Kategorie: Crypto Analysis

Key takeaways

• LTC has defended the $75 low, forming a double bottom in the process.
• The coin could rally towards the next liquidity level at $95 soon.

LTC defends the $75 low, surges to $85

Litecoin’s LTC is recovering nicely from its recent slump and looks set to rally higher in the near term. The cryptocurrency is up 1% in the last 24 hours and now trades above $85 per coin.

The positive performance comes amid a strong recovery from the broader cryptocurrency market. The ceasefire deal between Iran and Israel saw over $200 billion added to the crypto market, with Bitcoin now trading above $107k.

Litecoin’s medium-term rally could also be boosted by the possible approval of a Litecoin ETF. Several firms have already filed for spot Litecoin ETFs with the SEC, and any news of an approval could serve as a big boost for LTC.

LTC targets $95 amid bullish technicals

The LTC/USD 4-hour chart is bullish but inefficient. The inefficiency means that LTC could likely retest a lower liquidity level before rallying higher. LTC could retest the $82 level over the next few hours before it resumes its upward movement.

The MACD lines currently read 0.72 after crossing into the positive zone earlier this week. The RSI of 58 also shows that buyers are regaining control of the market. If the bullish trend grows stronger, LTC could rally towards the $95 mark. 

However, Litecoin will need backing from the broader cryptocurrency market if it intends to surpass the $107 transactional liquidity level. 

LTC’s rally depends on the fundamentals of the broader market. If bears regain control on the back of another conflict in the Middle East, then LTC could retest the $75 low or even drop to the next support level at $66.

The post Litecoin price prediction: Is LTC ready for a breakout after testing the $75 low? appeared first on CoinJournal.

Key takeaways

• Cardano’s ADA is the worst performer among the top 10 cryptocurrencies this week, down 5%.
• ADA could retest the $0.5111 low if the bearish trend continues.

ADA underperforms despite market recovery

ADA, the native coin of the Cardano blockchain, is the worst performer among the top 10 cryptocurrencies by market cap so far this week. The coin has lost nearly 6% of its value in the last seven days and looks set to dip further over the next few hours or days.

At press time, the price of ADA stands at $0.5662, down 2% in the last 24 hours. The bearish performance comes despite Bitcoin, Ether, and other major cryptocurrencies staging a recovery following last weekend’s dump. 

The broader crypto market added nearly $200 billion to its market cap since Monday, with Bitcoin hitting the $108k level. However, ADA is yet to embark on a significant recovery, with the price action still bearish.

ADA to retest the $0.5111 low with bears still in control

The ADA/USD 4-hour chart is bearish and efficient, indicating a strong bearish bias on higher and lower timeframes. The technical indicators are also negative, showing that sellers are currently in control.

The MACD line has dropped into the negative territory while the RSI of 44 shows selling pressure. Both indicators are signs that ADA is currently bearish and could face further downward movements in the near term.

With the sellers navigating the ADA/USD pair, ADA could test the $0.5111 low soon. In the event of an extended bearish run, ADA will likely drop to the $0.4590 support level for the first time since November 2024. 

However, the broader market is bullish, and this could rub off on ADA. If that happens, ADA could retest the previous week’s high of $0.6580. It would take a massive rally for ADA to surge towards the monthly high price of $0.7500.

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Key takeaways

• Ether is trading at $2,500 and could rally to the $3k level soon.
• The positive performance comes amid increased retail investment in cryptocurrencies.

ETH recovers the $2,500 level, could surge higher soon

Ether (ETH), the native coin of the Ethereum blockchain, has hit the $2,500 mark and could rally higher. This latest development comes following a bearish weekend that saw ETH’s price dip to the $2,100 region.

At press time, the price of ETH stands at $2,501 and could rally higher if the market conditions remain bullish. The positive performance comes as more retail investors increase their exposure to cryptocurrencies.

According to recent data by eToro, U.S. retail investors are increasing crypto exposure amid a weakening dollar and rising global uncertainty. eToro revealed that 58% of U.S. retail investors are rebalancing their portfolios to favor digital assets.

