Price analysis for Litecoin and Cardano October 28

Litecoin pushed through a horizontal resistance line and hit $61, but sellers have become more aggressive as traders rotate money into Bitcoin. LTC has fallen back to just under $60, a level traders watch.

If buyers defend $60 and drive the price up, Litecoin could rally back to September highs around $84, confirming a larger uptrend. The near term brings a pullback before any sustained move up. The inverse head-and-shoulders pattern beneath Litecoin's price hints at strength, but bearish divergence exists between the daily MACD and Stochastic Oscillator. If sellers take over, the $51 support level from that pattern becomes the next floor. At $58, Litecoin remains under pressure, though holding here would keep bulls in charge despite the drop from $61.

Cardano's ADA token fell over 5% in 24 hours and now trades at $0.099. Buyers pushed to $0.103 during the session, but selling pressure has returned. A major resistance wall sits at $0.11, blocking any attempt to go further.

The 50-period simple moving average on the 4-hour chart caps gains. If selling continues, traders expect dips toward $0.098 and $0.095. Bears eye the 200-period simple moving average on the daily chart at $0.0926, which would put bulls in a tight spot if the price dips there. Traders watching the daily MACD and relative strength index see bearish signals, suggesting the selloff could extend.

One technical signal bulls watch for: the TD sequential shows a red eight. A red nine candlestick in the coming sessions would confirm further downside.