LTC is currently trading around $119.1. LTC had its halving some time ago, and since then, its price has been continuously dropping. This has been its history whenever halving happens, its price drops at that time. But after 6-8 months it pumps well. Almost that much time has passed now and according to charts and history LTC can see a good pump Its short term support will be $114.1 And its sell zone will be above $130.
XRP is currently trading around $2.49 and is in a good zone where it can give us a good profit in the short term. Its sell zone is at $2.75 which we will consider as short-term resistance. If this resistance breaks, we can see a pump up to $3.10 which has a high probability of happening if the market remains stable.
My respected followers as we all know, the market is currently dropping badly. At this moment, we all just need to stay patient. This is the kind of time that reveals the true mindset of a trader whether they are loyal to their strategy or not. Right now, it’s a real test for spot traders. Just stay calm and hold your positions with strength. Don’t sell anything in a loss if you’ve done your research properly and bought a solid project.
ETH is currently trading around $2,520. If we look at ETH’s momentum right now it’s quite good as it is holding its supports. However there is still uncertainty in the market which caused ETH to drop again. As the market improves ETH will also continue to pump. Now if we look at the short term support the $2,460 level is a point from where ETH can be targeted for buying.
I was busy with travel for the past few days which is why I couldn’t share market updates sorry to all the followers who actively wait for them. Currently, if we look at BTC’s momentum it has weakened due to the war news. If a war breaks out between Iran and Israel the market could bleed even more. But as far as my research says, this situation will be controlled again and all markets will recover. If we look at the short-term support it lies around 101,700 for BTC. A buying plan can be considered from this level.
ETH is currently trading around $2,450. After last night’s news, ETH also dropped nearly 11% even though it was showing strong momentum in recent days. Once again due to this news ETH took a dump. Meanwhile major investment firms like BlackRock are now starting to sell BTC and heavily buy ETH. This year could turn out to be very strong for ETH. Now looking at the short-term support it lies between $2,360 to $2,320. A scalping plan can be considered from this zone for ETH.
Due to the fight between Elon and Trump the entire market is bleeding again. BTC has also dumped almost to $108,000, taking a correction of nearly 5%. The support from which BTC has bounced is a strong support. There are high chances that BTC will hold this level if no news comes out. If this support breaks then we can directly see the $97,300 level. So keep an eye on this support as long as the market stays above it is safe.
BTC nothing changed from this morning, still on support, but uncertainty since this is the last Friday of the month we will evaluate new positions next week it will be essential to see tomorrow how the month closes. But the short-term scenario does not change because the price has fallen in the last 3 days. With a monthly close below 105k the price could retest 95k at the beginning of June.
ETH next move could be bullish it’s currently trading around $2,542. If you check my previous post I shared ETH’s support level and Alhamdulillah it bounced exactly from there. Now ETH has the potential to pump well. I personally see ETH crossing $2,870 this week. It can go that high because many people currently consider ETH dead but according to Glassnode there’s significant liquidation above $2,900 which the market might target. The short term support remains at $2,490, and there’s a strong possibility ETH will bounce from that level.
BTC is currently trading around $108,900, and the recent weekly closing was quite strong, which is bullish for the market. Personally I see BTC forming a new ATH again from here because there’s a significant amount of new liquidation above. Additionally those who shorted from the $96K $98K level have their liquidation zones on the upside too around the $115K$120K levels. In the coming days the market could aim to liquidate them. However, we should also keep the short term support in mind which is at $107,500.
ETH is still stuck in this range while BTC has already made a new ATH. Now people are panicking thinking that if BTC drops the same situation might repeat. Right now people are being kept away from altcoins with the belief that alts won’t pump. But here’s the thing if you and I don’t make money from this market especially in spot then what’s the point of staying in the market? Exchanges won’t let that happen. ETH will follow BTC, and the rest of our altcoins will also pump. What’s needed right now is patience. I know most people are currently 50 70% down in spot just like me but if you remember the March 2023 pump the setup looked exactly the same and the returns that followed are also something you won’t forget. ETH’s short term support is still at 2470.
Finally guys BTC has broken its ATH after 104 days and made a new all time high. If you’ve been following my daily updates you’ve probably benefited from this pump too just like I mentioned in my previous post. Now if BTC gives a daily closing above 109K/107K that will be a strong positive sign and could lead to further upside. Alts are also likely to follow BTC’s pump. So keep a close watch on the daily closing and don’t panic don’t sell at a loss. Alts will catch up with BTC’s momentum.
ETH is currently trading around $2470. After getting rejected from resistance it’s now retesting its support and holding the level well. If no negative news comes next week we could see a good pump from here as there’s heavy liquidation above. CPI PPI and tariff deals between China and the US are all positive signs for the market. Right now the market is mainly playing a liquidation game. ETH’s short-term support remains at $2430.
SOL is currently trading around $150. Looking at the overall altcoin market condition SOL is still standing strong at the top. Due to the meme coin hype it has managed to hold its price well. It’s still in a good zone and repeatedly testing the $153–$155 resistance level. If that level breaks, SOL could easily move toward $170–$175 again. For now, the short-term support is at $143.9.
ETH is currently priced at $1840 and is also starting to show some strength alongside BTC. We could see strong buying pressure here and volume may increase as well. If BTC holds the $102K level we can expect a solid pump across the market. If ETH pumps the entire altcoin market could follow. This month we can expect a strong rally. ETH’s short term support is forming around $1795 and the sell zone is around $1870.
BTC is currently trading around $96,500. You can check my previous posts where I clearly mentioned not to open any short positions when BTC was dumping rapidly and I also explained the reason. Now on the 4H chart BTC is forming a rising wedge. If we get a closing above $97,300 we could see another strong move, and the $102K level may come again. There’s still a lot of buying pressure in BTC and the upcoming FOMC meeting next week is going to be very important for the market.
Today's PCE data was bullish overall for the market. Our investments like many others are mostly in altcoins and until majors pump we’ll stay in a loss. Looking at everything there is still a lot of uncertainty in the market which is why people are not putting money into risky assets. In fact people aren’t even going into stocks. Every investor is shifting their money into gold because it's a safe asset. Until the tariff situation is fully resolved and BTC dominance drops money won’t flow out of gold and altcoins will remain slow. As per my analysis which I’ve shared before as well I believe we can expect a good rally in altcoins before July because things have started improving now.
ETH is currently trading around $1790 and the way it’s holding this price zone there’s a high chance we could see a strong recovery in ETH. The market is currently slow and the main reason is the upcoming PCE data tomorrow and the FOMC meeting next week. If both these events turn out positive for the market we can easily see a strong pump. For now ETH’s short-term support is at $1750 and the resistance level is at $1830.
China has removed the 125% tariff on US imports of ethane a natural gas component mostly used in producing chemicals and fuels. This is a very positive development for the market. If no negative news comes in between and other countries also start negotiating tariffs similarly we could see a good recovery in both the stock and crypto markets. BTC is still ranging in the same zone but there’s a strong chance we might see a breakout from here.
If we look at the BTC dominance chart it’s continuously pumping and is now in the overbought zone. Because of this, the altcoin market isn’t picking up almost all altcoins are dead right now as most of the money is stuck in BTC. Until BTC takes a correction the money won’t shift into altcoins. Currently the overall market has improved slightly, and there are good chances that next month we’ll see a dip in BTC dominance which can lead to a strong rally in altcoins. If you are currently down in your spot positions just wait within the next 2 months we could see significant improvements in altcoins.