Top Lost Altcoins That Require Attention: AVAX, LTC & DOT Prices Analysis

The cryptocurrency markets are active with Bitcoin's price attempting to surpass $70,000 once again. As US trading hours commence, the markets gain strength, prompting altcoins to resist the descending trend. Some tokens that previously garnered substantial trader interest are now experiencing a decline in trading volume.

This shift implies that trader attention has moved towards different altcoins, causing Avalanche (AVAX), Litecoin (LTC), & Polkadot (DOT) prices to waver.

Avalanche (AVAX) Price Analysis

• The AVAX price shows mixed bullish and bearish pressures reflected in equal wicks on the daily candle.

• Trading near a key support level at $32.81, the current setup suggests a potential drop to lower support levels around $30.

• Despite a slight volume increase, bears maintain dominance, supporting the bearish scenario.

• Levels have dipped below the 200-day MA, and the Ichimoku clouds have transitioned from bullish to bearish.

Litecoin (LTC) Price Analysis

• Litecoin's price struggles to sustain triple-digit figures, making it an undervalued token.

• Following a breakdown from a rising parallel channel, it is forming another rising parallel channel.

• The current setup anticipates a potential breakdown as indicated by a descending RSI trend.

• Expect bulls to intervene if the token falls below $80, triggering an upward movement above $90.

Polkadot (DOT) Price Analysis

• Polkadot's price consolidates within a defined range and recently breached a critical support level.

• Increased selling pressure with a surge in selling volume is likely to persist.

• The DMI signal is bearish, yet a bullish divergence opportunity arises as the ADX rebounds from lows.

• The DOT price may consolidate at current levels or decline towards $6, potentially sparking a fresh bullish trend above the support-resistance line.