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Mantle Eyes Breakout Rally as Bullish Momentum Recovers
Mantle (MNT) surged impressively with a 19% jump on Monday, building on a 3% gain from Sunday. However, it slipped slightly by 2% on Tuesday, currently trading just below the critical 50% Fibonacci retracement level at $0.8856, drawn from the January 6 high of $1.41 to the July 1 low of $0.55.
Investors are closely watching the technical setup, particularly the recent Golden Cross between the 50-day and 100-day Exponential Moving Averages (EMAs), which signals that short-term momentum is outpacing the medium-term trend — a classic bullish indicator.
Momentum indicators support this optimism: the Relative Strength Index (RSI) rose to 60, signaling room for further upside, while the MACD line recently crossed above its signal line, confirming a strengthening bullish trend.
On the downside, a reversal could push MNT toward support near the 200-day EMA at $0.75.
Litecoin Hits Five-Month High, Targeting $146
LTC extends gains, faces overbought risk near $122 resistance
Litecoin (LTC) edged nearly 2% higher on Tuesday, extending a strong 10% rally from Monday. This rebound lifted LTC to its highest levels since early March, surpassing the key 78.6% Fibonacci retracement at $122, which is measured from the December 5 high of $146 to the April 7 low of $63.
A decisive daily close above $122 could pave the way for LTC to test the $147 peak. Additionally, the MACD and signal lines are close to crossing over, potentially flashing another buy signal.
However, caution is warranted as the daily RSI stands at 70, marking the overbought boundary, which could trigger a short-term pullback as buying pressure nears saturation.
If Litecoin fails to breach resistance decisively, a reversal could retest the 61.8% Fibonacci support level near $106.
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