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XRP, LTC, ETH and ADA may lead the return of altseason soon

XRP LTC ETH and ADA may lead the return of altseason soon

The return of altseason is a much-awaited event in the cryptocurrency sphere and the psychological barrier of relief, so to speak.

The values of various altcoins have been rising throughout this year; however, even with the rising prices, they could never cross the price mark of the leading cryptocurrency Bitcoin, thereby causing Bitcoin’s rate of dominance to rise considerably. Whilst there have been calling for the initiation of ‘altseason’ for a long time, however; no gains have been reported so far.

While some alternative coins such as Stellar have had their value increased, moreover, other alternate coins have also indicated the starting of upward trends.

XRP, LTC, ETH and ADA to lead the return of altseason

 Mitoshi Kaku, the creator of “Waves & Particle Trading System,” along with being a technical analyst, recently suggested that there is a possibility of many altcoins uptrend.

Per Kaku, the weekly time frame’s Ichimoku cloud indicator suggests that there is a possibility of an uptrend for Ripple XRP, Litecoin (LTC), Ethereum (ETH), and Cardano (ADA).

Mitoshi Kaku stated that Ichimoku cloud’s position enables a gradual uptrend for a period between five months to seven months.

Individual characteristics of altcoins:

  • Ethereum (ETH) is likely to be consolidating until April 2020.
  • XRP is likely to initiate an upward movement along with a retracement or an uptrend.
  • Litecoin (LTC) could probably be starting a swift upward movement in the near future.
  • Cardano (ADA) seems to be having the highest and most probable potential of an upward trend.

Moreover, the lagging span of all these four altcoins is below the value, which tends to indicate that, as of yet, the uptrend has not started.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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