Ethereum, Litecoin, Avalanche Price Analysis: 12 September

Ethereum has been buying and selling sideways with a minor acquire of 1.70%. ETH was eyeing its multi-month excessive of $4033.45.  Litecoin was additionally consolidating with a minor acquire of 1.10%, with rapid overhead resistance at $ 194.13. Contrastingly, Avalanche dissociated itself from the broader market sentiments and rallied 21.06% securing an all-time excessive of $ 64.87. The final time AVAX tried to succeed in this worth stage was nearly six months in the past. 

Ethereum (ETH)

Ethereum, Litecoin and Avalanche Price Analysis: 12 September

Ethereum was seen consolidating on its charts because it was buying and selling at $3432.49. Over the final 24 hours ETH moved up on its chart by 1.70%. Immediate overhead resistance for ETH stood at $3715.04, at this stage Ethereum might as soon as once more contact its one-week worth stage.

Upon toppling over the aforementioned worth resistance, ETH might revisit its multi-month excessive of $4033.47. Technical indicators pointed in direction of a optimistic worth motion for Ethereum. MACD displayed inexperienced bars on its histogram, after a bullish crossover.

Awesome Oscillator flashed inexperienced sign bars. Relative Strength Index stood above the half-line, indicating a revival in shopping for stress. In the occasion of ETH dipping, the rapid worth flooring awaiting ETH stood at $2946.43. This worth flooring marks ETH’s one-month low worth mark. On additional decline, ETH might discover help within the $2600.07 help area.

Litecoin (LTC)

Ethereum, Litecoin and Avalanche Price Analysis: 12 September

Litecoin was additionally buying and selling sideways and was priced at $182.05. It registered a minor hike of 1.10% during the last 24 hours. The rapid worth ceiling of LTC stood at $194.13 breaching this stage, LTC would once more revisit its one-week worth stage.

Sustaining over its one-week worth stage, LTC might try to the touch $218.15 after which revisit its multi-month excessive of $232.77. Key indicators pointed in direction of bullish a worth motion for the coin. MACD noticed inexperienced bars on its histogram.

Awesome Oscillator additionally depicted inexperienced sign bars. Capital inflows recovered as Chaikin Money Flow was noticed above the mid-line. In case LTC continues to consolidate over upcoming buying and selling classes, the costs might dip to their one-month low of $160.58. The extra worth stage stood at $135.32 which might mark a greater than one-month low worth mark for Litecoin.

Avalanche (AVAX)

Ethereum, Litecoin and Avalanche Price Analysis: 12 September

Avalanche depicted a rally of 21.60% over the previous day. Priced at $ 62.25, AVAX secured its all-time excessive. On the 4 hour chart, it stood above the 20-SMA line which indicated the momentum of the coin was in favour of the consumers. The rapid resistance mark stood at $ 63.27. 

MACD noticed rising inexperienced bars in its histogram. Awesome Oscillator depicted amplified inexperienced sign bars. Relative Strength Index in accordance with the four-hour 20-SMA was positioned above the $75 mark indicating that the coin was within the oversold territory. 

In case Avalanche undergoes a corrective worth pullback, the help area for the coin stood at $41.92, which can be its 2-week worth low level. The extra worth flooring stood at $33.74 and at $21.64. 

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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