Home CryptocurrencyAnalysis Top 3 altcoin performers of the week

Top 3 altcoin performers of the week

by SuperiorInvest

The crypto market remains sensitive and challenging for most crypto traders and investors, with bad news hitting the market virtually every week, sending the price of most altcoins to their weekly lows. Recently, price action has been problematic for many altcoins as many altcoins struggle to survive. The domino effect of the FTX saga and other big investors involved have left the market at a standstill as the market is yet to make any major move after the previous weeks. Here are the top 3 altcoins that outperformed during the week. (Data from Binance)

Litecoin (LTC) price analysis on daily chart

Daily LTC Price Chart | Source: LTCUSDT On Tradingview.com

Most cryptocurrency traders and investors are having a rough few days and many are worried about where the market is headed after so much turbulence in the crypto space. Many altcoins struggled to show strength and lost key support in their bid to survive.

The current uncertainty in the market has made traders and investors hesitant to buy altcoins as there is no guarantee that their value will rise anytime soon. LTC has shown herself as a stand-up performer in recent weeks and days.

The price of LTC on the daily chart showed bullish strength despite market uncertainty affecting major crypto projects that continued to build in this bear market and more FUD (fear of uncertainty and doubt) lingering. LTC has seen its price trading in the $60 area on the daily chart. Still, the price rebounded from this region as LTC rose to a high of $80 before facing minor resistance against the trend higher. If the price of LTC holds above $75, we could see further growth in the $90 area.

Top 3 Altcoins – DAO Curve (CRV) Price Analysis on Daily (1D) Chart

CRV Daily Price Chart | Source: CRVUSDT On Tradingview.com

The price of CRV remains quite strong on the daily time frame as the price is trading above the $0.65 support after bouncing off its daily low of $0.4.

The CRV price is trading $0.7 below the 50 and 200 EMAs, which acts as resistance for the CRV price. The $0.77 and $1.2 price matches at these levels act as resistance.

If the CRV price breaks and holds above $0.8, we could see further upside in the CRV price to the $1.2 area where the price could face resistance to the higher trend.

Zcash (ZEC) price analysis on a daily (1D) chart

ZEC Daily Price Chart | Source: ZECUSDT On Tradingview.com

ZEC price remains quite strong on the daily time frame as the price is trading above the $40 support after bouncing off its daily low of $30.

The ZEC price is trading at $42 below the 50 and 200 EMAs, which acts as resistance to the ZEC price. The $49 and $70 prices match those levels and act as resistance. ZEC price needs to break this region for more relief.

Featured Image From zipmex, Charts From Tradingview 

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