$XRP , $XLM , $LTC : Top cryptocurrencies to watch this week 🚀👀
The global cryptocurrency market capitalization surged by an impressive 16.3% last week, reaching a record high of $3.2 trillion and gaining $430 billion in valuation for the week, which often mirrors XRP’s price movements, delivered an equally impressive rally last week, recording a staggering 115% surge by the week’s close.
The majority of these gains were realized on Nov. 16, with XLM posting a 50.95% increase. This upward momentum was triggered by a breakout above the upper boundary of the Keltner Channel on Nov. 15, propelling XLM past the $0.13 mark.
However, the new week has seen XLM facing a sharp 12% decline, accompanied by a drop in its RSI, signaling weakening momentum.
Litecoin initially trailed in the broader market uptrend but experienced a significant rally last week, breaking through the $70 range. The asset initially spiked to $80 on Nov. 11 before retreating to $71 two days later.
Currently trading at $87.58, LTC finds immediate support at the 38.2% Fibonacci retracement level around $85.64.
If this level is breached, the next line of defense lies at $81.57 to prevent a drop below $80.On the upside, Litecoin needs to clear $90.67 to regain bullish momentum.
Make DYOR ☝️💡
