Altcoins News

Here are the cryptocurrencies that are ready to rally in the coming weeks

Sunday has seen a small upward shift in crypto markets, and almost all altcoins are in the green. However, it’s quite difficult to point out the direction of most digital currencies, but some are showing clear signs of what we should expect. As such, here are the coins ready to rally in the near future.

Ethereum (ETH)

In the past week, there was a slow and steady decline below the $210 level in ETH price. The price even traded below the $200 support and settled below the 100 simple moving average. The coin’s price traded as low as $196 and later started an upside correction. It traded above the $200 level and recovered more than 2%.

Ethereum is one of the coins that look ready to rally, with a major bullish trend line with support at $201.

Ripple (XRP) also ready to rally

According to Cory Johnson, Ripple has already seen a lot of trading with xRapid and XRP. The coin has already seen massive adoption and real-world use of the new developments. These factors may see the coin’s price increase tremendously.

Litecoin (LTC)

Litecoin is among the best performing digital coins in terms of price, on the last day. The coin’s price gained 1% in the last 24 hours to trade at %53.26. However, it is yet to edge above the Oct 15 highs.

The 100 SMA is trading above the 200 SMA to suggest that the path of least resistance is to the upside. In other words, gains are more likely to be seen than the opposite. Moreover, Litecoin is looking to reduce transaction costs by a factor of 10 to $0.005. This positive development may see the coin’s price experience gains in the near future since Litecoin transactions will increase.

Do you think these coins will rally in the coming weeks?

Share your views in the comments section below

coinmag

Having contributed to many leading financial blogs, Ken's love for cryptocurrencies and the blockchain technology has him on high alert on all price developments within the cryptocurrency sphere.

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