Crypto analyst David predicts that FET will see a significant rise in the coming days. Analyst Valdrin Tahiri states that LTC has formed a double bottom formation. Crypto analyst Akash Girimath says that the price of an altcoin is ready for a 40% increase.
Fetch.Ai (FET) price prediction: Altcoin price may see a 100% increase
FET price has been rising since the formation of a Pin bar candle during the week of August 14-21. This move confirmed the $0.17 level as support (green arrows). It has also created a potential double bottom formation compared to the low formed in mid-June. The weekly candle from August 28 to September 3 is a bullish engulfing candle that helps the price move above the neckline of the double bottom formation. This indicates that FET may have formed a bottom and a new uptrend may begin.
Currently, FET is in the process of confirming the neckline of the double bottom pattern as support (green arrows). If successful, it is possible for the altcoin price to rise from the yearly high of $0.61 to a key resistance zone of $0.385-0.439 formed by the 0.5-0.618 Fibonacci retracement levels of the entire downtrend. This price range corresponds to a potential maximum increase of 100% from the current price. The weekly RSI (Relative Strength Index) shows a significant bullish divergence before the full upward move. Moreover, the bullish divergence line is still intact, supporting the possibility of a price increase.
Technical indicators show that FET price is poised for further increases. The nearest target is $0.24, with potential upside beyond $0.27.
Litecoin (LTC) price prediction: 25% increase possible
Altcoin price is showing a bearish trend on the weekly timeframe. Additionally, the daily chart has a more bullish outlook. There are several reasons for this. First, the price formed a double bottom formation. A double bottom is considered a bullish pattern. So it usually leads to breakages.
Secondly, the double bottom merged with the bullish divergence (green line) in the RSI. This occurs when a price decline combines with a momentum increase. As has been the case so far for the altcoin, it often leads to significant uptrend reversals. If the upward move continues, the previous ascending support line will be 22% above the current price. This corresponds to the level of 80 dollars.
Despite this bullish Litecoin price prediction, a close below the $63 horizontal support area would invalidate the bullish double bottom formation. In this case, the altcoin price is likely to experience a 22% decline to the $50 support area.
Radiant Capital (RDNT) price prediction: Altcoin price is ready to rise!
RDNT The price produced three significant lower lows and two lower lows. Connecting these swing points with trend lines reveals a falling wedge formation. Breaking this formation may signal the beginning of an uptrend. On September 28, the token made a daily candlestick close above the upper trend line of the falling wedge. Thus, it signaled a breakout. This move was coupled with the Relative Strength Index (RSI) and the Awesome Oscillator (AO) moving above their respective average levels.
The last time AO turned positive, the altcoin price rose 21% over the next 11 days. Therefore, it is possible that the recent rise could catalyze a similar increase. But despite the break, RDNT price must clear the $0.250 barrier. Doing so would pave the way for it to retest the $0.297 barrier. In the event of a fairly strong uptrend, RDNT is likely to revisit the $0.334 level for buy-stop liquidity. This move would mean a roughly 41% gain from the current position of $0.236.
On the other hand, a daily candlestick close below the $0.203 support will create a lower low. It would also invalidate the bullish thesis for the altcoin price. It is possible that such a development could lead to RDNT falling to a low of $0.198.
The predictions and targets in the article belong to the analysts and are definitely not investment advice. As Kriptokoin.com, we recommend that you do your own research before investing.
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