It is normal that during the bullish moments of BTC, exposure to altcoins is reduced as much as possible. The reason is that the altcoins bleed a lot when BTC makes movements. It is also important to remember that BTC will soon reach its TOP for this Rally and for this it is important to have a strategy aimed at the altcoins because they will be the beneficiaries then when that happens.
In addition, many must ask themselves if this is the right time to invest in altcoins, you can start buying altcoins in these ranges, but I think it takes more time. As stated in the updates, we are getting a bigger upward momentum in BTC with few corrections.
After that, he will return altcoins. Then we could have the opportunity to buy these altcoins at cheaper prices.
At the time of writing, it quotes at a spot price of $ 0.0241, with a decrease of -0.08% in the last 24 hours and its inter-day volume has grown considerably to reach the figure of $ 722 million dollars per day.
Tron with his TRX token seems to rediscover the bullish path, after lateral movements that threatened to take the cryptocurrency to key support levels of $ 0.013, which was the basis of the bullish rally that reached an upward channel with maximums of $ 0.034 and that are now your immediate resistance.
If the landscape of the ecosystem continues to be positive as it has been up to now, TRX could benefit to recover space lost in the classification, since a pattern drawn by Elliot Waves projects growth of up to 30% in the middle of the year.
Even this pattern could be confirmed if we observe that we have had the precedent of a perfectly drawn trident that culminated with the ascending channel of the rally initiated at the beginning of the year.
In addition SAR Parabolic is beginning to see bullish, drawing its trajectory below the candlestick chart and RSI has begun to make a bullish turn that is already passing the current purchase levels for the TRX token.
At the time of writing, LTC has a spot price of $ 74.57 per unit, with a drop of almost four percentage points in the last 24 hours and a capitalization market of just over $ 4.5 billion, which keeps it in the fifth position of the general ranking
The 1D chart for LTCBTC is quite interesting. Open a long position in LTC, it seems juicy in the daily, MASSIVE BULLISH DIVERGENCE.
If you plan to enter LTC @ 0.0128 btc ($ 83.52) 0.0127 btc ($ 74.8) 0.01257 btc ($ 74.03) they are good prices to bid for long.
In addition, as can be seen in the graph, LTC has three resistance levels perfectly visible in the medium and long term for the rest of the year, which we believe can easily reach up to a maximum of $ 100 per unit.
Already the RSI indicator begins to draw that projection with its positive slope over the oversold range at the end of last month.
The price of cryptocurrency number nine in the global ranking has begun to correct its price, after a significant rise that brought it close to $ 0.010. At the time of writing, the lumens are quoted at $ 0.0944 with a contraction of -4.09% in the last 24 hours and a capitalization market of $ 1.8 billion.
For the medium-long term the cryptocurrency is drawing its second Elliot wave and despite its contraction remains above the SMA 100 days and the maximum inflection point of descent in S1 levels.
As projected by the bullish cross on the road of EMA 30 vs EMA 100, Stellar could take off until the end of the year towards the R2 band after an oscillating movement in the year between the levels of S1 and R1 for a profit of up to 103% in its final price.
The Aroon indicator confirms the upward trend, with the Aroon Downtrend direct to the bottom of the chart, to make room for its bullish counterpart.
- Source: First Appeared Here
- Published Time: 2019-05-08 17:35:22
The views and opinions expressed in the article Tron (TRX), Litecoin (LTC), Stellar (XLM) Price Predictions for the Rest of 2019 do not reflect that of 48coins, nor of its originally published source. Article does not constitute financial advice. Kindly proceed with caution and always do your own research..
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