JP Morgan Chase & Co’s stock price (JPM) kept rising in the intraday levels after piercing the pivotal resistance of $216.40, amid the dominance of the main upward trend in the medium term, with positive pressure from trading above the 50-day SMA, but the gains were stymied by the RSI reaching overbought levels and sending out negative signals. 

Therefore we expect the price to extend gains and target the resistance of $234.00, provided it settles above $216.40. 

Trend forecast: Bullish 

Litecoin’s currency price (LTCUSD) inched up in the intraday levels while recouping some recent losses, amid the dominance of the main downward trend in the medium term, with negative pressure from trading below the 50-day SMA, countered with positive signals from the RSI.

Therefore we expect the price to decline and target the pivotal support of $55.20, provided the resistance of $69.00 holds on.

Trend forecast: Bearish 

Stellar’s currency price (XLMUSD) edged down in early trading today, amid the dominance of the main downward trend in the medium term, with negative signals from the RSI after reaching overbought levels, as the stock also suffers from negative pressure due to trading below the 50-day SMA. 

Therefore we expect the price to drop and target the pivotal support of $0.083458, provided the resistance of $0.103666 holds on.

Trend forecast: Bearish 

Avalanche’s currency price (AVAXUSD) moved alongside the downward secondary trend line in the short term, and moved passed the support of the 50-day SMA, thus doubling negative pressures, especially as a negative divergence formed in the RSI after reaching overbought levels, with negative signals coming out of it. 

Therefore we expect the price to decline and target the pivotal support of $19.50, provided it settles below the resistance of $28.00.

Trend forecast: Bearish