If ETH price continues its downtrend, it is possible to drop below $3,800 and then drop to $3,518.
LTC, on the other hand, is fluctuating between $116-130, and when this congestion is broken, the price could drop to $105. LTC has fallen behind its competitors.
Today, investors are eagerly awaiting the Fed's announcements regarding the interest rate cut. A 25 basis point cut is expected. With the pause in the decline in inflation, it is being discussed that the Fed may decide to pause the interest rate cuts in future meetings. So, how are the price estimates for AVAX, ETH and LTC shaped after these developments?
ETH Price Prediction:$ETH
ETH tested the $4,100 resistance in recent months, signaling that it would reach new highs again after years. However, despite the recent declines, investors are not pessimistic because in the past, short-term pullbacks have occurred while prices were rising. While two years ago, it was discussed whether ETH would fall below $800, today we can talk about a significant resistance level of $4,100.
ETH tested resistance levels in 10-day periods and is likely to see new tests as long as it maintains the $ 3,800 support. What is important is that each new test weakens this resistance and a new rise towards $ 6,000 begins once the $ 4,100 level is broken.
If the $3,800 level is lost, ETH is likely to drop to $3,518. Also, the $0.0369 support in the ETH/BTC pair has been lost and a recovery against BTC should begin after this level.
AVAX Price Forecast:$AVAX
Avalanche (AVAX) is currently trading at $46.6 but has failed to break the $54 target by falling below $46.4. If the decline continues, new pullbacks could be seen at $43.9 and $40.2. Depending on the roadmap that BTC will follow in the coming days, AVAX will either test new resistance or continue to pull back to support levels.
LTC Price Prediction:$LTC
Recently, LTC has been stuck between $116-$130. The fluctuation in this narrow range indicates that a breakout is needed. If the $116 support is lost, LTC is likely to experience a decline towards the support in the $105-$100 range. A deeper correction could continue to $82.
However, the 126% rally in early 2024 suggests that LTC is not yet too bullish compared to older altcoins (like XRP, ADA). This raises the possibility that LTC could start a new rally and break above the $200 level. Especially considering that prices were seen at $113 last year, LTC’s potential is still not lost. Compared to its rivals, LTC may be one of the altcoins that lag behind in future increases, although it has not been able to approach ATH levels for a while.