Altcoins like LUNC, LINK, LTC, MATIC & AVAX to show different action soon!

by Arthur · October 3, 2022

Crypto markets remained strongly consolidated over the past weekend as the Bitcoin price continues to trade along the same support zone. The star cryptocurrency closed last week at around $19,000 with low volatility and low volume. Markets barely moved, flashing strong signs of exhaustion as indices continued to fall. Therefore, in such a scenario where the volatility period extends sharply, one can therefore speculate on a big move during the next couple of weeks.

With a slight change in market sentiment, some of the major altcoins can also rise with great bullish momentum.

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Chainlink (LINK)

Chainlink prices have shown considerable strength since the beginning of September, and after a minor setback, a steady upturn may soon begin. However, considering the current price action, the LINK price is expected to accumulate some strength. As the volume has been cut, the price may witness a slight decline. Furthermore, a giant rally could bring the price close to $10 if it manages to sustain above $7.65.

Terra Classic (LUNC)

Terra Classic’s price rallied far over the past weekend trying to regain the decisive resistance at $0.00036. However, it showed considerable strength as it managed to trade above $0.00032. If the price manages to stay within the resistance zone without reversing, a noticeable uptrend could emerge. Otherwise, the price may continue to trade around $0.0003 for a longer time. On the brighter side, a break above $0.00036 could pave the way for a significant rally above $0.00045.

Litecoin (LTC)

After a gigantic rally, Litecoin prices are currently consolidating heavily and plunging towards the lower decisive zone. However, despite a notable pullback, prices are required to hold the lower crucial levels between $43 and $46. If the price HODLs at these levels, a noticeable rally towards a 3-digit level may be imminent only after it tests and clears the central zones at $81.

Polygon (MATIC)

Despite a bearish end to the month, Polygon(MATIC) price is showing acute strength as it holds above $0.75 after regaining the central area around $0.72. The assets usually become highly volatile as they exceeded $0.72 levels and therefore also have the possibility of a retest to $0.65 levels. If it manages to stay above $0.75, the price level could rise above $0.80 very soon.

Avalanche (AVAX)

Avalanche’s price is showing a contrasting rally compared to all of the above altcoins as the asset looks poised for another 10% decline in the coming days. Additionally, the platform lags behind volume and volatility, which could pull the price close to $16 or even below those levels. If the price holds at these levels, a rally could push the price close to $18. Conversely, a mistake could cause the price to fall hard to $15.75 initially and later to $14.