This article presents a technical analysis of three popular cryptocurrencies: ADA, LTC, and TON. It explores current price levels, trends, and possible strategies for investors.
Analysis of ADA
Cryptocurrency ADA has recently broken out of a long-term descending triangle with healthy volume dynamics, indicating potential rise above $1. As of writing, the price is at $0.865, facing resistance at a previous high. A pullback to test the support level is possible, providing investors an opportunity to enter long positions.
Entry range: $0.73–$0.76, aligning with Fibonacci 0.618–0.707 levels and a high-volume trading zone. Take-profit targets are set at $1, $1.08, and $1.13. Stop-loss is placed at $0.684.
Analysis of LTC
Cryptocurrency LTC has broken out of a descending channel and is forming a flag pattern, continuing its upward trend. As of writing, the price is $105, roughly completing the short-term price target (yellow line). If the price pulls back to test the support zone, investors can seize the opportunity to go long.
Entry range: $99.5–$100.5, corresponding to Fibonacci 0.618–0.707 levels and a high-volume trading zone. Take-profit targets can be set at $110, $115, and $120. Stop-loss should be set below the flag support at $96.9.
Analysis of TON
Cryptocurrency TON has recently broken out of a triangle pattern but faced resistance around $3.275. Over the past three days since the breakout, the price has not pulled back, indicating a potential corrective move. If the price tests the support zone, investors can enter long positions.
Entry range: $3–$3.1. Take-profit targets can be set at $3.5, $3.69, and $3.95. Stop-loss should be set according to individual risk tolerance, between $2.93 and $2.89.
The technical analysis of cryptocurrencies ADA, LTC, and TON indicates various levels of support and resistance, with the potential for long positions in the event of pullbacks. Investors should closely monitor price changes and use the suggested targets and levels for managing their investments.
