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The Christmas holidays are in full swing and with the recent pumps in altcoins, it seems that Santa is in town. Except for the Counterparty (XCP / BTC), all the last week's altcoins have taken interesting steps. AION (AION / BTC) brought the crew to pump more than 35% in one week, while both SingularityNET (AGI / BTC) and NAV Coin (NAV / BTC) exceeded their average points. On the other hand, PolyMath (POLY / BTC) seems to create a bullish rise at our mid-point.
For this week, we have an exciting group that includes four large altcoins. Here are the five altcoins to see this week.
Ripple (XRP / BTC)
While many large altcoins such as TRON (TRX / BTC) and EOS (EOS / BTC) pumped, Ripple remained in consolidation. His short climb to just over 0.0001 on December 19th was met by heavy sales. As a result, the market is now trading around 0.00009.
No worries, because Ripple seems to be in excellent shape. A look at the daily chart shows that the market can be triggered for an explosion.
Daily chart of XRP / BTC
It looks like Ripple is forming a big bullish pennant. It may not be the most beautiful pennant, but with a strong uptrend, it seems that the market can emerge from consolidation in the coming days.
EOS (EOS / BTC)
EOS consolidated after a strong two-week run that saw the market climb to the top of our range of 0.000697. Even if the bears have defended the resistance, it seems that the bulls are simply waiting for their time.
4H graph of EOS / BTC
A look at the 4-hour chart shows that EOS is operating inside a falling wedge. If the market complies with 100 MA; it could be enough to trigger a pattern breakout. Otherwise, you can consider the midpoint of the radius of 0.0005825 as a possible stage for another strong rally.
Litecoin (LTC / BTC)
Believe it or not, we now consider Litecoin as a cryptophan. After Litecoin was pumped, on December 16, 2018, many of the large-capitalized cryptates, including Bitcoin, followed suit. We are now closely following Litecoin's price action to understand where the other large caps are headed.
The technical analysis of the 4H chart reveals that LTC / BTC is undergoing consolidation during the exchange within a declining wedge. We consider 0.007355 as the lowest potential and the rebound area. However, we have the feeling that it could come out of the model before hitting our target. In that case, consider the scooting positions once Litecoin comes out of the falling wedge.
4H graph of LTC / BTC
Stellar Lumens (XLM / BTC)
Just like Ripple, Stellar Lumens has remained in the process of consolidation while many of his peers of great capitalism are enlightened. This is good news for those left behind because it seems that Stellar Lumens may soon explode.
4H graph of XLM / BTC
An examination of Table 4H shows that XLM / BTC is forming a symmetrical triangle. The market tried to overcome resistance on 21 December, rising to 0.00003299. However, basic fishermen took the event as an opportunity to get quick profits.
The good news is that Stellar Lumens appears en route to create another higher minimum at 0.0000304. Another lower upside configuration should give the market the upward momentum it needs to exit the triangle and eliminate the range resistance of 0.000031.
CyberMiles (CMT / BTC)
CyberMiles is one of those altcoins who seemed dead a few days ago. On December 8, 2018, it broke our sand line of 0.00000802. At that point we were convinced that CyberMiles no longer deserved our attention. However, he managed to win back our interest on December 21st when he broke out from a falling wedge and pumped nearly 25 percent in a day.
Daily chart of CMT / BTC
CyberMiles seems to create a short-term fund. We will be interested in accepting a transaction only after having claimed and rechecked the 0.00000802 support. When it does, CMT / BTC will be a very interesting candidate for bottom picking.
Bottom line
With the holiday season in full swing, it looks like Santa has printed big green candles. We have an exciting week ahead of us, as four large altcoins and a promising bottom picking candidate seem ready to make big moves.
Featured image courtesy of Shutterstock.
