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.

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