ETH could surge to the $3k resistance level soon

The ETH/USD 4-hour chart is extremely bullish and efficient, indicating that Ether’s price could surge higher in the near term. Ether has taken out the inducement liquidity (ILQ) at $2,378 yesterday and could rally towards the next resistance level.

If the bullish momentum persists, ETH could take out the monthly high price of $2,877 and rally to $3k, its highest level since February. In the event of an extended rally, ETH could seek out the fair value gap (FVG) around $3,200.

The relative strength index (RSI) of 62 shows that buyers are in control. If the RSI goes higher, then the ETH/USD pair will enter the overbought territory. The MACD lines are also in the positive region, indicating a bullish bias.

While the market remains bullish, the bears could still regain control. If that happens, ETH could retest the $2,100 lows.

The post ETH price forecast: Ether targets $3k as retail investors increase exposure appeared first on CoinJournal.

Key takeaways

• SEI is up nearly 80% in the last seven days after the Sei blockchain was chosen by the Wyoming Stable Token Commission.
• The coin could rally to the $0.40 level soon if the bullish momentum persists.

SEI surges above $0.30

SEI, the native coin of the Sei blockchain, was one of the best performers last week, adding nearly 80% to its value during that period. The positive performance comes amid a market-wide sell-off sparked by the conflict between Iran and Israel.

The coin rallied after Sei was announced as one of the two blockchains selected in the last round by the Wyoming Stable Token Commission to become home to WYST, the first fiat-backed stablecoin issued by a U.S. state.

SEI rallied to $0.34, its highest level since January 2025. It has slightly declined to the $0.30 level but could surge towards the $0.40 level if the bullish momentum continues.

SEI could surge towards $0.40 soon

The SEI/USD 4-hour chart is bullish and efficient, indicating that buyers are currently in control and could push SEI’s price higher in the near term. At press time, the price of SEI stands at $0.3045, establishing a strong support level at $0.2900.

The Relative Strength Index (RSI) of 72 shows that buyers are fully in control of the market. The MACD lines are also in the bullish zone, indicating that the SEI/UISD pair could rally higher.

If the bearish momentum continues, SEI could test the next resistance levels at $0.4100. In the event of an extended rally, SEI could surge towards $0.48 for the first time since January 2025. 

However, the SEI/USD pair could turn bearish if there is a breakdown in the agreement between Israel and Iran. If that happens, SEI could retest the $0.2900 low or even drop lower to $0.23.

The post SEI price forecast: Will SEI hit $0.4 after its 80% rally in seven days? appeared first on CoinJournal.

Key takeaways

• BCH is up 4.5% in the last 24 hours and could rally higher amid technical and fundamental support.
• The positive performance comes after Bitcoin Cash tested the support level around $430 over the weekend.

BCH reclaims $450 after creating a low below $440

BCH, the native coin of the Bitcoin Cash blockchain, was on an uptrend last week and broke past the $500 mark for the first time since December 2024. However, the conflict in the Middle East sent the broader crypto market into a bearish frenzy.

The bearish performance saw BCH dump to create a low of $437 over the weekend. However, the market is now bullish thanks to the ceasefire deal between Israel and Iran, with BCH reclaiming the $450 level.

At press time, the price of BCH stands at $478 and could rally higher towards $506 in the short term.

BCH could test the $550 resistance level

The BCH/USD 4-hour chart is bullish and efficient, indicating that the bulls are fully in control after sweeping the low around $440. The technical indicators are extremely bullish, and this could drive BCH’s price to a new 2025 high.

The MACD lines have crossed the neutral zone into the positive territory, indicating a strong buying pressure. The RSI of 59 also shows that buyers are in control. However, the RSI needs to surge to a minimum of 80 to indicate that the BCH/USD pair is oversold. 

If the rally continues, BCH will take out last week’s high of $506 and head towards the $550 resistance level. The last time BCH traded at $550 was in December 2024, during the market frenzy heading into President Trump’s second term in office.

In the event of an extended rally, BCH could test the structural liquidity level at $630. However, this could happen if backed by strong fundamental events in the broader cryptocurrency market.

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