Litecoin (LTC) has been a relatively stable coin throughout since the beginning of the bull run that initiated in December 2020. The cryptocurrency had disappointed investors as it did not go as high as expected given the performance of other major cryptocurrencies. But investors were able to find a silver lining in the performance of the coin. Many traders turned to Litecoin as the market volatility invoked fear among them. Litecoin was utilized as a safe haven for investors.

Algorand price is trading inside a bullish consolidation pattern that forecasts massive gains.

Since the Zilliqa network executed its token burning, more than 3 million Zilliqa coins (ZIL) have been taken out of circulation. The move is a deliberate one to make the coin a bit scarce and more valuable.

The Algorand price is on the verge of confirming a bullish pattern that could reverse its trend.

The Algorand (ALGO) price has been in a consolidation mode in the past few days. The token is trading at $1.1470, which is 38% below its recent high of $1.8535. It is also about 35% above the February 23rd low of $0.8345.

Algo is currently ranked 39th, with a market capitalization of $14,051,703,723. The volume ($$370,805,907) of the coin has an increase of 41.37% in the 24-hour time frame. Volume to Market capitalization ratio for the coin is 0.1008. If the ratio goes above 0.8, then a buying rush can be seen. Algo price forecast a higher gain in upcoming days.

Algorand price decline of over 50% in February has been followed by a rising channel formation, suggesting that new buyers are not eager to buy despite the expansion of the network’s utility.

Algorand price has seen a massive bull rally, but its movement over the last month suggests a bearish outlook.

Silvio Micali, Algorand Founder before the start of 2021 shared their approach to measuring performance and the technical innovations behind their performance goals for 2021.

Algorand price is trading inside a bullish consolidation pattern that forecasts massive gains.

Algorand price is trading inside a bullish consolidation pattern that forecasts massive gains.

Algorand price crashed nearly 45% between February 20 and 23, creating the first swing low. Since then, ALGO has repeatedly faced rejection around $1.18 forming higher lows.

Algorand price shows the presence of aggressive buyers scooping up almost every drop resulting in a series of higher lows. On the other hand, sellers have rejected virtually every upswing until now, which has led to the formation of a horizontal resistance barrier at $1.15. By connecting these swing lows and the supply barrier using trendlines, an ascending triangle pattern forms.

The Algorand (ALGO) price has been decreasing since Feb. 14 but has bounced at a crucial long-term support level.