Crypto Daily: Top-5 Portfolio Grew by 12% and Set ATH

Apr 01, 2021
12:04
2 min reading

Choise.com team

Last week, we performed our second portfolio rebalancing in March due to a sharp 40% growth in CRPT. Over the past 7 days, the market situation has changed positively, and many coins have shown significant growth. Let’s take a look at how this affected our portfolio:

As you can see from the table, the past week turned out to be extremely successful for our crypto portfolio. Its value increased by 12.5% and reached $57,028. This is the best result for the entire time of our experiment, which we have been conducting since the end of May 2020. Almost all cryptocurrencies from the portfolio showed double-digit growth at the end of March, which is a very strong dynamic.

This time, Ethereum became the leader in growth with an indicator of + 21.82% in 7 days. It has practically grown to $2,000 and will no doubt continue to grow. Yesterday we predicted that Ethereum could break through the upper border of the triangle and grow significantly. Our expectations were met. Now the main resistance for the chart will be $2,000 and $2,068. It is in this zone that there will be a strong struggle between sellers and buyers. Over the course of the week, we expect to see ETH set a new ATH and rise to a low of $2,500.

XRP is in second place, showing an increase of almost 18% over the week. An “ascending triangle” pattern has formed on the chart, which indicates a high probability of new growth. If the daily candlestick fixes above $0.57, the XRP price may rise significantly – first to $0.64 and then to $0.70.

Bitcoin also increased significantly in price – by 12.82%. The chart of the first cryptocurrency has been fixed above $58,000, and this is a sign for further growth. The nearest resistance is the $60,000 level. Most likely, Bitcoin will take it and head towards ATH at $61,744. There is a high probability that this level will also fail. In this case, the price can easily rise to $66,000 – $68,000.

Litecoin has grown in much the same way as Bitcoin, which proves that these charts are related to each other. LTC price managed to stay above the uptrend line, which triggered an increase to $200. However, it is premature to talk about a new round of growth because the chart is in a narrowing triangle. Therefore, it will be difficult to predict the further direction. It is necessary to rely on the upper and lower boundaries of the figure. If the chart breaks through one of them, then it will move in the same direction.

The CRPT price has dropped by 3% this time. This can be called a correction after strong growth of more than 100%. The price is near the trend line and is testing it from below. At any moment, the chart can break through it and turn upward. Nevertheless, for now, we expect the price to consolidate in the range of $0.40 – $0.45.

The past week turned out to be extremely positive both for the market and for our portfolio. We assumed such a development of events last time and were right. Most likely, this week, we will see new growth spikes. That being said, some coins such as Bitcoin and Ethereum can set new ATHs.