In the second half of the week, the crypto market switched from bear to bull and accelerated for the world of Altcoin. The fact that investor interest directed to certain assets provided strong gains in some subcoins. Here are the three Altcoin that are the trends on the market today and attracting attention!
Stellar (XLM): Is this a big break in this Altcoin?
Stellar (XLM) is traded in a symmetrical triangular formation and is currently pricing for $ 0.419. If a upward break occurs, XLM may trigger a rally towards $ 0.58. In order to verify this rise, the XLM must first convert $ 0.48 to support. The 7 %increase in the last 24 hours increased the confidence of investor, while strengthening bull signals. Continuous purchase pressure will be critical for the continuation of this trend.
However, if the support of $ 0.416 is lost, investor confidence may be shaken. Going below this level can withdraw XLM up to $ 0.35 and invalidate the current rise scenario.
Lido DAO (LDO): The top resistance was broken, what’s next?
LDO, rising triangular formation by breaking the market attracted attention. LDO, which rose 15 %in the last 24 hours, strengthened the bull signals and opened the door of a new wave of ascension. However, in order to finalize this output, LDO has to turn the $ 2.20 resistance to support. If this happens, LDO is expected to rise to $ 2.61, which can increase the profits of investors.
If the LDO does not exceed $ 2.20, the price may continue to consolidate on $ 1.82 support. This may delay the expectation of rise and may require investors to be patient for a new movement.
Litecoin (LTC): Is this Altcoin flight with confirmation?
Litecoin (LTC), 12 %in the last 24 hours, attracted the attention of investors. SEC’s evaluation of Canary Capital’s SPOT LTC ETF application caused Litecoin to be trendy in the crypto community. However, in order to happen, the level of $ 136 must be exceeded. If this is broken with this success, bull acceleration may become more strengthened and the rise of LTC may accelerate.
But Litecoin had historically difficult to overcome the $ 136 resistance. If this level creates a strong resistance again, LTC can withdraw to $ 117 and can invalidate the bull appearance.
CONCLUSION: The first signals of the Altcoin bull season?
In the crypto market, interest in certain subcoins is increasing, and technical indicators indicate that some tokens can start large rally. However, it will be critical to exceed the key resistance levels and to monitor market dynamics.
The biggest question for investors: Is these rises the harbinger of a new bull season or is it the last output opportunity before a correction?
