Aptos (APT) Breaks Through, Litecoin (LTC) Eyes Reversal as Helium (HNM) Rides the Bull Wave: A New Altcoin Era?
The altcoin market has been experiencing heightened volatility lately. However, a fresh technical analysis of several major cryptocurrency projects points to an encouraging trend reversal that could be unfurling.
Analysis firm altFins in-depth evaluation of the price trends for Aptos, Litecoin, and Helium reveals noteworthy trends. The insights prove that these altcoins may improve performance if certain price levels are sustained.
What you'll learn 👉
Aptos: Breakout and Bullish Trends
Aptos, a smart contract platform seeking to combine the speed of centralized networks with the security of decentralized ones, has established a bullish structure, according to altFins. After tracing out a Descending Triangle pattern over several weeks, Aptos saw a breakout that validates the ongoing uptrend.
Meanwhile, follow-through price action has led Aptos to surpass the key $10 resistance level. With momentum indicators like the MACD remaining in positive territory across multiple time frames, altFins set a short-to-mid-term target range of $11-12.50 for Aptos based on the developing bullish technicals. Significantly, traders are alerted to potential long-side opportunities if the cryptocurrency exceeds its established support zone of $8.
Litecoin’s Mixed Signals and Trend Reversal Indicators
While Litecoin exhibits mixed signals on lower time frames relative to longer periods, altFins drew attention to a potential trend change. Of note, Litecoin pierced above its 200-day moving average for the first time in months. This indicator crossover is commonly viewed as an early sign of an impending trend reversal.
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Show more +In the analysis, Litecoin portrays a consolidating Symmetrical Triangle. The anticipation is for a directional breakout that extends the prevailing sentiment. Litecoin is attempting to sustain itself above the $70 level after overcoming initial resistance. Further confirmation of an upside break could see its next target at $80 challenged.
Helium’s Bullish Continuation Pattern
Furthermore, Helium painted the bullish picture, according to altFins. The decentralized wireless network has carved out an Ascending Triangle pattern on its chart representing a continuation structure. Additionally, Helium surmounted the $10 level, opening the path to a 20% reward of $12.
Supporting the positive Helium thesis is an uptrend intact across all timeframes. While momentum has peaked in the short term, healthy support stands guard that could underpin a hold of its present channel. AltFins’ analysis implies that with key technical milestones achieved, Aptos, Litecoin, and Helium may be primed to outperform.
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