The cryptocurrency market has been moving strongly in the last days of May 2019. Bitcoin testing a couple of opportunities at 9k levels and creating a firm support at 8.6k that allows it to catapult to the next level.
As a result, the FOMO in the market has grown as well as the investments, which have allowed to maintain optimal market levels above $ 277 billion, with BTC dominating the scene above 55%.
As expected, many altcoins have benefited from this continuous rally which started last April, and one of them is undoubtedly the Ripple token, XRP.
At the time of writing, XRP quotes solidly above the forty cents level at a spot price of $ 0.454 per token with an increase of + 1.55% in the last 24 hours that allow it to increase its market cap to almost $ 20 billion. .
The fact that XRP has been growing steadily in recent months, close to the level of half a dollar per token, has to do with its independence from BTC price, and we can see that in the amount of XRP rings that contribute to the token market.
As seen in the above table of Coinmarketcap.com, the XRP/BTC pair does not appear in the top ten of those that contribute to the ecosystem of the XRP token.
In short, it translates into an independence of the token in relation to the cryptocurrency that directly influences its price. Hence its sustained growth with a strong upward channel in recent weeks, as we can see that in the 1H chart of XRP .
In addition, the Stochastic indicator has been perfectly drawing a sinusoidal movement that describes the strong exchange market which allows the creation higher lows recently.
As for the rest of the year 2019, we can see that XRP is already close to the level of $ 0.50 and this would to be achieved without any problem in the coming weeks, which would mean levels close to December 2018.
Aroon is bullish for the rest of the year, with its bullish indicator (green line) at the top of the chart, after the token managed to break the key resistance level $ 0.40 this month.
RSI is in good levels, with strong purchasing pressure by those who still doubted its performance for the rest of 2019, and those who have seen a brighter outlook for the token.
If we visualize the long-term outlook, we observe that XRP is projecting an ascending parabola that can take the token to levels of R2 for 2020 and R3 for 2021.
The weekly chart, which we show, tells us that Aroon has just begun to be bullish and that its counterpart begins to go to the fund, so in the long term, the token promises an upward trajectory of more than $ 2.00 per token in the long term.
As if that were not enough, CMF has made an astronomical change this month, projecting greater income of money flow to the ecosystem of XRP, which will give more support for a sustained rally of higher prices.
The Bollinger Bands for this chart are well closed, with little price volatility indicating a sustained stability that helps growth with strong solid supports.
In the XRP weekly chart, the crossing of EMA to 15 and 30 periods projects a bullish cross, which coincides with the first week of June and this would be the beginning of the projected ascending parabola at levels of R1 .
Litecoin (LTC) Price Predictions for 2019/2020/2021
The silver cryptocurrency has had an exceptional month in May, with growth similar to that registered in the bullish full year of 2017. At the time of writing, the cryptocurrency reports a price of $ 112.74 with a price correction of the order of -3, 66% in the last 24 hours as a result of the withdrawal of earnings for positions closed at levels of $ 110.
Litecoin is one of the cryptos of the top ten that has high dependence on BTC, so any upward or downward movement of Bitcoin has a direct impact on the price of the altcoin, due to the dominant market share of the LTC/BTC pair, as we can see in the following graph.
In view of the positive projections for BTC in the long term, we can infer that due to the high dependency ratio between both cryptos, LTC could return in the next two years to levels higher than $ 300, x3 times its current price.
Already LTC has exceeded the expectations projected for these dates, according to our latest analysis of the cryptocurrency for the 1D chart.
For the long-term chart, there is an Elliot wave that began to form in April, in a sustained manner, and that can be cyclically reversed in relation to the behavior of LTC in 2017-2018 .
That is why we expect LTC to reach levels of R1 for the rest of 2019, R2 for 2020 and an end of values above $ 300 for 2021.
The strong reference support for the long term is EMA at 50 periods with average levels of $ 80.
RSI has begun to draw a positive slope with strong value due to the existing purchasing pressure for the altcoin and the expectations of what it can achieve in the medium term.
Aroon remains at the top of the chart in its bullish indicator, and its counterpart does not show symptoms of reviving for now, due to the strong control of the bulls in the long term.
Tron (TRX) Price Predictions for 2019/2020/2021
The cryptocurrency of Justin Sun has been stagnant in recent days to the point that it has lost positions in the ranking of cryptocurrencies. It has currently relegated to position 12 of the market with a spot price of $ 0.033 per unit, a -3.18% value change in the last 24 hours.
However, Tron is close to achieving its next stage of development, according to the planned roadmap that could trigger a higher price of its assets. In addition, TRX has achieved independence from the pair anchored to the BTC, just like XRP token, which is good, since it now depends on its development and adoption to achieve improvements in its price.
TRX has advanced to the scenario foreseen for the next quarter of 2019, according to our last analysis of the cryptocurrency.
Now, we can see TRX projecting a new Elliot wave in the long term, a little slower, with a smoother slope that will lead to the end of the year projection at levels of R1 @ $ 0.053.
If our analysis is not altered by negative external events, TRX could achieve levels of $ 0.08 by 2020 and finally reach ten cents in a two-year period.
Aroon has been starting to build a bullish ladder and despite not having reached the top of the chart, its counterpart is beginning to decline, which is evident that the bullish moment is beginning to be felt in the TRX market.
Its key support remains in the EMA at 50 periods at average levels of @ 0.030.
