February 20 – Latest News, Breaking News, Top News Headlines

Litecoin played a bearish divergence and saw a brief dip to $ 220 before climbing again. EOS targets $ 6. And It shows a demand from buyers. Decred was also in a strong uptrend.

Litecoin [LTC]

Litecoin, EOS, Decreed Price Analysis: February 20

Source: LTC / USD on TradingView

Litecoin exhibits bearish divergence. It saw a brief pullback to $ 220. By this point, the divergence played out and the selling pressure had eased. Buyers have regained control of the market.

The $ 230 level is historically significant and served as resistance in February 2018 and support in January earlier that year as prices attempted to rebound from sudden losses.

In the long term, a move above $ 230 and its retest as a support area shows some bullish strength, with the next target of $ 287. The RSI was on the rise once again and the trading volume was significant, and further gains over the next few days are likely as LTC continues its uptrend.


Litecoin, EOS, Decreed Price Analysis: February 20Litecoin, EOS, Decreed Price Analysis: February 20

Source: EOS / USDT on TradingView

EOS stayed firmly above the highlighted supply region and threatened to climb above its local high at $ 5.6. This would present the $ 6 level as a mid-term target for the bulls.

OBV has steadily shown an uptrend to show that buying volume has exceeded sell volume in recent weeks. The impressive oscillator also crossed above the zero line – an indication of the upward momentum.

Decred [DCR]

Litecoin, EOS, Decreed Price Analysis: February 20Litecoin, EOS, Decreed Price Analysis: February 20

Source: DCR / USDT on TradingView

Decred was trading in an ascending channel and was in a strong uptrend. Hourly trading volume was stable, with occasional spikes as the DCR broke through significant resistance areas in the short term.

DCR is poised to surpass its 62% extension level, plotted for its jump from $ 45 to $ 94. A climb above $ 149.9 would present the $ 164-170 region as the next technical supply region, as it is on the upper limit of the rising channel.

The MACD has been strongly bullish even on the hourly chart. Any pullback in the region of $ 140 to $ 145 over the next few days can be seen as a buying opportunity.

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