3 Altcoins That May Explode as Bitcoin (BTC) Moves to Retest Its All-Time High

The crypto market is preparing to close October with a strong bullish atmosphere. However, Bitcoin (BTC) saw its monthly peaks at $ 71,587.

Crypto markets are preparing to close October with a strong bullish atmosphere. In this context, while Bitcoin saw its monthly peaks at $71,587, it is also rapidly moving towards reaching its all-time high. Experts predict that the price will test the $78,000-80,000 range by the end of the year. These strong expectations indicate that some altcoins waiting in the consolidation phase may also experience potential explosions. Here are these 3 altcoin that attract attention.

Top Altcoin on the List: Uniswap (UNI)

Uniswap is moving in a symmetrical triangle formation. It is also likely to reach the top of this triangle in a short time. However, the 50-day moving average remains a strong resistance in front of the price. Breaking this level will open a new bullish door for UNI.

On the other hand, the compression of the Bollinger Bands indicates that volatility is decreasing, which indicates the potential for a breakout with volume. The high level of the weekly RSI gives positive signals that the price can break the triangle resistance and make double-digit gains. If this break occurs, a new upward wave begins for the altcoin. It will also contribute to the price climbing even higher.

“Litecoin (LTC)” is in the 2nd place of the list

Litecoin has been gaining strong momentum within an ascending channel. The recent rally has also seen the price rise above the 200-day moving average. If the daily close remains above $74, this altcoin bull trend will strengthen further.

The RSI level is also trending upwards, drawing strength from the lower support, which suggests that the rise could continue. Litecoin is preparing to test the first resistance at $76.25. Breaking this resistance will take the price to the $78-80 range. This will also create a significant opportunity for investors.

A strong resistance break would put Litecoin in a potential uptrend. Thus, it will pave the way for it to search for new highs.

Last Altcoin on the List: Avalanche (AVAX)

Avalanche has been on a steady uptrend, recovering from the lower support and is drawing attention in the consolidation process. The RSI indicator is turning from the bottom, while the MACD indicator is signaling that the selling pressure is decreasing; these indicators suggest that an increase of up to 10% is possible in the AVAX price. The price is likely to reach the resistance zone between $29.16-$29.68.

If Avalanche manages to break through this resistance zone, the price is likely to rise above $30 in a short time. Maintaining these levels will help AVAX regain lost positions throughout 2024. This will also provide a strong bullish opportunity for altcoin investors.

As we reported at Kriptokoin.com, cryptocurrency markets have a volatile structure. Therefore, it is important for investors to do their own analysis and consider the risks.

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