Bitcoin continues to trade inside a narrow range with no clear signs of a breakout from it. Trading platform QCP Capital said in its latest market update that Bitcoin (

Polygon price analysis

The repeated failure of the bulls to propel Polygon (MATIC) above the 20-day EMA ($0.68) may have intensified selling. That pulled the price below the support near $0.65 on Aug 15. The next support to look for on the downside is $0.60.

MATIC/USDT daily chart. Source: TradingView

The RSI is nearing the oversold levels, indicating that the selling may have been overdone in the near term. Buyers will try to start a rebound that could reach $0.65 and then the 50-day SMA ($0.70).

If the price turns down from the overhead resistance, it will signal that bears have the upper hand. That could increase the likelihood of a drop below $0.60. The pair may then nosedive toward $0.50.

If the bulls want to make a comeback, they will have to kick and sustain the price above the moving averages.

Litecoin price analysis

Litecoin (LTC) tumbled and closed below the strong support at $81.36 on Aug. 15, indicating that the bears are in command.

LTC/USDT daily chart. Source: TradingView

The RSI is in the oversold territory, indicating that a consolidation or a bounce may be around the corner. The bulls may try to defend the uptrend line. If the price snaps back from this level, it could face selling at $81.36 and then again at the downtrend line.

If the LTC/USDT pair turns down from the overhead obstacle, it will indicate that the sentiment remains negative and traders are selling on rallies. That will increase the possibility of a drop to $70.

The first sign of strength will be a break and close above the downtrend line. That could clear the path for a possible rally to the 50-day SMA ($91.70).

Polkadot price analysis

The failure of the bulls to achieve a strong bounce off the $5 support in Polkadot (DOT) may have attracted selling by the bears. That tugged the price below the support on Aug. 15.

DOT/USDT daily chart. Source: TradingView

The bulls purchased the dip below the next support at $4.74, but they are struggling to sustain the recovery. This suggests that the bears continue to sell on every minor relief rally. If the price continues lower and dips below $4.60, it will suggest that the DOT/USDT pair is in a firm bear grip. That could result in a decline to $4.22.

Buyers are likely to fiercely defend the zone between $4.22 and $4.37. On the upside, the bulls will have to thrust the price above the 50-day SMA ($5.16) to signal a comeback. The pair could then surge to the downtrend line.