Technical Analysis of Dogecoin (DOGE), Litecoin (LTC) and Cardano (ADA) – 19.04.2021


Bitcoin‘earth(BTC) the crypto currency market, which was confused by its sharp decline, has given signals of recovery, and the total value of the market continues to hold above $ 2 trillion. So, how are the altcoins performing at this correction stage?

DOGE Technical Analysis

Even when the entire crypto money market is falling, it is catching the rise and surprising the crypto money market in this sense Dogecoin (DOGE), actually, he’s still doing it. Although the DOGE has risen by 400% in the last 7 days, it refuses to experience a correction.

The DOGE, which has risen 24% in the last 24 hours, recently broke the all-time record with $ 0.42. The fact that April 20 is declared DOGE’s day shows that fundamental analysis, rather than technical analysis, can be effective. A FOMO that will occur can cause the price to rise psychologically to $ 0.50 and then to $ 1. Meanwhile, the base between the 0.30 dollar and 0.25 dollar levels is very important as dec support.

Critical Supports and Resistors for LTC

On the other hand, Litecoin (LTC) could not withstand the sharp decline and the price fell to the 200 dollar band at a time over the 300 dollar. Although there are no major developments for LTC at the moment, it is expected that the rise experienced by the entire crypto currency sector will also affect this.

Looking at the LTC/USD pair, it seems that the 280 dollar is a critical resistance. breaking the $280 had previously brought the $320 support to the price. Although the LTC price is expected to repeat the same rise, the commercial volume is definitely well below the old level. One of the main supports to be considered in a possible decline for LTC is $ 220 and $ 180.

ADA Is Counting on the Spot

Cardano (ISLAND), on the other hand, neither rose as hard as the DOGE, nor fell as hard as the LTC. ADA, which has already been trading at the level of 1.20 dollars for some time, also experienced consolidation at this level after the decline. As of the moment of writing this article, ADA, which was trading at $ 1.19, could not break this resistance.

After the ISLAND price reached the level of 1.2 dollars, it is seen that the resistance of 1.35 dollars is expected. If ADA can break the resistance of the 1.35 dollar in the short term, the price can be expected to test the psychological resistance of the 1.5 dollar. As of the moment of writing this article, the ISLAND is only 4 billion dollars above Polkadot.

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