CryptocurrencyPrice Analysis

Axie Infinity, Litecoin, Enjin Coin Price Analysis – 4 October

The alt market has depicted price plummets on their price chart, though some altcoins attained their record highs today, Monday. Axie Infinity attained an ATH as it trades in bullish sentiments. Enjin gained a significant 9% rise towards its resistance zone, located at $1.77. Meanwhile, Litecoin saw consolidative moves, losing 1.8%, and appears to be near its closest support at $161.70.

Litecoin

Litecoin declined by 1.8% in the past 24 hours to trade at $165.59. That move had the alternative coin nearing the support zone around $161.71. If LTC fails to stabilize beyond this area, it might plunge towards $147.98. Litecoin’s additional support sits at $135.61. Meanwhile, crypto has recorded downtrends since yesterday.

The Awesome Oscillator showed red sign bars as the MACD made a bearish cross before its histogram registered red bars. The Relative Strength Index plunged, though within the bullish territory. However, the indicator might dip under the 50-level if LTC endures a price plummet.

With a positive buying momentum, Litecoin may witness price recovery to trade around the resistance at $175.69. Its other ceiling stands at $191.78, the level it touched over the past three weeks.

Enjin Coin

The past 24 hours had Enjin Coin rising by 9% to trade near $1.60. For now, analysts expect the alt to rally towards the following resistance at $1.77, the area it touched almost three weeks ago. The asset’s buying momentum remained somewhat stable as vital technical indicators display bullish actions.

The RSI remains under the overbought region around the 70-level, displaying buying pressure. Awesome Oscillator showcased green sign bars as Bollinger Bands remained constricted, indicating lower volatility in the coming sessions. However, negative correction can see ENJ dropping towards the support at $1.48, then $1.33. Its additional price floor sits at $1.22.

Axie Infinity

Axie Infinity increased by 27.1% in the past day to hover at $155.62. The alternative coin attained an ATH as its psychological point is at $160. AXS’s buying pressure increased as its RSI stayed on multi-month peaks.

Axie Infinity gained due to resurging buyers in the financial markets. For now, AXS depicts a positive attitude. According to the 4hr chart, the alt’s price remained beyond the 20 Simple Moving Average, suggesting buyers’ momentum.

The RSI stayed beyond the 75-level due to overvalued conditions. Chaikin Money Flow remained bullish because of increased capital inflows. Price declines that witness AXS plunging towards the support at $107.45.

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