This article discusses the current price forecasts for several popular cryptocurrencies, including Litecoin, Shiba Inu, Polkadot, and Ethereum (ETH).
Litecoin: Triangle Breakout
Litecoin is trading around $109.9 after a breakout from a symmetrical triangle. If buyers maintain this support level, momentum could drive the price towards targets of $150 and $280. The strategy is to respect the breakout line and monitor volume on green days.
Shiba Inu: Compression Before a Move
Shiba Inu sits at around $0.00001219. A clean breakout above the upper boundary could push the price towards $0.0000130 and higher if volume expands. Otherwise, a retest at $0.0000115 may occur.
Polkadot: Intraday Trend Stability
Polkadot (DOT) holds near $0.2813 after tapping $0.2944. On the hourly chart, MA7 is above MA50 and MA100, with rising volume. If higher lows hold, DOT can continue its upward trend.
Current forecasts indicate that Litecoin, Shiba Inu, and Polkadot are in interesting technical positions. Investors are carefully monitoring support and resistance levels to optimize their market positions.