Three cryptocurrencies among the top ten in market value are showing signs of bullishness. According to a cryptocurrency analyst, Cardano (ADA), Litecoin (LTC) and Uniswap (UNI) have the potential to outperform Bitcoin in terms of short-term appreciation.
More precisely, the ADA may skyrocket up to 80% as early as April, while LTC may jump about 30% and UNI has the potential to rise another 25% soon.
Cardano (ADA)
In 2021 alone, Cardano has already appreciated more than 645%, rising from US $ 0.17 on January 1 to a current US $ 1.31. The cumulative high surpasses that of Bitcoin, which is approaching 100% appreciation this year.
But it appears that the ADA still has room to rise in the short term. According to analyst Akash Girimath, from FXStreet, the 7th largest cryptocurrency in market value can jump another 80%.
He explained that Cardano’s price is prepared to accumulate massive gains based on various technical indicators.
Looking at the chart, he noticed that ADA formed higher lows, being constrained by resistance at $ 1.49. When connecting these lows and the series of highs, a continuation pattern is formed, projecting an increase of 45%.
“Assuming a rapid move, the so-called ‘Ethereum killer’ could increase 80% of its current price to reach its intended target of $ 2.18.”
Thus, if the forecast is realized, ADA will cost R $ 12.29, considering the current quote in reais.
Litecoin (LTC)
Another altcoin with potential for high in the short term is Litecoin (LTC), which has already appreciated 81% in 2021. On January 1, LTC traded at $ 125.98 and now costs around $ 228. high, therefore, is less than that of almost 100% of Bitcoin.
However, thinking about the short term, still for the month of April, it is possible that Litecoin outperforms Bitcoin. After all, Girimath is predicting that the 9th largest cryptocurrency in market value will rise another 30% towards $ 297.17.
As the analyst explained, the LTC price broke the upper trend line of the symmetrical triangle pattern.
“This technical training is the result of lower maximums and higher minimums connected through trend lines. As the LTC advances in the configuration, its price is pressed until a violent rupture occurs in any direction ”, he said. “This move puts the target price of Litecoin at $ 297.17.”
If the forecast is confirmed, Litecoin will cost R $ 1,675 at the current quote in reais.
Uniswap (UNI)
Finally, Girimath said that Uniswap could also jump in the short term. More precisely, he calculated that the token could rise 25% after going through this consolidation period.
In 2021 alone, UNI has soared 558%, from $ 4.74 on January 1 and reaching the current $ 31.23.
“The continuation of this increase will mean a 25% increase towards the upper trend line by US $ 39.12.”
In other words, if the UNI reaches, in fact, US $ 38.12, the quotation in reais will cost almost R $ 215.
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