Monero Technical Analysis: XMR/USD another breakout in the works, Litecoin's Charlie Lee says he is interested in Monero
|- Monero price on Tuesday was nursing minor losses, down around 0.8%.
- XMR/USD price action moves into consolidation mode, following excessive price action seen.
- The price is moving within a new range-block as seen on the 60-minute chart view. Behavior suggest a breakout could be right around the corner, given tightening observed.
- Litecoin creator Charlie Lee says he is interested in Monero. Noting that it is one of the most attention grabbing cryptocurrencies.
XMR/USD 60-minute chart
Spot rate: 107.740
Relative change: -0.80%
High: 112.440
Low: 108.140
Trend: Neutral/Bearish
Support 1: 106.260, 50MA (60-minute) chart & support.
Support 2: 104.710, 100MA (60-minute).
Support 3: 101.300, demand zone.
Resistance 1: 109.465, resistance on 60-minute chart.
Resistance 2: 114.400, supply zone.
Resistance 3: 115.700, high area between 5-8 October.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.