1. BITBILIHome
  2. Article

Liquity price analysis: LQTY is up again as bullish momentum extends to $1.26

• 188 views

TL;DR Breakdown

  • Liquity price analysis shows an uptrend
  • Resistance for LQTY is present at $1.27
  • Support is present at the $1.23 point

Liquity price analysis shows that the price is covering upward movement once again, as the bulls have been at the lead today as well. The past day had been highly favourable for the bulls as the price advanced at a rapid speed. Today, the trends have been no different as the price has increased up to the $1.26 level. Further improvement in LQTY market value can be expected as the hourly price chart predicts an uptrend as well.

image 1013Liquity price analysis: LQTY is up again as bullish momentum extends to <img decoding=
Cryptocurrencies price heat map, Source: Coin 360

The price opened today, trading at $1.23, but the bull run was short-lived as the price corrected higher to reach the current level. The broader cryptocurrency market is also bullish today as Bitcoin shows a three per cent gain in value, standing at $27,586, Ethereum shows a 1.41 per cent gains with a $1,854 price tag, and most altcoins also reporting bullish market sentiment, with LQTY being no exception.

Liquity price analysis daily price chart: Bullish trend extends to $1.26

The daily chart of LQTY reveals a strong bullish trend in the market as the price continues to move higher. The Bulls have been in complete control of the market as they extend their control higher. The daily chart reveals a clear uptrend with resistance present at $1.27, but there’s also support at the $1.23 point to keep any downside movements in check. The 24-hour trading volume is reported at $9,006,834 million, with a decrease of 28.46% compared to the previous day, while the market cap stands at $116,709,808.

image 1012Liquity price analysis: LQTY is up again as bullish momentum extends to <img decoding=
LQTY/USD 24-hour price chart. Source: Tradingview

The Chaikin Money Flow (CMF) indicator is also providing a bullish outlook as it stands at 0.09, which represents an accumulation of capital in LQTY. The Moving Average Convergence Divergence (MACD) indicator also confirms a bullish trend in the market. The MACD line is currently above the signal line, and the histogram is positive, which suggests more gains for LQTY in the upcoming sessions. The Relative strength index (RSI) is at 38.17, which indicates that the market is neither overbought nor oversold.

Liquity price analysis 4-hour chart: Bullish pattern is being formed

The four-hour chart of LQTY reveals a bullish pattern being formed. The price is currently trading above the 50 EMA line, and a bullish crossover has been recently formed between the 12EMA and 26EMA lines. The support for the price is situated at $1.23, while the resistance is present at the $1.27 point, indicating a tight trading range in the price.

image 1011Liquity price analysis: LQTY is up again as bullish momentum extends to <img decoding=
LQTY/USD 4-hours price chart. Source: Tradingview

The 4-hour Chaikin Money Flow (CMF) is also in a bullish trend as it stands at the -0.08 mark, indicating capital accumulation in LQTY price. The Moving Average Convergence Divergence (MACD) is also in a bullish trend as the MACD line is currently trading above the signal line, and the histogram is positive. The Relative Strength Index (RSI) is currently at 51.63, indicating a neutral market sentiment.

Liquity price analysis conclusion

Overall, the Liquity price analysis shows that the bulls are in complete control of the market as they push prices higher. The daily chart reveals a strong uptrend with resistance present at $1.27 and support at $1.23 point, while the 4-hour chart is forming a bullish pattern. If the bulls can continue to hold the gains, more upside potential can be seen in the upcoming sessions. However, if bearish momentum starts to pick up, the support levels should help prevent any major downside movements.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Liquity price analysis: LQTY is up again as bullish momentum extends to $1.26

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年5月31日 16:00
Next 2023年5月31日 18:09

Related articles

  • RBI charts new global course in crypto discourse amid India’s G-20 presidency

    TL;DR Breakdown Currently holding the G-20 presidency, India is driving the global discourse on cryptocurrency regulations. A synthesis paper from the IMF and the FSB will guide global cryptocurrency guidelines. The RBI is keen to explore cryptocurrency’s macroeconomic and cross-industry implications and risks. In an unconventional step, the Reserve Bank of India (RBI) has shared its intent to broaden the worldwide perspective on cryptocurrency, particularly emphasizing its overarching economic impact. The initiative, described in the RBI’s annual report, signals a paradigm shift from examining the isolated implications for individual nations and customers towards a more comprehensive understanding of the global economy. India’s G-20 presidency tenure is catalyzing this momentum. India’s finance chief, Nirmala Sitharaman, previously declared that the international prioritization of cryptocurrency regulation is essential. In collaboration with the RBI, she foresees this subject becoming a cornerstone of the G-20 discussion under India’s leadership. This standpoint aligns with the February announcement, where global cryptocurrency guidelines were anchored to a synthesis paper co-authored by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). The latter, an international authority in…

