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Shiba Inu, Ripple (XRP) and Luna Classic (LUNC): Technical analysis of Altcoin

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Altcoin technical analysis: How much will Shiba Inu, Ripple (XRP) and Luna Classic (LUNC) cost?

In the last 24 hours on Turkish crypto money exchanges, 3 altcoins attract attention with high trading volume. These altcoins are Shiba Inu (SHIB), Ripple (XRP) and Luna Classic (LUNC). Let’s look at what the price analysis of these crypto coins shows.

Critical levels for Shiba Inu (SHIB) price

The Shiba Inu (SHIB) price rallied 60 percent in the last week of January. As a result of this rally, it peaked at $0.00001295. However, it then declined, forming a trading range of support and resistance levels. Finally, the 50 SMA and 100 SMA supported $0.00001192, where the simple moving average lines are located, and rose until it reached $0.00001299 again. It has now retreated a bit and is seeing resistance at $0.00001266.

Ripple (XRP) price is flat

The price of Ripple (XRP) is trading with a horizontal appearance, maintaining certain levels. XRP price is now facing resistances in the $0.4160 zone. However, it recently hit a weekly high above $0.43. But now the simple moving averages on the 4-hour chart are providing support for the price around the 50 SMA and the 100 SMA lines around $0.40.

Luna Classic (LUNC) price skyrockets

The price of Luna Classic (LUNC) has been recording a remarkable vertical rise in the last 24 hours. This uptrend started at the 200 SMA simple moving average line. As a result of the 25 percent rally, the LUNC price peaked at $0.00021107. It is now trading slightly below the $0.0002 level with a correction of this rally, retreating slightly.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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