Crypto Daily: Top-5 Portfolio Grew at 20% and Again Exceed $50,000

Aug 12, 2021
05:08
2 min reading

Choise.com team

The volume of the portfolio remained practically unchanged last week at about $44,000. But despite this, we carried out a rebalancing, during which we bought XRP, Crypterium, and Litecoin. Let’s see if this helped improve the health of our portfolio:

Over the past week, our portfolio has grown by 20% and its value has increased by $9,000 and is now $53,582. The last time we observed such values was 3 months ago, after the collapse on May 19th. Absolutely all cryptocurrencies in our portfolio showed double-digit growth and this indicates a strong upward trend in the market.

The leader of growth this week was XRP, the price of which increased by 38% and again exceeded $1. We warned you about such a development of events and our forecast came true. Now we expect to see the price fixing above $1 with subsequent growth up to the level of $1.20.

Litecoin also showed significant growth, which grew by 22.67% over the past 7 days. As we expected, the coin’s chart came to the $170 level and began to roll back down. In the short-term trend, the chart may move back down to $150 in order to gain strength before a new upward push. After that, the LTC price will rush to the level of $200 per coin.

Not far from Litecoin, CRPT is located, which only slightly lost from LTC – its price increased by 22.18%. We’ve been saying for a long time that CRPT is in the accumulation phase. Just last week, the chart broke the downtrend upward, which is a signal for a further round of growth. The closest level to which the chart will stretch is at $0.20.

Ethereum also rose this week. Its price has risen by 17.5% over the week. However, in recent days, the chart has been trapped in an ascending triangle and is gaining strength for a new upside breakout. We think that within a week ETH will be able to overcome the $3,200 mark and after that, the price will rush 10% – 15% up to the $3,500 – $3,700 range.

Bitcoin took the last place this time, but its result is very high – the growth was more than 15%. The chart of the first cryptocurrency has been declining during the last 3 days, as buyers were unable to break through the $46,000 level and gain a foothold above it. We expect to see a slight decline, which will be a retest of the downtrend line. In this case, Bitcoin can go down to the $40,000 – $42,000 range.

This time we will not carry out rebalancing, since all assets are in acceptable shares. It should be noted that the coins that we bought last time showed the best result and had a positive effect on our portfolio.

Now it is becoming obvious that the crypto market is moving into an upward trend. This can be seen in the strong growth of many altcoins (don’t forget to use AI Price Predictions before daily trading and for monitoring them). Most likely, we will see a new protracted round of growth until winter. According to the current situation, we can say that a small correction of 7% – 10% is needed before conquering new peaks.