Are there any altcoins that might withstand the market fall?
|Bulls could not keep the growth started at the weekend and all top 10 coins have come back to the red zone.
Top coins by CoinMarketCap
BTC/USD
Last Saturday, the Bitcoin (BTC) price recovered within the channel, and on Sunday, buyers tried to test the resistance of $36,000. However, the growth was not supported by large volumes, and the pair could not gain a foothold in the area of $36,000.
BTC/USD chart by TradingView
The price returned to the side channel this morning. If the lower border of the corridor ($34,000) does not keep the price in sideways consolidation, then the forecast for the pair to decline to support at $32,500 remains relevant.
Bitcoin is trading at $33,625 at press time.
XRP/USD
Last Saturday, buyers managed to break through the hourly EMA55, and on Sunday they broke above the $0.70 resistance. However, XRP was unable to consolidate above this level.
XRP/USD chart by TradingView
Tonight the pair returned from the maximum zone to the area of average prices and stopped the decline, but if the bears break through the support of the EMA55 moving average, the price can roll back to the POC line ($0.641).
XRP is trading at $0.6545 at press time.
LTC/USD
The rate of Litecoin (LTC) keeps falling, losing 5.53% of its price share over the last day.
LTC/USD chart byTradingView
Litecoin (LTC) has made another false breakout of the resistance at $143 which means that bulls are not ready yet to keep the rise. However, the selling trading volume is going down, confirming the weakness of bears.
In this case, the sideways trading between $143 and $130 is the more likely price action for the next few days.
Litecoin is trading at $136.57 at press time.
LINK/USD
Chainlink (LINK) has lost less than Litecoin (LTC) as its rate has decreased by 5%.
LINK/USD chart byTradingView
Chainlink (LINK) is trading similarly to Litecoin (LTC) as it is also located in the sideways range. At the moment, the altcoin is closer to the support zone than to the resistance which means that its breakout can lead to a sharp decline to $14.
LINK is trading at $18.19 at press time.
XLM/USD
Stellar (XLM) is the top loser today, going down by almost 6% since yesterday.
XLM/USD chart byTradingView
Stellar (XLM) has confirmed the ongoing bearish mood as the coin has fixed below the $0.2742 mark. In this regard, there are chances to continue to drop to the nearest level at $0.2392.
XLM is trading at $0.2536 at press time.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.