Altcoins
Litecoin (LTC) and Ripple (XRP) Price Could Trigger a Bullish Trend Soon
Cryptocurrency markets have overcome the selling pressure generated by Mt. Gox BTC transfers and the liquidation of assets seized by the German government. As a result, Bitcoin price has seen a nice breakout and has broken above the pivotal resistance zone, confirming a rise above the bearish captivity. With this, traders seem to have jumped into a well of “FOMO” as altcoins like Litecoin (LTC) and Ripple (XRP) have attracted immense attention.
The data of Santiment suggests that LTC and XRP tokens are receiving higher levels of FOMO, which may lead to a euphoric surge in value. The tokens have been overshadowed by the recently launched AI tokens, RWA tokens, memecoins, etc., and thus traders’ attention on the primitive tokens has faded over time. With the rise in weighted sentiment, the token prices are expected to rise in the coming days.
THE XRP Price The price is attempting to regain levels above the multi-year ascending trendline, which could trigger a fresh rise to $1. The RSI is breaking through the descending resistance after failing several times before. Moreover, the MACD is positioned for a bullish crossover. Therefore, if the price closes the weekly trade above the trendline, it could find support in the $0.65-$0.7 range, where the bears are dominant.
As a result, the next few days could be crucial for XRP price recovery as the recovery of $1 will depend on the weekly close. Litecoin Price triggered a rise above the important trend reversal zone, reviving the possibility of reaching triple digits soon.
After rebounding from local lows, LTC price broke through a key resistance between $65.34 and $67.09. This move also caused the RSI to surge above the multi-month descending trendline, indicating the start of a new uptrend. Additionally, the +Di and -Di are on the verge of validating a bullish crossover, which could lift levels to the intermediate resistance at $88. If the bulls maintain above-average gains, a rise to $94 could be imminent.