- 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%
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.