Analysis crypto of Axie Infinity, Celo and LTC

Axie Infinity (AXS), Celo (CELO) and Litecoin (LTC): how are their respective cryptoassets performing? Are bullish or bearish phases expected? Below is an in-depth look at their analysis.

Focus on crypto assets Axie Infinity (AXS), Celo (CELO) and Litecoin (LTC)

It is worth mentioning that Axie Infinity is a blockchain-based video game inspired by the dynamics of Pokemon or Tamagotchi. In fact, it allows players to collect, breed, trade and battle with each other token-based creatures known as Axies.

Celo, on the other hand, is a platform that acts as a global payment infrastructure for cryptocurrencies and targets mobile users. To that end, Celo’s goal is for financial activity to be accessible to everyone globally by being able to send payments to and from any phone number in the world.

Finally, Litecoin (LTC) is a peer-to-peer crypto and open source software project released under an MIT/X11 license.

Will the price of crypto Axie Infinity (AXS) rise again? It does not perform as well as CELO, but better than LTC

The price of AXS rose 15.34% in the previous weeks and tried to recover $10.00 threshold. However, the attempt was unsuccessful and the price of AXS took profit from the 50-day EMA barrier.

The price of Axie Infinity is defending the $7.00 support and showing a decent pullback, indicating that buyers are active at the lower levels. However, prices lack upward momentum and are expected to see range-bound exchanges before deciding on further direction.

The price of the Axie Infinity was traded for $8.47 with an intraday increase of 1.44% and a volume to market value of 0.0658. The AXS/BTC pair is trading at $0.0003050 with an intraday drop of -0.33%which shows a minor divergence between the two pairs.

In mid-January, AXS witnessed a massive increase in buying volume, and prices also regained positive momentum. Thereafter, prices rose by around 80% in a week and broke through the $10.00 barrier with strong momentum.

However, the rally stopped nearby $14.00 and formed a bearish shooting star pattern.

The price of Axie Infinity is currently trading below the 50-day and 200-day EMA, showing a downward trend on a positional basis.

However, if bullish people succeed in pushing the price of AXS above $10.00, we can expect further upward momentumwhich can take Axie Infinity to previous heights.

On the other hand, if the AXS price falls below $7.00 support, the bears may try to pull prices further towards the year low of $5.84. Technical indicators, such as the MACD, have generated a positive crossover indicating that the uptrend will continue for some time to come. In addition, the RSI indicates that prices are in neutral territory and expect consolidation.

Celo: what can you expect for the future from the crypto?

Today’s price of Celo is $0.66, with an increase in the last 24 hours of 7%. However, it performed negatively from the top in the last week. It has a circulating supply of 491,531,934 CELO and a max supply of 1,000,000,000 CELO coins.

Not even a month ago, the crypto price was $0.76, ranking 99th among all crypto assets according to the latest data collected. CELO has a market cap of $377,126,245 with a circulating supply of 487,448,202.

Specifically, on February 13, 2023, eighteen technical analysis indicators recorded bullish signals, but also ten bearish signals. The Fear and greed the index shows 50 (neutral) on the technical indicators.

Not only that, a total of 18/30 (60%) green days have been recorded for CELO in the last 30 days, with a price volatility of 7.57%. Therefore, an optimistic forecast may indicate that this is a good time to buy CELO, but only with some conditions, listed below, from investors.

Regardless, the performance of the cryptocurrency sector greatly affects the future of CELO. Investing in this crypto requires the right strategy and asymmetric risk profiles are not suitable for investing in CELO.

It is still an excellent investment if you are financially secure and have a high risk tolerance. In fact, in addition to his speculative natureCELO is also a sector that offers exposure to global technology.

Once again, CELO is backed by stablecoins, and since CELO was a part of Google Launchpad event, it quickly gained enormous popularity.

As part of CELO’s mission, the crypto will offer financial services such as peer-to-peer transfers and allow users to pay on merchant websites. CELO reached top 50 by market value volume in less than four months. Founded by large enterprises and companies, CELO will provide several significant upgrades in the future.

Focus on the price of Litecoin (LTC)

In recent sessions within the crypto market, there have been mostly positive moves for Bitcoin, Ethereum, Ripple and Litecoin (LTC) against the US dollar.

Earlier, LTC formed a base over $85 level and thus began a new upswing.

Additionally, there was a clear move above the $88 and $90 resistance levels. During the rally, there was a break above the Fib’s 50% retracement level for the downward move from the swing high of $96.11 to the low of $85.66.

The price of LTC is now traded above $88 and the 55 (4-hour) simple moving average. Additionally, on the upside, the price is facing resistance near the $92 level. However, there is also a key bearish trend line forming with resistance at $92 on the four-hour chart of the LTC/USD pair.

We see that the trendline is near the 61.8% Fib retracement level of the downward move to the swing high of $96.11 to the low of $85.66. Either way, a move above the $92 level could push the price towards $95 level.

To conclude, it can be said that the next major resistance lies near the $100 level. Consequently, further gains can push the price towards $112 level.