The past weekend remained notably bullish for the star crypto as the prices maintained significantly above the gained levels. While the bears attempted to restrict the price to some extent, the bulls held above the support. Therefore, while Bitcoin has maintained some strength, altcoins like Ripple (XRP), Litecoin(LTC), Cosmos(ATOM) & Tezos (XTZ) are closer to showcasing diverse trends soon.
Ripple price is currently appearing bearish but it has manifested a notable rally in the past week. The XRP price rose by more than 15% to reach the monthly highs at around $0.3623. However, the bulls currently appear to have exhausted a bit and hence the prices also remain heavily drained. Regardless of the current trend, the XRP price appears to be primed to hit the target above the monthly highs soon.
The XRP price is consolidating between the crucial support and the resistance levels from the past few hours, waiting for a confirmation of an upcoming trend. Tough competition between the longs & the short trades may have hampered the upswing. However, the bulls are expected to get vigorous in the coming days, escalating the price beyond the resistance at $0.3759 to reach levels around $0.4.
Litecoin, despite the recent price slash, is displaying huge positive momentum by trading with the raising parallel channel. The price held the lower support firmly each time, the bears attempted to break down from these levels. Therefore, maintaining a firm upswing, the LTC price may surge by nearly 15% this week.
The LTC price has undertaken a slight pullback since the early trading hours and reached support at around $60.5. After consolidating for some time around these levels, the price may rebound finely to reach the target at around $70. However, a slight pullback may be expected, but the momentum may be restored towards the north.
Cosmos’ price held the lower support at $11 firmly and pulled a massive leg up to reach the target above $17. However, the bearish interference has currently impacted the price to some extent, which could remain for a short time frame.
Presently, the ATOM price has been under the influence of bulls which may nullify the bearish impact. The price may rebound finely and reach levels beyond $20 very soon. Here, the possibility of rejection may emerge and hence could be an opportunity for the short traders to play it out.
Tezos price after the recent price action has been testing the lower support area for a long, but forming a notable bullish pattern. The bulls are trying hard to clear the neckline but are facing some hindrances. However, the asset appears to be close to a significant breakout that may uplift the price by another 25% soon.
The current trade setup signifies the XTZ price is ready to undergo big breakouts all over the place. Mainly due to the formation of a double bottom structure that aims to break the crucial $2 resistance initially which may lead to a huge upswing beyond $3 soon.