Litecoin, Tron, Elrond Price Analysis: 30 January

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Litecoin failed to rise above its 200-SMA and traded close to its support at $130. Tron seemed to be under a correction as prices cooled off after touching a local high. Elrond snapped yet another all-time high, but the indicators pointed towards a bearish pullback.
Litecoin [LTC]
Source: LTC/USD, TradingView
Litecoin was unable to break above its 200-SMA (green) and the price moved lower towards $130 support at the time of writing. In fact, the bearish cycle barely showed any signs of a reversal, as the Stochastic RSI was yet to reach the oversold zone and the On Balance Volume showed that

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