An intense week with high lateral movements around Bitcoin and its main followers has led to a speculative wave that allows many investors generate profits in short term.
Litecoin (LTC) Short Term Price Prediction
Litecoin (LTC) has already exceeded the previously exposed scenarios.
The fourth cryptocurrency by market capitalization is experiencing another bullish rally with 2.48% growth ($56.86) and an exchange volume in the last 24 hours of approximately $1,660 million dollars. The Coineal exchange with LTC/BTC pair maintains the largest market share with 8.39% of the total traded.
The Charlie Lee’s altcoin is expected to achieve its upward path with a new resistance in the next 15 days at levels of R1 ($ 59,015) and R2 ($ 62,714). Its support level is maintained at points S1 ($ 53.04) and S2 ($ 51.16).
The pattern of wedge and support drawn by the altcoin is more than evident that a maximum raised value is expected and it would as well delay its collapse at indicated support prices. Otherwise, we should expect a deceleration of this scenario for next week or sooner to reach a level close to $ 50 or lower.
The RSI indicator is projecting a fall of the altcoin within the next 7 days or sooner as a result of the bearish pressure taking control of the market, and withdrawal of short investors, who have already achieved their projected profits, just as We previously anticipated in our previous posts of this cryptocurrency.
The worst scenario is a fall of the altcoin to levels of $ 44 up to EMA 200.
IOTA (MIOTA) Short Term Price Prediction
The cryptocurrency centered on the Internet of Things (IoT) has grown with the rest of the ecosystem in the last 24 hours by 1.96%. Its spot price remains at $0.283 per token and its market capitalization of just over $787 million allows it to get closer to the top ten, even though it is currently holding the position 14 in the present ranking.
IOTA (MIOTA) presents a significant advance in recent weeks in its developments, thanks to the large application of use cases that are currently having the technology of this blockchain. Solutions like the intelligent case of energy supply in Switzerland.
In the short term, the cryptocurrency presents a similar panorama of wedge and support to Litecoin, with forecast prices at maximum resistance point “D” ($ 0.3048) and a decrease to support levels S1 ($ 0.264) at point “E”of the Elliot triangular wave graph ABCDE.
The Awesome Oscillator (AO) indicator shows a downward trajectory the cryptocurrency may have in the short term. Even though IOTA (MIOTA) is peddling the green waves, it continues to display lesser force in a positive direction as it prepares for a change of direction that may come up at any time during the month of March.
Vechain (VET) Short Term Price Prediction
VeChain (VET) is a Blockchain technology focused on companies with the aim of improving their supply chain management by connecting blockchain technology to the real world through “an integrated governance structure, a solid economic model and advanced IoT integration” .
The cryptocurrency born in June 2015 has had a vertiginous growth in the last hours with 13.98% to quote at a spot price of $0.005211. Its market capitalization of $289 million allows it to be among the top 25 in the market, with a position of 22.
VeChain (VET) is also forming wedge and support pattern, only that it has been prolonged for 5 days more than previously scheduled good moment of the cryptocurrency.
Vechain may be able to reach the maximum of $0.060 before starting its downward journey within the next 30 days to form a support level of $ 0.0042.
In the worst scenario, we would already be starting to see the short-term price contraction for VET, after having reached the resistance level of $ 0.00567 at the time of writing.
The RSI indicator draws an ascending graph, a product of the good moment that is experienced in the market, where levels of over-purchase are being presented to VeChain at this time.