The past three weeks have been great for Bitcoin – but also the altcoin market which recorded steady gains. Over the course of this month, we have seen a lot of positive news.
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In the coming altcoin news, we are seeing that this positive altcoin outlook remains even though some traders expect the major cryptocurrencies to begin breaking out and counteract the rise in BTC’s dominance.
For example, Ethereum has appreciated more than 150% since its low in December 2018 when it reached $80. As the current altcoin outlook shows, Ethereum is above $200 and trading in a stable way. Still, this is far from the all-time high of $1,400 which it established on January 13th the same year. Currently, there are two different patterns as seen in the latest cryptocurrency news – one of them is ETH surging to $300 and the other predicts it breaking below $150.
Ripple is next in our altcoin outlook. The dormant cryptocurrency is now seeing a lot of price movements which is something we haven’t seen lately. Despite its rise of more than 64,000% in the bull market of 2017 (going from $0.005 to $3.45), XRP has been forming a shoulder in its weekly chart which may predict a bullish-to-bearish trend reversal.
Bitcoin Cash has also been featured in the altcoin news this month for moving up by around 130%. The exponential increase in its market valuation showed a lot of room for BCH to go up. As the bull flag formed, the altcoin outlook for BCH shows that there are more targets to be achieved.
Litecoin, on the other hand, has been featured by many best cryptocurrency news sites for its increase of 350% since its low of $22 registered on December 14th, 2018. Right now, Litecoin is trading above $90 after testing the $100 mark a couple of days ago. The sentiment around it is high and the altcoin outlook shows that it could either breach $150 or revisit the $50 levels.
As last one in our list, we see EOS which have formed a bottom from its $2.90 resistance level and breached the $6 pattern. Right now, EOS is trading below but analysts believe that it could soon start another bull run and rise beyond .
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