Litecoin and Cardano have become the hottest crypto currencies of today when the US Sec of SEC opened the Spot Litecoin ETF for comments and Cardano announced a completely decentralized governance model. Popular Bitcoin and Solana wallet Phantom also announced that it supports for Sui, a relatively new blockchain. Experienced Technical Analyst Yashu Gola examines technical pictures of these 3 Altcoin projects.
LTC Price Estimation: The next target for Altcoin is over 260 dollars!
Litecoin (LTC) successfully exhibits a strong XRP -like price movement on its weekly graph. Following this great break, the LTC formed a bull pennant with a classic continuation formation and entered the break. Litecoin is currently trading around $ 126, and the next major Fibonacci retreat resistance is $ 178. However, depending on the moderate movement of the bull pennant, LTC may align with the level of 0.618 fibonacci, an important psychological and technical resistance zone, to $ 260.
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Both rise technical indicators, including LTC price stability of 50 weeks and 200 -week exponential moving averages (EMAs), both of which are dynamic support, support this breakage. Meanwhile, the relative power index (RSI) points to the rise momentum over 63 and without entering over the conditions of procurement. If Altcoin maintains this break and confirms the support of the pennant on the upper trend line, it can gain more upward acceleration towards its envisaged goals.
Island Price Estimation: This year there is $ 3.42 on the target!
Cardano (island) is consolidated in a bull pennant formation in a weekly time period. This points to a potential continuation of the strong rise trend. The pennant was formed after a explosive rally from $ 0.50 over $ 1,20, and now serves as a flagpole. The consolidation phase, which is marked at lower highest and higher levels, points to a period of accumulation before the next break.
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During this article, Altcoin is traded for $ 0.956, watching close to the lower limit of the pennant structure. The 50 -week and 200 -week exponential moving averages (EMAs), which are $ 0.636 and $ 0.529, respectively, strengthen the upward inclination and rise tendency. Meanwhile, the 60.29 relative power index (RSI) points to a moderate momentum and leaves space for more upward movement. A stable break on the upper trend line of the pennant can trigger a moderate movement depending on the height of the flagpole and set an upward target of around $ 3.42. This means potential from existing levels 260 %.
Water Price Estimation: Is there a 140 %run for Altcoin?
Sui (water) indicates that the bull trend will continue potentially by forming a triangular formation rising in the weekly time period. The price movement, while creating higher bottoms reflecting the increased procurement pressure, the resistance level of around $ 4,20-4.30 was repeatedly tested. According to the measured movement projection of the triangle, if the formation confirms a break, the water can make a significant run towards $ 9,89.
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Currently water is traded for $ 3.98 and its 50 -week exponential moving average (EMA) maintains its support over $ 2.37. RSI points to a moderate bull momentum at the level of 58.66. However, it still leaves room for more and more earnings. Increased transaction volume typically points to the accumulation that comes before a break. The fact that the weekly closing occurs over $ 4.30 will confirm that the rising triangle is broken and will pave the way for a potential rise of 140 %towards the envisaged target.
The opinions and estimates in the article belong to the analyst and are not definitely investment advice. As Kriptokoin.com, we recommend that you do your own research before investing.