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Avalanche, Algorand, Litecoin Price Analysis: 22 December
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The last two days witnessed a notable recovery for most alts as Ether crossed the $4,000-mark. But the bears were quick to prevent a sustained bullish rally. Accordingly, Litecoin continued its descending triangle while flashing weak near-term technicals.
Avalanche found immediate testing support at the 23.6% Fibonacci level while Algorand struggled to cross the $1.39-mark.
Avalanche (AVAX)
Source: TradingView, AVAX/USDT
AVAX was one of the few cryptos that constantly found higher Fibonacci support
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