Market Update

Toncoin (TON), Litecoin (LTC), Avalanche (Avalax)

With the arrival of total economic expectations and regulatory news to the encryption market, Altcoins has shown great fluctuations in the past few days. However, we will focus on market offers for Toncoin (TON), Litecoin (LTC) and Avalanche (Avax).

Toncoin price analysis (ton)

It was a ton under great sale pressure. He is currently Trading at $ 4.861.40 % decrease in the last 24 hours and 4.10 % in the previous week. Although she found some support about the level of $ 4.70, it has struggled to exceed the resistance 5.00 dollars, raising concerns about its short -term view.

The bullish scenario of the ton is the outbreak of the landline line and an upward cross from the simple moving average 9 and 18 (SMA), which can lead to a bullish batch towards the level of $ 6.00. If the decline in the alignment and the separation of prices persists to less than the support line at $ 4.60, we can see a possible decline to the next support at $ 3.40

Litecoin (LTC)

The Litecoin ecological system has noticed an increase in the last two days, with updates related to the approval of the American Securities and Stock Exchange Committee (SEC) on the Canary Capital. Litecoin owners are optimistic that this recognition collapses in the market.

For this technical analysis, we evaluate the trading range of less than $ 106.17 and a height of $ 133.59. Fibonacci’s decline may provide a level of 0.786 within this range, which corresponds to the main support level, the meeting necessary to refer to the immediate upward momentum.

The moving averages also showed 8 and 18 bullish intersections in the daily time frame, indicating a budget trend to the price of $ 147.34.

If LTC maintains its upward trend, the gathering will be extended by 14 % of its current level to re -test its rise on December 5 of $ 147.34.

Avalanche (Avax)

AVAX recently recorded a daily compensation for about 2000 Bitcoins (BTC), which brings important activities in its Defi ecological system. This cross bridge helped BTC to spread their assets in Avalanche applications.

Despite this feat, Avax continues to show more landfill. It maintains its constant decrease in the scattered trend line that was withdrawn from a height of $ 55.41, was created on December 12, 2024. The level of support of $ 30.74 on the horizon, and merchants hope to recover from this region.

Read more: 3 best XRP competitors to buy 3X gains in February

https://cdn.banklesstimes.com/bt/content/uploads/2024/06/1645504557-litecoin.jpg

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