Litecoin, Bitcoin Cash, and Ethereum Classic: Technical Analysis Dey Show Ongoing Volatility and Cautious Sentiment for Old-school Cryptos
Tori wey clear well-well dey show say legacy cryptocurrency dem like Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum Classic (ETC) dey face ongoing wahala with plenty market shakings and them dey waka from bearish go neutral trend. For last six months, all dis three coin don drop heavy — LTC don gbaski down 35.18%, BCH near 35%, and ETC don drop pass 54%. Some tin from recent months show say small recovery happen, LTC rise 5.94%, BCH jump 14%, and ETC climb 8.42%. But technical indicators like Relative Strength Index (RSI) and momentum oscillators still talk say market mind be bearish or neutral, no clear sign say dem don oversell or trend don change direction for any of dem asset. Support and resistance levels matter well: LTC dey trade between $76 and $102, strong resistance dey for $117.63 and support dey $65.82; BCH dey between $356 and $468, resistance dey $520 and support na $296; ETC dey waka between $14.70 and $20.10, strong resistance dey $23.25 and support na $12.44. Even though short consolidation phase dey show say maybe accumulation dey happen, strong bearish momentum and negative technical signs mean say traders suppose dey careful to enter when price dey support level and wait make breakout for resistance happen well-well before dem go position for potential rise. For this kind market time, e important say crypto traders dey monitor all these technical levels well and dey watch for big shaking or trend confirmation for assets wey don settle already.
Neutral
Both report dem show say Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum Classic (ETC) dey face ongoing bearish or neutral technical condition despite say dem don get some short-term gains recently. The momentum indicators and RSI readings dem dey show negative or neutral levels, and the consolidation patterns never still give confirmed bullish breakouts above resistance. Traders dem supposed to act with caution, dey monitor support and resistance levels well well, because the technical analysis no dey talk say trend go reverse sharply or get strong bullish scenario for short term. E fit be say price fit go up if key resistance break, but the overall market outlook remain neutral till more clear trend show.