the monthly S1 support level at $160. With that move, however, LTC has entered a pre-defined zone providing an excellent buying opportunity between $155 and $138. Expect demand to stay persistent in 2022, which should spark a short rally back up to $170.
Stellar price heading for $0.32 with bulls in a festive mood
Stellar (XLM) price has opened today above $0.28, which shows that bulls are trying to push the trend higher. The Relative Strength Index (RSI) is confirming the high demand with a move above 50 but still holds plenty of upside potential. The price target looks to be set at $0.32, where both the 55-day and 200-day Simple Moving Average (SMA) form a double cap.
Dogecoin presents buying opportunity before DOGE spikes to 0.38
Dogecoin price has picked up some excellent, bullish traction over the past two weeks. An expected gap-fill between the bodies of the weekly candlesticks and the weekly Tenkan-Sen is currently underway but may extend beyond the Tenkan-Sen.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.