The crypto market retains getting sensitive and difficult for many crypto merchants and traders, with the market being hit just about each week with dangerous information that sends the worth of most altcoins to their weekly lows. Recently, the worth motion displayed by many altcoins has been problematic as many altcoins battle for survival. The Domino impact of the FTX saga and different enormous traders concerned has left the market at a standstill because the market is but to make a serious transfer after earlier weeks. Here are the highest 3 altcoins which have carried out higher throughout the week. (Data from Binance)
Litecoin (LTC) Price Analysis On The Daily Chart
Most crypto merchants and traders have had a tough few days, with many involved about the place the market is headed after a lot turbulence within the crypto house. Many altcoins have struggled to point out energy, shedding key help in a bid to outlive.
The present market uncertainty has triggered merchants and traders to be hesitant to buy altcoins, as there isn’t any assure that they may rise in worth any time quickly. LTC has proven itself as a stand-up performer over the previous few weeks and days.
The value of LTC on the day by day chart has proven bullish energy regardless of the market uncertainty that has affected main crypto tasks which have continued to construct on this bear market, and extra FUD (concern of uncertainty and doubt) persists. LTC noticed its value traded in a area of $60 on the day by day chart. Still, the worth bounced off this area as LTC’s value rallied to a excessive of $80 earlier than dealing with a minor resistance to pattern increased. If the worth of LTC holds above $75, we may see extra rally to a area of $90.
Top 3 Altcoins – Price Analysis Of Curve DAO (CRV) On The Daily (1D) Chart
The value of CRV stays significantly sturdy within the day by day timeframe as the worth trades above $0.65 help after the worth bounced off from its day by day low of $0.4.
CRV’s value trades at $0.7 under its 50 and 200 EMA, appearing as resistance for the worth of CRV. The value of $0.77 and $1.2 corresponds to the costs at these ranges, appearing as resistance.
If the worth of CRV breaks and holds above $0.8, we may see extra rallies for the CRV value to a area of $1.2, the place the worth may face resistance to pattern increased.
Price Analysis Of Zcash (ZEC) On The Daily (1D) Chart
The value of ZEC stays significantly sturdy within the day by day timeframe as the worth trades above $40 help after the worth bounced off from its day by day low of $30.
ZEC’s value trades at $42 under its 50 and 200 EMA, appearing as resistance for the worth of ZEC. The value of $49 and $70 corresponds to the costs at these ranges, appearing as resistance. The value of ZEC wants to interrupt this area for extra indicators of aid.
Featured Image From zipmex, Charts From Tradingview 
