Crypto analyst David talks about a strong rally potential for LTO. The analyst also predicts a 66 percent increase in ANKR’s upward move. We have compiled the analyst’s predictions and analyzes for these 2 altcoins for our readers.
LTO price prediction: Altcoin has experienced a strong boom, what is the next target?
LTO Network (LTO) price broke above the long-term resistance area at $0.14 last week. The breakout occurred with a large bullish candle and high trading volume. This confirmed the validity of the break. At the time of the breakout, the price had been trading below the $0.14 area for approximately 679 days. Therefore, going above this is a very important development. Because it marks the end of the long-term downtrend. Additionally, it signals the beginning of a new long-term uptrend.
Meanwhile, the weekly RSI (Relative Strength Index) has risen to the overbought zone and is sloping upwards. This shows that the bulls have complete control of the market. The nearest resistance area for the altcoin stands at $0.3. A break above this area would help it rise towards the next key resistance area at $0.48. This means an increase of over 100 percent from LTO’s current price level.
The most likely expectation is that the LTO price will continue to rise in the near future. The nearest target for the altcoin is $0.3. Additionally, LTO has the potential to rise higher to $0.48.
ANKR price prediction: 66% increase possible if it breaks through this resistance zone!
The price of Ankr Network (ANKR) rose rapidly after making a higher low at $0.021 in January 2024 (green arrow). This move took the price into the long-term resistance zone at $0.057 during the week of March 4-10. Despite being rejected by this zone (red arrow), the bulls did not give up much ground. Additionally, the altcoin is currently in the process of making another breakout attempt.
This zone has provided resistance to the price since May 2022 (about 686 days). Therefore, a break above it would be a very positive development. The weekly RSI (Relative Strength Index) has jumped up from the 70 level (yellow arrow). Additionally, it entered the overbought zone, signaling that the bulls have complete control over the market. If ANKR price breaks successfully, it could rise to the next important resistance zone at $0.1. This means an increase of 66.22% from its current price.
The most likely expectation is that ANKR price will continue to rise in the near future. The nearest target for the altcoin is $0.08. Additionally, the token has the potential to surge higher to $0.1. However, the upside momentum will slow down if ANKR price closes the weekly candle below the $0.057 zone.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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