2019 witnessed an enormous upliftment of Altcoins(coins other than Bitcoin) which surprisingly turned out to be quite better performers in the Q1 of this year. Now there is no denial in the fact that the surge in Bitcoin ended up introducing many altcoins to the crypto world. And to our great astonishment, we found that some of those altcoins even outperformed Bitcoin.
Now in order to survive in this crypto world, there is a very imperative need for each one of us to be aware of these altcoins since these might end up changing the game.
ALTCOINS That Showcased Their True Potential in 2019:
BITCOIN CASH (BCH):
• Well, it can be undoubtedly stated that BCH turns out to be the best performer within the cryptocurrencies in the last 7 days.
• It was noted that the BCH traded in a tightly weekly range for 11 weeks before it reached to a height. Now this upliftment has shifted the pair above the 20 week EMA. Truth be told, this happened for the first time since May 2018.
• Keeping all the facts and figures in mind, it can be concluded that if the price rebounds from the support zone of $265.14 to $241.97, it’s quite possible that the medium-term witness a lift towards the 50-week SMA at $514.
DASH/USD:
• This altcoin showed enormous progress during the crisis of Venezuela. Moreover, this coin is constantly trying to increase its presence in Columbia too.
• According to the recent survey recorded in March, it was found that 100 Dash online transactions were found in Thailand which showcases its slow growth in the region too.
• As of now, the coin is on its goal to reach the 50-week SMA at $176 and has broken out of the 20-week EMA.
LITECOIN(LTC):
• Well LTC has been a better performer since quite long now as it had already increased about 101.22% in the Q1 of this year, even before the crypto rally began across the board.
• A possible change in the trend might be seen as the LTC price has surprisingly risen above both the moving averages. Well needless to say that its a clear bullish sign.
• Moreover, the target objective of the rounding bottom of LTC price may be stated as $175.