Popular crypto trader, Litecoin (LTC), Cosmos (ATOM), and the Sandbox (SAND) is showing signs of preparing for upward movements.
As per the trader’s analysis, there is a possibility that Litecoin could experience a surge that drives its value up to $110 in the near future
According to a popular crypto trader, Litecoin (LTC), Cosmos (ATOM), and the Sandbox (SAND) is showing signs of preparing for upward movements. The analyst, known as Rekt Capital, who maintains a Twitter following of 347,200 users, suggests that Litecoin, a peer-to-peer payments network, is positioning itself for a fresh price phase. As per the trader’s analysis, there is a possibility that Litecoin could experience a surge that drives its value up to $110 in the near future.
He further stated:
LTC has successfully retested the blue Bull Flag top which has enabled a return into the red-red range. LTC returning into the red-red range means that it could soon follow the remainder of the red path. Phase 1 looks complete, setting itself up for Phase 2
Additionally, Rekt Capital holds a positive outlook on Cosmos, a network of interconnected blockchains built for scalability and interoperability. The trader suggests that ATOM has the potential to increase by over 20% from its current levels. Rekt Capital stated,
The upward momentum persists, and ATOM remains poised for a promising monthly closure, which could pave the way for a potential return to the $11 range in due course.
Furthermore, the trader anticipates significant growth for The Sandbox, an altcoin centered around the metaverse concept, with the possibility of surging up to the $0.638 threshold. The trader observed SAND will successfully reclaim the black support level and experience a rally of +14%. By achieving this, SAND could potentially revisit the previous high points marked by the blue trend line in the future.
Litecoin Price Prediction – Technical Analysis
The relative strength index value stands at 50.45, indicating a neutral stance. Additionally, the stochastic RSI value is 78.06, suggesting a relatively high level and potentially signaling an overbought condition. The MACD value is 0.46, which implies a buy signal and indicates a positive trend in the market. Based on the moving averages analysis, a strong buy signal is indicated in the market. Overall, these factors collectively provide insights into the current market situation.
As of the current moment, Litecoin is trading at $85.23. However, it is important to note that the value of Litecoin has decreased by 4.05% within the last day. Additionally, it has recorded a 24-hour trading volume of $457,843,609. It is worth noting that in the last week, Litecoin witnessed a positive growth of 13.3%. And over the last month, Litecoin experienced a slight decline of 0.9%.
Cosmos Price Prediction – Technical Analysis
The relative strength index (RSI) and stochastic indicators indicate a neutral stance, suggesting a balanced market sentiment. Examining the MACD (Moving Average Convergence Divergence), its value stands at -0.155, meaning a slight sell signal.
However, considering the overall analysis, the sentiment for ATOM leans toward a buy recommendation. Taking into account these factors, it suggests a mixed outlook for ATOM, with the potential for buying opportunities. As of the current time, ATOM is trading at $9.23. It is worth noting that this cryptocurrency, ranked 23rd by market capitalization, has experienced a decline of approximately 1.58% within the last 24 hours.
The Sandbox Price Prediction
At the time of writing, the trading price of SAND stands at $0.408. SAND has observed a decline of approximately 4.60% within the past 24 hours. The metaverse-focused altcoin has recorded a market cap of $765,202,850 with a 4.04% decline.
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Over the past five days, there has been a notable increase of 18.80% in performance, indicating that it has outperformed the market during this period. Similarly, within the last month, it has achieved significant growth of 11.94%, positioning itself as an outperformer in comparison to other assets.
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