Price analysis 8/16: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

If the cost rebounds off this level with strength and rises above the 20-day EMA, it will signify that the set may continue to oscillate in between $28,585 and $30,350 for some more time.The bears will come out on leading if they sustain the price and sink below $28,585. If the rate rebounds off this level and increases above the moving averages, it will suggest that the pair might continue to swing between $265 and $220 for a while longer.Alternatively, if the price continues lower and breaks below the $220 assistance, it will suggest the resumption of the drop. The bulls are anticipated to guard this level with all their may because if this assistance crumbles, the set could resume the downtrend.This unfavorable view will be invalidated in the near term if the rate turns up from the existing level and rises above the channel. A break and close above this level will suggest that the bulls are on a comeback.Related: Why is Litecoins price down today?Polygon cost analysisThe repeated failure of the bulls to move Polygon (MATIC) above the 20-day EMA ($0.68) may have intensified selling. If the bulls want to make a return, they will have to sustain the cost and kick above the moving averages.Litecoin rate analysisLitecoin (LTC) closed and toppled listed below the strong assistance at $81.36 on Aug. 15, showing that the bears are in command.LTC/ USDT everyday chart.

If the price rebounds off this level with strength and increases above the 20-day EMA, it will signify that the pair might continue to oscillate in between $28,585 and $30,350 for some more time.The bears will come out on top if they sustain the cost and sink below $28,585. If the cost rebounds off this level and rises above the moving averages, it will show that the set might continue to swing in between $265 and $220 for a while longer.Alternatively, if the cost continues lower and breaks below the $220 support, it will show the resumption of the sag. A break and close above this level will suggest that the bulls are on a comeback.Related: Why is Litecoins rate down today?Polygon rate analysisThe duplicated failure of the bulls to propel Polygon (MATIC) above the 20-day EMA ($0.68) might have heightened selling.