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ETH, XRP, LTC Altcoin Price Prediction - Showing Short-Term Bullish Potential

Price Predictions
Sun, 11/03/2019 - 14:30
Denys Serhiichuk
Can the altcoins show potential growth in the upcoming week?
Cover image via www.tradingview.com

The entire cryptocurrency market has fallen into a sideways trend, with no interesting movements or patterns being observed. Yesterday, the majority of the top coins were in the green. Today, the situation has changed significantly. Bitcoin Cash (BCH) and Bitcoin SV (BSV) are the only two that have had their rates increase since yesterday. 

Top 10 coins by Coinstats

Below is the data for Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Ethereum

ETH

$19,806,255,073

$182.70

$8,563,81,575

-0.88%

Ripple

XRP

$12,58, 668,767

$0.290918

$1,435,251,283

-1.22%

Litecoin

LTC

$3,676,513,514

$57.81

$3,299,399,915

-1.36%

ETH/USD 

According to our recent forecast, Ethereum (ETH) has as rolled back from $186 to $181. ETH's Bollinger Bands are also moving closer together, with ETH trading along the moving average of the indicator.

ETH/USD chart by TradingView

A return to $185 will move the price to the top of the Bollinger Band indicator. This can lead to upward tick of $191, allowing the second most popular cryptocurrency to set a lower threshold of $193, and continue to grow to $204. In order to increase ETH's price, the trading volume will have to rise, or a bullish breakthrough for Bitcoin (BTC).

At the time of publication, ETH was trading at $182.36.

XRP/USD 

Ripple (XRP) could not fix its critical $0.30 level, with the bears seizing on the the initiative on the short-term.

XRP/USD chart by TradingView

Looking at the 1D chart, XRP is forming a bearish divergence on the RSI indicator. The declining level of trading volume confirms a bearish scenario. 

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What is more, the MACD is moving downwards, which means that the price might touch its nearest support level of $0.27 sooner than later. However, the scenario will not be relevant if XRP manages to fix its price above $0.30.

At the time of publication, XRP's was trading at $0.2903.

LTC/USD 

After last week's market pump occurred, the position of Litecoin (LTC) has not changed significantly. The "digital silver" is currently trading in the same direction as BTC. 

LTC/USD chart by TradingView

Although the price of LTC has increased by more than 20% since the last week, the trading volume has not rocketed up much. The bulls cannot maintain growth, which is confirmed by the long candle wicks on the chart. Respectively, one might expect a decline to $55 in the upcoming week.

At the time of publication, LTC was trading at $57.63.

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 make 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.

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