How WIF, JUP, LTC, and RNDR Costs Examine to One One other

• WIF, JUP, LTC, and RNDR registered value jumps within the final seven days.
• WIF and JUP have a powerful correlation with the Supertrend indicating extra upside.  
• Whereas LTC’s bullish thesis remained current, RNDR would possibly commerce sideways.

Costs of many cryptocurrencies have been hitting weekly highs just lately, and the likes of dogwifhat (WIF), Jupiter (JUP), Litecoin (LTC), and Render (RNDR) haven’t been neglected.

Within the final seven days, WIF’s value has elevated by an unbelievable 107%. JUP, like WIF, jumped by 26.07%, and AI-themed RNDR registered a 3.68% enhance. Lastly, LTC rose by 23.91%.

On this piece, Coin Edtion considers how the value actions of those cryptocurrencies examine with one another. First, the evaluation would concentrate on WIF towards JUP since they had been each constructed on Solana. Subsequent up is an in-depth evaluation of LTC and RNDR.

WIF vs. JUP

At press time, WIF modified arms at $4.59. JUP, alternatively, was $1.53. From the 4-hour comparative chart, there appears to be a powerful correlation between WIF’s value motion and JUP’s.

As an illustration, when WIF tumbled between March 21 and 23, JUP additionally did the identical. It was the same scenario on March 30 as each tokens rallied to new highs.

Going ahead, it appears just like the connection won’t stay the identical. This was due to the indication proven by the Supertrend. Regardless of the value jumps JUP and WIF have had, the Supertrend didn’t establish a promote sign that would push again the upswing.

Therefore, it’s seemingly that the costs would possibly climb additional. Nonetheless, the Relative Power Index (RSI) hit the overbought area, suggesting {that a} retracement could possibly be on the playing cards. If WIF or JUP retraces, there’s a probability {that a} more durable pump would possibly seem as soon as shopping for strain returns. 

LTC vs. RNDR

The 4-hour evaluation of LTC/USD towards RNDR didn’t produce the same consequence to the one talked about above. In contrast to WIF and JUP, the value motion of LTC differed from RNDR.

For instance, RNDR struggled to withstand a decline on March 29. Nevertheless it was across the identical interval that noticed help that triggered an engulfing candle that cleared the overhead resistance and hit $103.96.

A take a look at the Exponential Transferring Common (EMA) displayed a golden cross on the LTC/USD chart. At press time, the 20 EMA (blue) had crossed over the 50 EMA (yellow), suggesting a bullish pattern for the coin.

Nonetheless, merchants must be careful. If Litecoin’s value drops beneath the 20 EMA, the bullish bias could be invalidated. For Render, it doesn’t look like the worth would produce a major bounce within the quick time period as it’d commerce sideways between $10.83 and $11.12.