ETH, LTC, XLM, TRX Altcoin Price Prediction - Has Alt Season Been Postponed?

Price Predictions
Thu, 10/17/2019 - 12:04
Denys Serhiichuk
Can the top altcoins rise against Bitcoin (BTC) in the short-term?
Cover image via www.tradingview.com

At the time of writing, the top altcoins are not showing significant gains against BTC. However, some of them might attract the attention of traders.

Particularly, XMR is the top gainer out of the top 20 coins. Its price has skyrocketed by almost 10% over the last 24 hours against the leading crypto. Meanwhile, the market share of BTC keeps declining and now constitutes 66.16%.

Top 10 coins by Coinstats

The key data of Ethereum, LTC, XLM, and TRX are looking the following way.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Ethereum

ETH

$18 925 705 315

0,02184605 BTC

$7 548 552 731

-0,81%

Litecoin

LTC

$3 336 441 119

0,00656278 BTC

$3 044 136 849

-2,48%

Stellar

XLM

$1 246 034 782

0,00000777 BTC

$223 912 464

-0,84%

TRON

TRX

$983 217 828

0,00000184 BTC

$629 008 558

-4,14%

ETH/BTC 

The leading altcoin had been trapped in the descending channels from mid- May 2019 until the beginning of September. Currently, ETH is trying to fix above the vital level of 0.02 BTC.

ETH/BTC chart by TradingView

On the daily chart, Ethereum is about to face a decline from the current levels. There is no buying pressure, and the coin's trading volume has been decreasing. Thus, the MACD indicator has switched its direction, currently moving downward. 

Related
Ethereum (ETH) Price Analysis — Can Bulls Fix Above the $180 Level?

Summing up, ETH is about to reach the nearest support level at 0.019 BTC in the short-term.

Ethereum is trading at 0.0218 BTC at press time.

LTC/BTC 

The ’digital silver’ is trading in line with our earlier price prediction. Litecoin is of the biggest losers today with its price plummeting by 2.55% over the last day.

LTC/BTC chart by TradingView

LTC continues its bearish trend and might reach a new bottom soon. Sellers are dominating the market, leaving no chance for buyers to gain the upper hand even the short-term initiative. On the chart, the coin is located below the Bollinger Band line, which means that Litecoin is likely to decline further.

In this regard, the closest level at 0.006 BTC will be reached in the first days of November.

Litecoin is trading at 0.006549 BTC at press time.

XLM/BTC 

XLM is slowly but surely recovering from the bottom touched at the end of September 2019. The price of the coin has declined by 0.84% over the last 24 hours, which is a much less decrease compared to other altcoins.

XLM/BTC chart by TradingView

On the four-hour chart, XLM has not faced a deep correction so far. The coin has traded sideways after each bullish wave. Currently, Stellar is likely to face a decline due to the absence of the trading volume and buying pressure. Furthermore, the MACD indicator has become bearish, suggesting the drop to 700 satoshis soon.

XLM is trading at 0.00000777 BTC at press time.

TRX/BTC 

TRX is the main loser on our list - - its rate has gone down by more than 4% over the last day. The long-term forecasts for the coin do not look promising. It has lost over 80% of its value almost over the last year.

TRX/BTC chart by TradingView

On the daily chart, TRX is forming a triangle pattern with a breakout up or down. At the moment, there are no prerequisites fora potential price increase. 

Related
Ethereum (ETH) Price Analysis — Can Bulls Fix Above the $180 Level?

The RSI indicator is located in the neutral zone which means that the coin has a high chance of sinking to the 150 Satoshis level. One may think about a trend change if TRX breaks the crucial point of 200 satoshis.

TRX is trading at 0.00000186 BTC at press time.

About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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