Litecoin (LTC) like the rest of the market is on a roll right now. In the past 24-hours, it has pushed up over 30%, and volumes are high. This is a good indicator that momentum is largely bullish. Litecoin’s bullish sentiment is bolstered by the fact that it has broken above the 200-day MA at $86 on the weekly chart and sustained above it for over 12-hours. On this basis, Litecoin (LTC) is likely to be bullish for the next 24-hours. For someone looking into a short-term long position, any price between $85 and $100 makes for a good entry position. Such a position would have a good exit point at $117. That’s a minor resistance level for Litecoin (LTC) on the weekly chart. If it pushes above it, then Litecoin (LTC) could push to $186, which is a major resistance level on the weekly charts.
However, if Litecoin (LTC) drops below the weekly 100-day MA at $86, it could be an indicator of an impending correction. This would be a good signal to go short with a target of $43. This is a key support level for LTC on the 200-day MA.
XRP (XRP) like the entire market has been on the rise for the last 24-hours. However, XRP (XRP) hasn’t gained at the same level as most altcoins, but its momentum is upwards. At the moment, XRP (XRP) is trading at a key resistance level at $0.371. This means it could either push higher or reverse. To go long on XRP (XRP), it would be best to wait for a major break above $0.371 with high volumes. This would be a signal to go long with a target of $0.382. This is a key resistance on the 1-day 200-day MA. If it pushes above this, the next target for XRP (XRP) could be at $0.432 on the day chart.
On the other hand, if XRP (XRP) fails to break above $0.371, it would be a signal of a possible correction. This would be a signal to go short with a target of $0.329.This is a key support level for XRP on the 1-day 100-day MA.
Tron (TRX) is up by around 7% in the last 24-hours. At the moment, it is trading at a resistance point at $0.0289. This is a key resistance level in the day, and if it pushes above it with high volumes, it could rise to $0.032. This is a key resistance level for Tron (TRX) on the weekly 55-day MA.
On the other hand, if Tron (TRX) fails to break above this resistance, it would be a signal to go short, with a target of $0.0264. This is a key support level for Tron (TRX) on the 1-hour chart. Nonetheless, this would possibly be a minor correction as overall market momentum is upwards. Such a correction would be an opportunity to go long on Tron (TRX) to capitalize on the increased bullish market sentiment.