The cryptocurrency market continues to experience a bullish surge, driven by Bitcoin’s ($BTC ) remarkable performance. BTC has climbed 31% in the past month, reaching a record-breaking $103,900. This upward momentum has extended to altcoins, with BTC dominance slipping from 61.53% to 55.24%, signaling a shift of market interest toward alternative cryptocurrencies.
Among the leading altcoins, Uniswap ($UNI ) and Litecoin ($LTC ) have stood out with gains of 114% and 86%, respectively. Both tokens are now approaching critical resistance levels, presenting potential opportunities for further significant price movements.
Uniswap (UNI): Testing Critical Resistance Zone
Uniswap (UNI) has surged impressively from $9 to its current price of $18.72, marking a 114% gain over the past month. This rally has brought UNI into a key resistance zone between $18.20 and $20.20.
A confirmed breakout above the $20.20 level could signal the continuation of the bullish trend, potentially propelling UNI toward the next major resistance levels at $23.06 and $28.30. Such a move would represent a potential 40% price increase from the current resistance point.
Litecoin (LTC): On the Verge of a Breakout
Litecoin (LTC) has also delivered strong performance during the ongoing market rally. The token has climbed from $70 to a recent high of $146, currently trading around $133.42. LTC now finds itself within a critical resistance range between $128 and $146.
Should LTC successfully break above the $146 level, it could pave the way for a substantial rally, with the next significant resistance target at $296. This breakout could result in a potential upside of up to 100% from the current resistance level.
The Moving Average Convergence Divergence (MACD) indicator for LTC supports this bullish outlook, showing sustained momentum in favor of buyers.
What’s Next for UNI and LTC?
Both Uniswap (UNI) and Litecoin (LTC) are exhibiting strong bullish trends as they approach critical resistance levels. As Bitcoin’s dominance continues to decline, altcoins like UNI and LTC are increasingly capturing market attention.
A confirmed breakout above their respective resistance zones could unlock substantial upside potential in the coming weeks. However, resistance areas are often challenging to surpass, and traders should exercise caution. Waiting for clear breakout confirmations accompanied by strong trading volume is essential for informed decision-making.
While the prospects are promising, the cryptocurrency market’s inherent volatility underscores the importance of prudent risk management. UNI and LTC remain top contenders to watch as the broader market rally unfolds.