Based on the current overall cryptocurrency momentum, one would expect most of the alternative markets to reach much higher values. So far, that has not been the case, albeit it remains to be seen how things will evolve exactly. The following coins all have a major value milestone looming around the corner. Overcoming these “psychological hurdles” will prove very challenging, although nothing is impossible.
Ethereum Targets $350 Again
While a lot of long-term Ethereum speculators will have to wait for ETGH to hit $1,200 again, overcoming the key resistance near $350 will be the first order of business. So far, things look very promising, as the popular market has noted strong gains all week long. However, those final bits are often the hardest to overcome. Based on the current market momentum, surpassing $350 might take a little bit longer than traders would like to see. The price briefly spiked to over $350 for a few seconds already, thus anything is possible.
XRP Crawls Toward $0.5 Again
It has been a very interesting year for Ripple and its native XRP asset so far. With all of the news coming out, speculators had hoped to see the asset near the $1 mark by now. Unfortunately for them, that level is still quite a while away, even though one XRP is currently valued at $0.488. It seems the overall trading volume should be sufficient to push the price even higher, albeit one never knows how these markets will respond to external circumstances. A lot will depend on how high the Bitcoin value contains to soar in the days and weeks ahead.
Litecoin Still Remains Below $150
Just a week or two ago, it appeared as if the Litecoin price would surpass $150 in very quick succession. Fast forward to today, and it would appear this altcoin is heading in the opposite direction for some unknown reason. Although one LTC is still valued at over $136 at the time of writing, it seems reclaiming a much higher value will be rather difficult. The overall trading would indicate the demand for LTC is not slowing down by any means, but that doesn’t mean the price will move up accordingly.
Can EOS Surpass $7.5 Soon?
While EOS is one of the more stable altcoins on the market today, it also means the price will not see too many wild price swings whatsoever. Over the past few days, the EOS price has seemingly maintained its value barring a minor dip. The final push to $7.5 will be rather difficult, as that would require another $0.12 gain across the board. It seems like a minor hurdle to overcome, but this industry tends to work in mysterious ways. As such, nothing should be taken for granted, regardless of the circumstances.
Where is Bitcoin SV Headed?
While not everyone might be a fan of Bitcoin SV at this time, there is still some good money to be made with BSV regardless. Although its trading volume pales in comparison to most other currencies on the market today, one has to wonder if that will hinder its chances of moving up further. For now, the first major hurdle to clear comes in the form of the $250 level, which should not be insurmountable by any means. Even so, BSV has seen a hefty pump even before Bitcoin started moving up, thus a correction seems to be in order at some point.
Tron Eyes the $0.04 Target Again
Not too many people will be surprised to learn the Tron price is moving up slowly but steadily. That in itself is rather interesting for many different reasons, although it is a bit unclear if and when it will surpass the $0.04 mark in the coming days. On paper, it should not pose too many challenges, but in reality, things may end up very differently. It will be an interesting second half of the week for most markets, and Tron will not be an exception in this regard.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.
Image(s): Shutterstock.com
The post Crucial Price Targets to Overcome for 6 Top Currencies appeared first on The Merkle Hash.
by JP Buntinx via The Merkle Hash
Comments
Post a Comment