Let us remind you that last time the value of our portfolio fell by $12,000 due to the decline in the entire crypto market. In the last 7 days, we have seen a reversal trend from most cryptocurrencies, which allows us to hope for the growth of our portfolio this week:
The table shows that this time our portfolio has grown by $2,000 or 3.24%. At the same time, most coins fluctuated around their previous prices, and only Ethereum showed significant growth. This is a good indication of the current market sentiment, which is still uncertain. This means that market participants are not sure where the market will go next.
Ethereum became the leader of growth this week by a significant margin. Compared to last week, its price has increased by 13%. Over the past 4 days, growth was 23%, which allowed the chart to set the new ATH at $2,760. Ethereum is moving along the upper border of the channel and preparing to break it. In this case, the price could rise to $3,000 in 7 days.
It was followed by XRP, which rose almost 8% over the week. As we expected last time, the price of the coin first dropped to $1, and after that, it showed a sharp rise to the current levels. Now the chart is being found and preparing for a new round of growth. The immediate target to which XRP may rise is $1.67.
Bitcoin is up just 2% over the week. However, during these 7 days, its price fell by more than 10% and reached $47,000. Within 3 days, buyers could return the price to the previous levels, and the chart turned into consolidation. Many indicators point to a reversal and further price growth. The main resistance is at $56,000. If the price consolidates above this level, Bitcoin may rise again to the $62,000 – $64,000 range.
LTC price dropped slightly – by 1.27%. However, his chart almost completely mirrored Bitcoin’s chart this week. The coin’s price has been steadily falling for 10 days, dropping 38% from the local maximum. After that, the chart grew by 16% and is now fixed at about $250. Many signs point to the continued growth of Litecoin all the way up to $280 and even up to $300.
CRPT also fell slightly in price – by 2.94%. Its price has moved down to the downtrend trend from top to bottom and is testing it. During the sharp drop in the entire market, the CRPT fell to $0.30, but buyers quickly brought the price back. CRPT has passed a pivot point for absolutely all indicators and is preparing for growth. The chart itself also indicates this. Within a week, the CRPT price may reach the first target at $0.45.
The structure of our portfolio has changed little, and the shares of all assets are within acceptable values, so we will not rebalance the portfolio this time.
This week, the crypto market began to calm down following a strong drop in Bitcoin. Many altcoin charts have turned upward and are ready for a new growth cycle. This is also indicated by the changes in our portfolio. Buy crypto and be ready for new highs