Uniswap, Litecoin, NEAR Price Analysis: 17 January
While transforming the broader sentiment is still a dream scenario for the bulls, the near-term technical indicators of Uniswap, Litecoin, and NEAR flashed a slight buying bias.
Uniswap pulled back from its immediate supply zone while Litecoin jumped above its 20/50/200 SMA. NEAR managed to attain its lifetime milestone on 15 January and formed a bullish divergence with its RSI. However, it still needed enough volumes to sustain its edge.
Uniswap (UNI)
Source: TradingView, UNI/USDT
After the $19.89-mark displayed strong resistance, the rising wedge broke down to test the Point of Control (red) multiple times. The 5 January sell-off saw an engulfing red candlestick that propelled an over 26% retracement until its three-week low on 8 January.
As a result, it fell below its Point of Control (red) and marked a down-channel (white) on its 4-hour chart. Over the past week, the alt saw a double-bottom pattern on its 4-hour chart. Consequently, it broke out but again reversed from the $18 supply zone.
Now, to prevent a further downturn, the bulls had to defend the $16.6-mark near the crossover of 20/200 SMA.
At press time, the alt traded at $16.94. The RSI poked its record high at 77.9 on 16 January before a steep plunge toward the midline. It eyed to retest the midline before committing to a trend.
Litecoin (LTC)
Source: TradingView, LTC/USDT
LTC managed to claw back in an up-channel and reclaim its oscillating range between the $167 and $143-mark. The altcoin saw a 25.7% ROI (from its five-month low on 10 January) until press time. Meanwhile, the bulls managed to flip the vital $143-reistance as support.
With this jump, LTC found itself above the 20/50/200 SMA. At press time, LTC traded at $151.4.
The RSI headed to test the overbought
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