Overhead supply zone refers to a large volume of an asset, like a cryptocurrency or stock, held by investors who bought it at a higher price than its current value and are waiting to sell once the price rises to their break-even point or higher. This creates a "ceiling" of selling pressure at specific price levels, making it harder for the price to break through...
Failure to break resistance at $129 may cause LTC to slide on bearish market sentiment driven by macroeconomic factors if support levels (e.g. around $80-$100) fail. LTC could see $67, a previous low seen in past cycles, while resistance at $129 holds firm due to profit taking or whale activity capping upside moves.
The CRYPTOCAP:XRP #Ripple is in the beginning of the 3rd longest #ElliotWave on the way to the $5 aim.
The CRYPTOCAP:XRP is testing support at $2.45 with a potential retest of the $2.40 and $2.25 levels if the support is broken.