Altcoin TA: XRP and LTC/BTC

Neither this post nor any other on cryptofal.com should be taken as financial advice. It is not.

XRP weekly candle chart, 3/22/22.

XRP has had an interesting consolidation pattern for a while now. While it broke longer-term support around the new year, it’s now testing that same former support turned resistance. The MACD looks to be swinging upwards and so does the MFI.

LTC/BTC daily ratio candle chart, 3/22/22.

LTC has been consolidating in this pattern since last May. It could be preparing to test resistance once again in the coming weeks if altcoins start to make significant moves. The MFI is on a strong uptrend as it approaches overbought territory. The MACD is also swinging up as well.