Insights from the Market Desk by FenzoFx.com

[FxNews]

Litecoin Technical Analysis





FenzoFx—Litecoin is holding strong at the $93.35 support, fueling a new bullish wave. Bears tested this level in the last session, but it remained intact. As long as LTC stays above $93.35, the next target is $100.12, with potential for $102.95 if buying pressure increases.

[FxNews]

LTC Once Again Presents a Buying Opportunity for Scalpers





FenzoFx—Litecoin once again is testing the $93.0 resistance area, while the price has been below the 50-period simple moving average. This level hasn't been fully tested; therefore, if it holds, LTC will likely rise toward the $100.0 resistance.

Please note that a new bearish wave toward $88.0 could develop if LTC/USD dips and stabilizes below the aforementioned support area.

[FxNews]

Ethereum Turned Bullish After It Tested Last Week's Low





FenzoFx—Ethereum resumed its bullish trend after testing last week's low at 2,340. Price action and candlestick patterns support the current momentum. The Stochastic Oscillator at 65.0 suggests the market is not overbought, indicating a likely continuation of the uptrend. The next bullish target is last week's high at 2,755.


Bearish Scenario: If ETHUSD falls and holds below 2,340.0, the downtrend from 2,755 may extend to 2,130.0.

[FxNews]

ETH/USD Technical Analysis





FenzoFx—Ethereum is retesting last week's low at 2,330 in today's session. A bullish candlestick pattern formed on Sunday after the price touched this support.

Ethereum is now trading around 2,400, showing strength in the London session. The outlook remains bullish above 2,330, with a potential target of 2,588, possibly during the New York session.


Bearish Scenario: A drop below 2,330 would invalidate the bullish view, likely resuming the downtrend toward 2,200.

[FxNews]

Ripple (XRP) Could Rally If Support Holds





FenzoFx—Ripple (XRP) has extended its downtrend from 2.650 to the key support at 2.30. XRP is currently trading slightly above this level. The smart money index reads 1.28, matching prior lows where price previously bounced. Support remains at 2.26. As long as XRP stays above this, a move toward the 2.44 resistance is likely.


Bearish Scenario: A drop below 2.26 would invalidate the bullish outlook, potentially opening the path to 2.06.

[FxNews]

Solana Found Support at $169.0




FenzoFx—Solana found support at $169.0, consolidating after its recent gains on Friday. The primary trend remains bullish above this level. Furthermore, the uptrend will likely resume if the price exceeds the immediate resistance level at $179.5. In this scenario, the next bullish target could be the $200.0 psychological level.

Please note that the bullish outlook should be invalidated if SOL/USD dips below $169.0.

[FxNews]

LTC Faced Resistance: What's Coming is Interesting





FenzoFx—Litecoin faced resistance at $93.55 and has started consolidating below this level. Despite the pullback, the market remains bullish, with the price holding above the VWAP and 50-SMA.

Support is at $91.20, and resistance remains at $93.55. A sustained move above support could push the price toward $96.60.


Bearish Scenario: If Litecoin drops and stabilizes below $91.20, momentum may weaken further, targeting the next support at $89.30.

[FxNews]

Gold Price Drops: A Great Buying Opportunity




FenzoFx—Gold formed a new bearish wave after the price dipped below $3,360. As of this writing, XAU/USD is testing the $3,323 support, which could potentially offer a favorable entry point into the bull market.

The price will likely rise toward $3,360 if this level holds. Please note that the market outlook remains bullish as long as the price stays above the $3,323 support.

[FxNews]

Bitcoin is Overbought, but $100,000 Target is Still at Hand





FenzoFx—Bitcoin is overbought at \$97,000, a signal indicated by the Stochastic Oscillator. The price is expected to consolidate before the uptrend resumes. In this scenario, a dip toward \$93,565 may provide a favorable entry point into the bull market.

Watch this level, followed by \$91,720, for bullish signals such as candlestick patterns.

[FxNews]

Litecoin Consolidates: Wait for This Before Buying





FenzoFx—Litecoin surged from $80.0 as anticipated. A candlestick pattern signaled this move yesterday morning. Although the bullish wave broke above the $91.9 resistance, the uptrend has since paused. Currently, the price trades slightly below this level, consolidating gains.

In swing trading, the key rule is to buy at the dip and sell at the high. Thus, we are not entering at this stage. Notably, the LTC/USD 1-hour chart shows a long-wick bearish candlestick, confirmed by another bearish close, with a decline in volume.

The trend stays bullish above the 50-period simple moving average. With immediate resistance at $93.65, the bearish momentum may test the previous day's high at $89.5. If this support holds, the uptrend could resume toward the $96.7 target.