The crypto market has seen a glimmer of hope in the past 24 hours. The market pointed to an upside change after a period of serious losses. According to the CryptoBusy analytics channel, this slight recovery offers investors the opportunity to buy several altcoin projects with great potential at a discount. The analyst predicts that the three altcoin projects will see big gains in the next few weeks.
The top altcoin: Stacks (STX)
STX, the 45th largest crypto project by market cap, has managed to gain 5.43% in the last 24 hours. As a result, the price of the crypto was at $0.5669 at the time of writing.
STX Price / Source: CoinMarketCapHowever, the increase in price was not accompanied by the increase in daily trading volume in the same period. STX’s total volume in the last 24 hours was around $67 million. This represented a 6.11% reduction compared to the volume in the previous 24-hour cycle. According to CryptoBusy, STX is trading in a medium-term downside price channel. The reason the analysis channel is excited about the short-term prospects for STX is because the aforementioned price channel has forced the altcoin’s price into a major support and resistance zone.
As a result, CryptoBusy predicts that the price of STX will soon change from bearish to bullish. This bullish thesis will be confirmed when the price of STX breaks above the next key resistance near $0.67 – $0.68. If STX breaks above this level, the analyst predicts a 75% gain for the altcoin.
Quant (QNT) comes in second place
Similar to STX, QNT also managed to make gains on the day. However, the price of QNT has dropped by 9% in the last 24 hours. This caused the altcoin to change hands at $ 105.15 according to press time.
QNT price / Source: CoinMarketCapIn line with crypto’s significant price increase, QNT’s trading volume has also skyrocketed during the day. At press time, the daily trading volume for crypto was estimated at $67 million. This meant a huge increase of 362.87% on the day. In their analysis, CryptoBusy predicts that the price of QNT will soon climb to $165. But before that happens, he expects QNT to make a correction in the next few days after the recent increase in its price.
CryptoBusy says that if the altcoin price pulls back, it will drop to around $107 before the next move to the aforementioned $165 target. According to CryptoBusy, confirmation of this bullish outlook in the coming weeks will be when the price of QNT rises above the $117.90 resistance level. At press time, the analyst’s expectation of a pullback was fulfilled as the altcoin fell to $ 105.
Last ranked altcoin Litecoin (LTC)
Former crypto Litecoin is also among the altcoins with great potential in CryptoBusy’s latest analysis. In the past 24 hours, the crypto has also managed to make a profit. According to press time, the price of LTC reached $77.60 after climbing in the last 24 hours.
LTC price / Source: CoinMarketCapWith a market cap of approximately $5,673 billion, LTC ranked 12th on CoinMarketCap’s list of the largest crypto projects by market cap. This places it below Polygon (MATIC) at #11 with an estimated market cap of $5,814 billion. Meanwhile, Polkadot (DOT) ranked 13th with a market capitalization of approximately $5,404 billion.
According to CryptoBusy, LTC will potentially hit a big break soon. This bullish thesis is supported by the fact that the network is only 42 days away from the halving event. He also states that the altcoin is trading in a key support and resistance zone. CryptoBusy predicts that the price of LTC will rise as high as $105 if it breaks in the next few days. Confirmation of this bullish thesis will be when the price of LTC breaks the resistance level near $79-80. According to the analyst, if this happens, it is possible for LTC traders to gain 40%+.
The opinions and estimates in the article belong to the analyst and are not investment advice. Therefore, as Kriptokoin.com, we strongly recommend that you do your own research before investing.
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