    Article 2023年6月2日

  • UBS CEO is confident about his company’s future

    TL;DR Breakdown UBS CEO Sergio Ermotti aims to bolster confidence in his company following the historic acquisition of Credit Suisse. Ermotti acknowledges UBS’s large size but highlights its business model’s role in generating Swiss wealth. The merger forms a banking giant with a combined balance sheet of $1.6 trillion and a workforce of 120,000. Description The Swiss banking industry is on the precipice of a significant transformation as UBS, one of the country’s banking giants, seals its historical acquisition of former competitor, Credit Suisse. In the wake of the deal, UBS CEO Sergio Ermotti took it upon himself to bolster confidence in his organization and reassure Swiss stakeholders of its … Read more The Swiss banking industry is on the precipice of a significant transformation as UBS, one of the country’s banking giants, seals its historical acquisition of former competitor, Credit Suisse. In the wake of the deal, UBS CEO Sergio Ermotti took it upon himself to bolster confidence in his organization and reassure Swiss stakeholders of its promising future. UBS: A shining beacon of prosperity Ermotti, who reassumed his…

    Article 2023年6月20日

  • Avalanche Price Prediction 2023-2032: Time to Buy the AVAX Dip?

    Contents hide 1 Avalanche Price Prediction 2023-2032 2 How much is AVAX worth? 3 Avalanche price analysis: AVAX recovers from the monthly low 3.1 AVAX price analysis 1-day chart: AVAX lost 50% of its value 3.2 AVAX/USD 4-hour price chart: AVAX/ USD recovery in the short term 3.3 What to expect from AVAX price analysis next? 4 Avalanche Price Prediction 2023-2032 4.1 Avalanche AVAX Price Prediction by Cryptopolitan 4.1.1 Avalanche Price Prediction 2023 4.1.2 Avalanche Price Prediction 2024 4.1.3 Avalanche Price Prediction 2025 4.1.4 Avalanche Price Prediction 2026 4.1.5 Avalanche Price Prediction 2027 4.1.6 Avalanche Price Prediction 2028 4.1.7 Avalanche Price Prediction 2029 4.1.8 Avalanche Price Prediction 2030 4.1.9 Avalanche Price Prediction 2031 4.1.10 Avalanche Price Prediction 2032 4.2 Avalanche Price Predictions by Walletinvestor 4.3 Avalanche Price Predictions by CryptoPredictions 4.4 Avalanche Price Predictions by Digitalcoinprice 4.5 Avalanche Predictions By Industry Experts 5 Avalanche Overview 6 AVAX Price History 7 Recent News/Opinions on Avalanche Network 8 More on Avalanche/AVAX 8.1 What is Avalanche & AVAX? 8.2 What makes Avalanche the best smart contracts platform? 8.3 Avalanche Features 9 Conclusion Avalanche…

    Article 2023年6月14日

  • Pakistan shifts from US dollar to Chinese Yuan for oil trade

    TL;DR Breakdown Pakistan has paid for its first government-to-government import of discounted Russian crude oil using Chinese currency, indicating a significant shift from the U.S. dollar. This comes as Pakistan faces a severe economic crisis, with scarce foreign exchange reserves and a potential default on its external debt looming. Pakistan’s Petroleum Minister Musadik Malik assures that refining Russian crude will be commercially viable, with no loss to be incurred. Pakistan has completed its first import of discounted Russian crude oil, using Chinese currency instead of the typically used U.S. dollar. This shift arrives as Pakistan navigates an economic crisis marked by a severe balance of payments issue, threatening a potential default on its external debt. The country’s foreign exchange reserves are perilously low, barely covering a month’s worth of controlled imports. Pakistan transitioning to new markets The discounted Russian crude oil is the first of its kind procured under a deal sealed between Islamabad and Moscow earlier this year. Without revealing the specific commercial details of the agreement, Petroleum Minister Musadik Malik confirmed that the “payment was made in RMB”….

    Article 2023年6月15日

  • BRICS Bloc confirms the status of its new members

    TL;DR Breakdown A Russian diplomat has confirmed that the newly invited members of the BRICS have accepted the invitation. BRICS members to decide on balance at the next summit. Description The BRICS summit, an annual gathering of member countries Brazil, Russia, India, China, and South Africa, recently concluded its 15th edition in South Africa with significant developments. Notably, the existing five member states extended invitations to six nations to join the group, ushering in a new phase of expansion for the influential bloc. The invitations … Read more The BRICS summit, an annual gathering of member countries Brazil, Russia, India, China, and South Africa, recently concluded its 15th edition in South Africa with significant developments. Notably, the existing five member states extended invitations to six nations to join the group, ushering in a new phase of expansion for the influential bloc. The invitations were accepted, affirming the shared desire to enhance collaboration and cooperation within BRICS. Russian diplomat hails the positive start to the expansion Russian Deputy Foreign Minister Sergey Ryabkov, a prominent figure in the summit, revealed that all…

    Article 2023年8月27日
TOP