Litecoin, Fantom, ETC Price Analysis: 14 February

ambcrypto.com:

With Bitcoin re-entering the $42,000-zone, Fantom and Ethereum Classic flashed bearish near-term technicals. The former lost the crucial $1.9 level while the latter eyed to test the $30-support. Furthermore, Litecoin consolidated between the $128- $123 range with a slight bearish edge.

Litecoin (LTC)

Source: TradingView, LTC/USDT

Litecoin’s (LTC) previous rally saw a 49.3% ROI from its 13-month low on 22 January that halted at the $143-mark. This level was near the 23.6% Fibonacci resistance.

Having an over 90% correlation with Bitcoin, LTC followed the king coin’s trajectory over the last few days. It lost over 13% of its value in just the last four days. Now, the immediate resistance stood near $128 while the bears tested the $123-support multiple times in the past two days.

At press time, LTC traded at $124.8. The RSI crossed the 39-mark resistance but continued to sway below the equilibrium. It needed to find a close above its midline to reignite the recovery chances. Nevertheless, the CMF closed above the zero-line and depicted a bullish edge.

Fantom (FTM)

Source: TradingView, FTM/USDT

Since FTM reversed from the $3.32-level, the bears have exerted constant pressure. Consequently, it hit its one-month low on 24 January.

Since then, the alt was rangebound between the $2.5 and $1.9-mark until the recent retracement led the bears to breach the $1.9-mark. FTM registered an over 22% loss in just the last six days. Now, it becomes vital for the buyers to reclaim the aforestated mark that coincided with the upper trendline of the down-channel.

At press time, FTM traded at $1.87. The RSI saw a rapid downfall towards the oversold region. Now, it found support at the 30-mark while facing a hurdle at its upper trendline. Moreover, the D