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The bullish short-term trend continues in the cryptocurrency segment, and this weekend, another batch of altcoins registered long-term breakouts. Most importantly, ETH managed to move above its long-term trendline and a crucial resistance zone, and with that, the altcoin rally could get another major boost. Even though the coming days will still be crucial, as a sharp reversal is still possible the bullish developments are hard to ignore.

Our trend model is now overwhelmingly bullish on both time-frames, thanks to this weekends upgrades, and while bulls still shouldnt let their guard down, the odds a major reversal are increasing. XRP remains the only clear laggard among the top coins, but it coul also be in for a surge higher, should the segment-wide trends continue.

BTC/USD, 4-Hour Chart Analysis

BTC has been lagging the broader market in recent days, and it failed to hit a new short-term high this weekend, despite the strong altcoin rally. On a positive note, the coin cleared the overbought short-term momentum readings, and since the uptrend is clearly intact, the coin could soon resume the rally. A sharp reversal cant be ruled out here, but the long-term trend shift seems to have a solid foundation.

BTC is still on buy signals on both time-frames in our trend model, with support zones now found near $9,200, $8,600, and $8,400, and with resistance ahead near $10,000, and $11,300.

ETH/USD, 4-Hour Chart Analysis

ETH broke out above its declining long-term trendline the key long-term $180-$185 resistance zone, triggering a long-term buy signal in our trend model and solidifying the short-term trend as well, the coin still faces strong resistance near $200, but the bullish developments in its market are encouraging for the whole segment.

Our trend model is on buy signals on both time-frames, with major support zones found between $180 and $185, and near $160 and $145, and with resistance zones ahead near $200 and $230.

XRP/USD, 4-Hour Chart Analysis

XRP finally moved above its prior short-term swing high and the $0.2475 resistance level, but its still stuck below its long-term trendline, and relatively weak from a technical perspective. The coin is now close to a long-term buy signal as well, but traders and investors should still focus their attention to the relatively stronger coins.

XRP is still now a short-term buy signal and a long-term sell signal in our trend model, with support zones now found near $0.2475, $0.23, $0.21, and $0.20, and with resistance zones ahead near $0.26, and $0.28.

LTC/USD, 4-Hour Chart Analysis

LTC scored yet another marginal new high, testing the lower boundary of the strong resistance zone near $75, in the face of the overbought short-term momentum readings. The coin is still the undoubted leader of the rally, and its long-term trend change seems safe. LTC is likely to enter a pullback or at least a choppy consolidation, but the outlook for the coin improved significantly in the past couple of weeks.

LTC is on a neutral short-term signal in our trend model, while being on a long-term buy with support zones now found near and $64, $56, $51, and $44, and with resistance zones ahead between $72.50 and $75 and near $85.

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Disclaimer: The analystowns cryptocurrencies. He holds investment positions in the coins, but doesnt engage in short-term or day-trading,nor does he hold short positions on any of the coins.

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Crypto Update: Ethereum Breaks Long-Term Trendline With Bulls Still In Control - Hacked