Skip to content
Pico y Pala – Bitcoins, Ethereum, Ripple,…

Weekend Worth Outlook: Tezos (XTZ), Litecoin (LTC) and Ripple (XRP)



With ETH and BTC within the limelight, altcoins like Tezos and Litecoin may see additional beneficial properties

Litecoin, Ripple and Tezos are amongst altcoins to see a minor drawdown in costs this Friday morning. However contextualised towards the broader crypto market, sentiment appears to be like to be constructive as merchants eye new strikes.

Right here’s a quick perspective on the technical outlook for Litecoin (LTC), Tezos (XTZ), and Ripple (XRP) forward of Friday’s $625 million BTC choices expiry.

Tezos value

XTZ value is buying and selling close to a important resistance zone that has beforehand contributed to the general value path of the coin for the reason that 37% crash on 19 Could. The worth ceiling is round $3.31 on the each day chart, which retains XTZ/USD inside a big descending channel.  

XTZ each day chart. Supply: TradingView

Technicals (the each day RSI is above 60 and the each day MACD has fashioned a bullish crossover) recommend the short-term outlook favours recent upside strikes.

If bulls breach the resistance line of the channel, targets within the subsequent few days can be on the 23.6% Fib stage ($3.57) and the 38.2% Fib stage at ($4.49).

On the draw back, bears can goal the 50 EMA ($3.00) and the horizontal line round $2.08.

Litecoin value

LTC/USD is trying to prolong beneficial properties above $140 after an honest bounce to intraday highs of $147. The RSI is close to the overbought territory, whereas the MACD on the each day chart is starting to extend within the bullish zone.

The 50% Fib retracement stage ($151) and the 61.8% Fib retracement stage ($162) present the following two main resistance zones. If the worth clears above these hurdles, bulls may eye $180 after which $200. 

LTC/USD each day chart. Supply: TradingView

On the draw back, bids beneath $140 may encourage bears to focus on the 50 MA ($134) and the essential zone close to the $130 stage. A break to the 23.6% Fib stage ($127) may see LTC/USD refresh losses to $120.

Ripple value

XRP bounced off the $0.52 assist stage on 21 July and rose to highs of $0.77, testing the 200 MA. The zone can also be residence to a long-term resistance line from November 2020, which is placing stress on the bulls. 

XRP/USD each day chart. Supply: TradingView

Nevertheless, the RSI and the MACD supply bullish alerts, suggesting consumers are in cost quick time period. Additionally, the looks of a bullish flag sample on the each day chart suggests bulls may break above the 200 MA ($0.79) and goal new momentum above the 50% Fibonacci retracement stage ($0.81) after which $0.91.

On the flipside, major assist is at $0.70, $0.62 and $0.51.


The submit Weekend Worth Outlook: Tezos (XTZ), Litecoin (LTC) and Ripple (XRP) appeared first on BTC Ethereum Crypto Forex Weblog.