Take Note: These Are The 7 Altcoins That Will Mark August!

Litecoin (LTC) has completed its third halving cycle today. ICX and ZEN started to gain momentum from key diagonal resistance levels. As August begins with a heavy news feed, these 7 altcoins require particular attention in the coming weeks.

These 7 altcoins will price new news in August

First, Litecoin recently completed its third halving cycle. Thus, Litecoin’s block rewards have now been updated from 12.5 to 6.25 LTC. After the highly anticipated development, the LTC price remained under the control of the sellers.

LTC price is showing bullish signs as it broke out of a descending wedge since July 3. Breakouts from such structures often lead to significant bullish moves. However, LTC price soon fell to pre-exit levels.

If the altcoin price continues to rise, the next resistance is at $102. However, if it drops below $90, the bullish thesis will be invalidated. In this case, the price could decline 9% to $82.

Icon (ICX)

A new test with ICX xCall incentive started on 31st July. Testnet focuses on decentralized applications and tools. Quality posts will be able to receive up to 845,000 ICX.

Altcoin price broke out of a descending resistance line on June 22. Despite this breakout, the price failed to clear the $0.25 horizontal resistance area. Rather, the field rejected it twice, creating a lower elevation (red icon). This was also a bearish sign that the breakout might not be legitimate.

Therefore, the ICX trend cannot be considered bullish until the price breaks above the $0.25 resistance area. If ICX price explodes, the bulls could put pressure on the next resistance at $0.55. This will be an increase of 55%. If it fails to do so, however, there is a 22% drop in the $0.17 area, according to technical analyst Valdrin Tahiri.

Horizon (ZEN)

With the upcoming mandatory software upgrade of ZEN 4.1, cleaning of Horizen protected pools will begin. The expected release schedule is set as follows: Testnet – August 2023, Mainnet – September 2023.

In terms of price, the ZEN is very similar to that of the ICX. As the price broke out of a descending resistance line, it failed to surpass the main horizontal resistance at $9.45. Instead, it’s seen three times creating long top wicks (red icons).

However, it has since reclaimed that resistance level. If the rejection happens once again, the altcoin will drop to the $7 descending resistance line, a 25% drop from the current price. On the other hand, if ZEN explodes, it will rise 60% to target $15. Currently the upcoming testnet shows bullish momentum for ZEN as the price is up around 3% on the day.

Tezos (XTZ)

Tezos held an important event in London today. The meetup includes a DeFi workshop focused on cooking liquidity on the decentralized exchange, a unique Tezos feature.

Altcoin price broke out of a descending resistance line at the beginning of July. While breaks from such structures are expected to lead to significant increases, this is not the case for Tezos. Instead, the price has been spending time around the breakout level since then.

If no increase occurs, XTZ will head towards the year low of $0.70, a 17% drop from the current price. However, if the increase continues, it is possible for the price to move up 45%. The next level of resistance is at $1.20.

Ultra (UOS)

The game project Ultra is waiting for August 8. On this date, the Ultra arena will open. Arena is an esports tournament platform that allows players to compete with their friends in their favorite games for various prizes. Arena will be active on the Ultra platform.

The launch provides a much-needed boost to the Altcoin price, which has nearly broken through the yearly low support area of ​​$0.17. If Fiat breaches this yearly bottom zone, there is a 40% drop to $0.10. On the other hand, if there is a jump, the price will set the stage for a 30% increase.

Ripple (XRP)

XRP is up about 75% after its July 13 victory and is currently hovering around $0.70. Leading cryptocurrency analyst CoinsKid predicts that XRP could hit a new high of $3.70 in the coming months. This means an increase in value close to 430% for the short term.

Furthermore, the analyst suggests that there is an increase in buying pressure for XRP as the price consolidates. According to the analyst, a major price surge is on the horizon for the altcoin.

Shiba Inu (SHIB)

Shiba Inu looks forward to the possible launch of the Shibarium layer-2 network this month. ShibaSwap’s lead developer, Shytoshi Kusama, announced in a blog post that Shibarium will “probably” launch in August. Additionally, the team will attend the Blockchain Futurist Conference to be held in Canada on August 15 and 16. More details about the altcoin industry and Shibarium will be revealed on this date. As Kriptokoin.com, we have included the details in this article.