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After a short lull in the altcoin market, a declining race was observed during the beginning of the week. While the charts show a lull, there were some instances of growth by the end of the working week.

Below is key data for Litecoin (LTC), Tezos (XTZ), TRON (TRX), and Stellar (XLM):

Name

Ticker

Market Cap

Price

Volume (24H)

Change (24H)

Litecoin

LTC

$2,543,978,780

$39.95

$2,708,502,711

-0.46%

Tezos

XTZ

$1,084,793,430

$1.56

$52,104,097

0.76%

TRON

TRX

$891,457,188

$0.013369

$1,111,294,391

0.55%

Stellar

XLM

$942,203,340

$0.046981

$197,486,345

1.74%

LTC/USD

Litecoin broke through the bottom line of the rising triangle. This led to its $36 level and a support cluster between $40 $42. Opportunities remain for of a new developing impulse to sell, the goals for which will be the $30 and $36 marks. At the same time however, the opportunity for a "digital silver" rebound in light of a divergence formation and the Moving Average Convergence/Divergence (MACD) oscillator is becoming relevant.

A break in the triangle's upper boundary at the $50 level, where the 200-Day Simple Moving Average (SMA) line is located, will allow the price to start an upwards movement.

The first targets of growth will be at the crypto's resistance levels of $52, $57 and $61. With regards to a medium-term plan in the coming months, an uptrend may lead to LTC achieving its goals of $65 and $70.

At press time, LTC is trading at $39.95.

XTZ/USD

Compared to most of the other top 10 coins, Tezos is the exception to the rule as its rate is has been in the green over the last 24 hours.

Looking at the 4H chart, XTZ is forming a triangle pattern, with the last point at $1.50. The ongoing bearish sentiments are also confirmed by a decline in the trading volume. If the coin drops below the $1.50 level, then the bears will seize on the initiative again. XTZ is currently facing a correction following a period of growth, which started at the beginning of December 2019.

At press time, Tezos is trading at $1.51.

TRX/USD

Our previous TRX price forecast has come true as the price did not reach $0.135. Rather, the price has gone below it.

According to the daily chart, TRX has bounced back from its $0.12 level and is currently trying to fix its short-term growth situation. The relative strength index (RSI) is rising,as well as the relatively high trading volume index, indicating the presence of buyers. To sum it up, the nearest obstacle for the bulls is at the $0.14 mark, which might be reached and maintained through the end of the current month.

At press time, TRON is trading at $0.0133.

XLM/USD

XLM has had the biggest gains from our list as its rate has increased by almost 2% in the last 24 hours.

Even though the price is recovering from a recent drop, one should not consider it as the start of an upcoming bullish trend. The RSI indicator just got out from the oversold area; however, it is about to come back into it. In this particular case, the ongoing drop is more likely to continue, with the closest mark at $0.04.

At press time, XLM is trading at $0.045.

Read more here:
LTC, XTZ, TRX, and XLM Crypto Price Prediction: Will Altcoins Test Key Resistance Levels? - U.Today