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Avalanche, Algorand, Litecoin Price Analysis: 22 December
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The last two days witnessed a notable recovery for most alts as Ether crossed the $4,000-mark. But the bears were quick to prevent a sustained bullish rally. Accordingly, Litecoin continued its descending triangle while flashing weak near-term technicals.
Avalanche found immediate testing support at the 23.6% Fibonacci level while Algorand struggled to cross the $1.39-mark.
Avalanche (AVAX)
Source: TradingView, AVAX/USDT
AVAX was one of the few cryptos that constantly found higher Fibonacci supports over the past eight days. The alt registered a monstrous 55.3% nine-day ROI. Although it invalidated its long-term bullish trendline (since July), it bounced back from the 61.8% golden Fibonacci level.
The digital currency saw an expected rising
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