Since the beginning of this month, three digital assets have gained immense bullish momentum and remained in the list of top cryptos among the top 100 by market capitalization. The top cryptos race was led by assets like Helium (HNT), Monero (XMR), and Litecoin (LTC).
During the week, bullish pressure in the market remained intact as altcoins experienced buying pressure. However, Bitcoin (BTC) continues to trade sideways, allowing the altcoins to have their time in the limelight.
Top Cryptos Race: Helium (HNT) Leading the Way
Helium crypto leads the pack with a weekly rise of over 10% and witnessed a parabolic jump in its value over the past few sessions. It crossed its previous three-month barrier of $8. The coin could revisit the 52-week high zone close to $9.20.
It is trading inside a rising channel and continues to deliver the higher high swings. Climbing above the key EMAs, the uptrend is intact and HNT crypto is set for a sharp upswing in the coming sessions.
HNT Price by TheCoinRepublic on TradingView.com
Helium traded at $8.26 with an intraday rise of over 1.06% at press time. It has a market cap of $799.74 Million and a circulating supply of 97.70 Million.
Helium crypto is a must have pick that could reward massive gains for this month.
Monero (XMR) Forms Rounding Bottom Pattern: Breakout Imminent?
With a 7% weekly rise, Monero is the second highest gainer this week and is looking bullish on the chart.
It formed a rounding bottom pattern and exhibited an impressive recovery of over 23% in the last two weeks. It eyes to breach the ongoing neckline hurdle of $180 and is looking to cross its 52 week high barrier.
With an intraday rise of over 0.50%, XMR price traded at $174.30 at press time. It boasts a market cap of $3.21 Billion and has a volume to market cap ratio of 0.0182.
With a strong volume based buying action, XMR is poised for a multi-month breakout and looks a strong contender to watch out this month.
XMR Price by TheCoinRepublic on TradingView.com
The RSI curve is in the overbought zone and the CMF indicator reading noted at +0.20 pointed toward heightened buying pressure.
Accompanied by Open Interest rise, speculators are looking for a wild up move and XMR price could reach the $200 mark in the coming sessions.
Litecoin (LTC) Sees Surge in Bullish Bias: What’s Next?
Litecoin has been moving upwards since the beginning of September. In a span of only 5 days, LTC price increased by 6%.
However, it faces the 50 day EMA hurdle as a local top and is trying to overcome the barrier. A significant recovery from the lower level of $55 was observed and the altcoin gained immense traction over the last two weeks.
LTC Price by TheCoinRepublic on TradingView.com
At press time, LTC price traded at $65.38 with an intraday rise of over 0.23%, displaying a minor upsurge.
In addition, a bullish divergence is seen, indicating that the bullish reversal is backed by strong buying pressure. This divergence suggests that a reversal is valid and could persist.
Once buyers maintained a clear upper hand, LTC price could shift into a significant uptrend, potentially crossing $70. However, if liquidity returns to the market, pushing LTC below the $60 mark, this bullish outlook would be entirely invalidated.
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