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Top Cryptos Race: Helium (HNT) Leads the Way as Monero (XMR) and Litecoin (LTC) Join the Rally

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2024-09-07 06:28:31785browse

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

Top Cryptos Race: Helium (HNT) Leads the Way as Monero (XMR) and Litecoin (LTC) Join the Rally

The crypto market witnessed a bullish week as altcoins continued to experience strong buying pressure. However, Bitcoin (BTC) remained range-bound, allowing altcoins to steal the limelight.

Among the top 100 cryptos by market capitalization, three digital assets stood out with their impressive bullish momentum. These assets include Helium (HNT), Monero (XMR), and Litecoin (LTC).

Helium (HNT) Price Analysis: Leading The Top Cryptos Race

HNT crypto leads the pack with a weekly rise of over 10% and is showcasing a parabolic jump in its value during the past few trading sessions. It crossed its previous three-month barrier of $8 and could revisit the 52-week high zone near $9.20.

Helium price is trading inside a rising channel and continuing 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. Keep an eye on HNT price movements for optimal trading opportunities.

Monero (XMR) Price Analysis: Forming 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.

XMR Price by TheCoinRepublic on TradingView.com

Priced at $174.30 with an intraday rise of over 0.50%, XMR price 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. 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) Price Analysis: Seeing A Surge In Bullish Bias; What’s Next?

LTC price has been moving upwards since the beginning of September and in a span of only 5 days, it 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. At press time, LTC price traded at $65.38 with an intraday rise of over 0.23%, displaying a minor upsurge.

LTC Price by TheCoinRepublic on TradingView.com

Moreover, 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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