This Week's Top 3 Cryptos With Huge Potential: ETH, LTC, and XRP

The top 3 cryptos with huge potential this week would be Ethereum, Litecoin, and XRP. All of them are among the top 10 cryptos in the cryptocurrency

The cryptocurrency market is bearish, which has affected the top 3 cryptos with huge potential this week negatively. All of them are in the top 10 cryptos in the cryptocurrency market in terms of market capitalization.

ETH Price Analysis: Will It Surge After Liquidation or Profit Booking Ahead?

From the technical chart, we can see that the Ethereum crypto price has struggled in a parallel channel. The price failed to cross the $4K hurdle and triggered a breakdown after multiple tests.

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As we can see, the digital asset price dropped below the main support level of $2800. Buyers faced liquidity as the price failed to defend the $2800 level.

If the Ethereum price bounces back and crosses the $2800 mark, sellers might get trapped. Due to the liquidation, the price may record a new all-time high with strong buying pressure.

On the other hand, if the crypto asset price trades below the $2800 level, sellers may remain strong. The price triggered a pullback. Below the $2400 level, the ETH coin may witness strong selling pressure.

Turning to the technical indicators, the key moving averages have generated a death crossover. In MACD, the signal line dropped below the zero line, and the histograms turned red.

LTC Price Reached Lower Low Territory; Could It Gain 15% This Week?

At the time of writing, Litecoin traded at $60.42 with an intraday gain of 1.14%. It had a market capitalization of $4.52 Billion, and its 24-hour trading volume was $243.88 Million.

Based on the technical chart, the LTC price has been making lower lows and lower highs. It was trading in the lower low territory, and the RSI generated a golden crossover.

If the LTC price crosses the 20-day EMA, buyers may dominate and the price may extend to a new higher high. Alternatively, if the price slips below the recent low, sellers may dominate further.

Technical Analysis of XRP on a Daily Timeframe

The Ripple crypto price failed to cross the recent resistance level. It faced difficulty in crossing that level throughout this year.

After facing resistance from the $0.640 level, the price showed weakness and melted to the 200-day EMA. If the XRP price starts trading below the 20–day EMA, sellers may dominate further.

On the other hand, suppose the XRP price takes support on the 200-day EMA and crosses the resistance level, the buyers may dominate further.

Conclusion

This week’s top 3 cryptos with huge potential might be ETH, LTC, and XRP. These cryptocurrencies have remained in the red for the past few weeks. The Ethereum price has lost around 30% in the past few weeks.

This article is only for informational purposes and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.