Avalanche, Litecoin, NEM Price Analysis: 16 December

While Avalanche defied the broader market tendencies by noting soaring gains, Litecoin and NEM refrained from stepping down from the bearish bandwagon. The latter two cryptos formed reversal patterns on their 4-hour chart while flashing mixed near-term signals. 

Avalanche (AVAX)

Source: TradingView, AVAX/USDT

AVAX persistently slackened after striking its ATH on 21 November. As a result, the price action saw an up-channel breakdown and formed a bearish flag. This fall also invalidated its…

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