February 16 – Latest News, Breaking News, Top News Headlines

Litecoin has moved into a fixed channel at press time with the crypto indicators looking strong enough to warrant a move above the $ 230 mark. Neo could invalidate its double peak bearish setup if buying activity resumes in subsequent trading sessions. Finally, SUSHI is expected to hit all-time highs if the bulls hold the $ 17 support level.

Litecoin [LTC]

Source: LTC / USD, TradingView

Litecoin has stabilized around the midpoint of its immediate support and resistance levels, at the time of writing, after a minor correction took place on the charts. The price of the crypto climbed back above the 20-SMA, highlighting the strong uptrend of the past week, which saw the cryptocurrency climb to a three-year high of $ 230. The Bollinger Band experienced some price volatility as the price re-targeted the upper cap.

The CMF showed that capital inflows into the long-term care market were healthy, despite a slight decline in recent sessions. The $ 207 support line could be crucial moving forward and if the bulls can hold that level LTC could reverse its most recent local high.

Neo [NEO]

Source: NEO / USD, TradingView

Neo’s market entered a phase of indecision after the price recovered from the support level of $ 40. Understandably, indicators were mixed between the long and short sides at the time of publication. The RSI pointed north from the 60 mark and sided with market bulls. On the other hand, the Awesome oscillator formed a double bearish peak on the charts as momentum rested on bears.

NEO, however, could invalidate its bearish signals, as buying activity has picked up in recent sessions. A sharp rise in trading volumes could cause prices to break above its upper limit of above $ 46.13.

Sushiwap [SUSHI]

Source: SUSHI / USD, TradingView

Sushiswap bulls held steady at the $ 17 support level after price recovered more than 4% after yesterday’s ATH. The MACD the line has moved above the signal line, but the histogram noted a decline in the bullish momentum. The Stochastic RSI moved lower from the overbought zone, but a bullish cross could see the index trade in the upper zone once again.

The focus would be on the near-term $ 17 level and a record high can be expected if the bulls hold SUSHI above the press time support level.

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