According to crypto analyst Sahana Vibhute, while Bitcoin continues to consolidate in a very narrow range, some altcoin prices seem to have reached the limit of consolidation.
The top altcoin: Litecoin (LTC)
Litecoin’s price is currently breaking through the significant hurdle as it is trading inside a bullish pennant formation. The recent 35% rise in March formed a flagpole that is largely considered bullish. The continuation of the pattern could witness another 35% bounce to reach $125, which could be triggered after a successful breakout.
Second place Curve DAO (CRV) is coming
The start of the month facilitated a 17% jump in CRV price. This marked the beginning of a remarkable rise. According to a recent update, the platform handled $32.9 billion worth of swaps on Ethereum in the first quarter of 2023. Currently, the altcoin price is rising in a tight consolidation pattern after bouncing from $0.892. The price, which is trading inside a symmetrical pennant, could rally as high as $1,173 if the upside is broken. A drop to $0.985 could also be considered, but that seems more unlikely.
Leading altcoin competitor Cardano (ADA) also on the list
Cardano’s TVL is about to experience massive growth that could make the platform DeFi’s biggest competitor thanks to its unique Proof-of-Stake model. This model enabled developers to create powerful decentralized applications (dApps) that could attract more TVL to the platform. Also, Cardano’s thriving community of developers, enthusiasts and investors could play a vital role in boosting Cardano’s TVL in the coming days.
The most talked about project of recent times: Ripple (XRP)
cryptocoin.comRipple’s price is being watched very closely, as the historic event of closing the Ripple vs SEC case, which you follow on . The final decision is expected to trigger a rally to reach $1. Beyond that, it is believed that XRP price will revive a sine uptrend that could continue to rise by testing higher targets in the coming days.
Latest altcoin Lido DAO (LDO)
Ethereum is closer to performing the Shanghai upgrade, where a 30% jump in LDO prices is expected. The altcoin is consolidating along the trend, which could offer more returns for investors. As the bulls seem to be buying the rumor, the LDO platform can expect a good boost in momentum. Currently, RSI and Awesome Oscillator are both positive. This shows that buyers are leading the market. A breakout from the current consolidation could push the levels higher to $2.42 or a rejection could result in a drop below $2.
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