Liquity

<p>The <a href="https://www.cryptopolitan.com/liquity-price-prediction/?swcfpc=1#Liquity-Price-Prediction-2032">Liquity price</a> analysis shows that the altcoin opened the daily charts on a slightly bullish note as buyers pushed the LQTY/USD pair to a high of $1.6957 in early trading hours. The price then remained in an uptrend before dropping slightly to its key support level of $1.63, where it began an upward movement again to reach today’s current price of $1.6957.</p>



<p>The Liquity token price is up by 1.26 percent, following sideways movement during the previous 4 hours. A minor pullback below the $1.63 level may cause the LQTY/USD pair to resume its downtrend and test the next support level of $1.52. On the other hand, if buyers manage to keep prices above the $1.63 price level, then a rebound toward the aforementioned resistance at $1.77 will likely be seen in the near term.</p>



<h2 id="liquity-price-analysis-on-a-daily-chart-lqty-price-falls-below-sma200">Liquity price analysis on a daily chart: LQTY price falls below SMA200</h2>



<p>Liquity price analysis on a daily chart indicates that the LQTY/USD pair fell sharply from a high of $1.71, experiencing a large drop below the 200 Simple Moving Average (SMA200). This was followed by a brief pullback to just above the $1.63 support level, where sellers stepped in and pushed prices back down again. The RSI (Relative Strength Index) indicator dropped below 50 levels, indicating more selling pressure in the market. A break above the SMA200 may provide a new buying opportunity for traders and push prices higher in the coming days.</p>



<figure class="wp-block-image size-full"><img width="1180" height="619" src="https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-208.png" alt="image 208" class="wp-image-299984" srcset="https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-208.png 1180w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-208-300x157.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-208-768x403.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-208-24x13.png 24w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-208-36x19.png 36w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-208-48x25.png 48w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-208-150x79.png 150w" sizes="(max-width: 1180px) 100vw, 1180px" /><figcaption>LQTY/USD 1-day price chart, Source: <a href="https://www.tradingview.com/chart/YgGk5lSa/?symbol=COINBASE%3ALQTYUSD" target="_blank" rel="noreferrer noopener">TradingView</a></figcaption></figure>



<p>The Awesome Oscillator is displaying a bearish picture as the histogram turns red. This suggests that the momentum of the cryptocurrency is weakening and it may remain bearish in the near future. A lower low formed near the $1.63 support level could be a sign of more downside pressure in the near future.</p>



<h2 id="liquity-price-analysis-on-a-4-hour-chart-bulls-stage-a-comeback">Liquity price analysis on a 4-hour chart: Bulls stage a comeback</h2>



<p>Liquity price analysis on a 4-hour chart shows that the bears may have temporarily lost control, with buyers pushing the LQTY/USD pair above its key support level of $1.63. The RSI indicator is currently trading around 50 levels, suggesting indecision in the market. A move below this level could indicate a bearish trend in the coming hours.</p>



<figure class="wp-block-image size-large"><img loading="lazy" width="1200" height="634" src="https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-207-1200x634.png" alt="image 207" class="wp-image-299983" srcset="https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-207-1200x634.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-207-300x158.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-207-768x406.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-207-24x13.png 24w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-207-36x19.png 36w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-207-48x25.png 48w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-207-150x79.png 150w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/image-207.png 1202w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption>LQTY/USD 1-hour price chart, Source: <a href="https://www.tradingview.com/chart/YgGk5lSa/?symbol=COINBASE%3ALQTYUSD" target="_blank" rel="noreferrer noopener">TradingView</a></figcaption></figure>



<p>The Awesome Oscillator, however, displays a bullish picture as the histogram turns green. This suggests that bulls may be slowly taking control of the market and pushing prices higher in the coming sessions. A break above $1.77 could lead to further upside momentum for LQTY/USD pair.</p>



<h2 id="liquity-price-analysis-conclusion">Liquity price analysis conclusion</h2>



<p>Liquity price analysis shows that the cryptocurrency is trading in a bullish zone despite bearish signals on the daily chart. A break above the $1.77 resistance could lead to an extended rally while failure to do so may push prices lower and test the next support level of $1.52.</p>

Liquity price analysis: LQTY bounces off key support of $1.63 after a brief dip

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