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Avalanche, Litecoin, Stellar Price Analysis: 18 December
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While the top altcoin was up by nearly 4.4% in 24 hours, Litecoin and Stellar marked similar daily gains on their charts at press time.
Avalanche continued its rally after seemingly leading the recovery phase.
TradingView, AVAX/USDT
AVAX became one of the few cryptos that witnessed a soaring week. The crypto registered a staggering 42.1% seven-day ROI. Although it invalidated its long-term bullish trendline (since July), it bounced back the 61.8% golden Fibonacci level.
After a bearish flag breakdown, the alt formed a rising wedge and poked the $117-mark on 18 December. Now, any retracements from here would find testing support at the 38.2% Fibonacci point that stood just below its 20 (red) and 200 (green) SMA.
At press time, AVAX traded
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