Home / Altcoins / Will These Privacy Coins Make Impressive Gains After The Major Alts? – Technical Analysis

Will These Privacy Coins Make Impressive Gains After The Major Alts? – Technical Analysis

Will These Privacy Coins Make Impressive Gains After The Major Alts?

Bitcoin has been in an uptrend since a few weeks. As soon as BTC took a break from its upwards momentum, we saw the major altcoins make massive gains. XRP gained more than 200%. XLM doubled in price. BCH, ETH, NEO, LTC were also the top gainers this week.

Historically, it has been observed that privacy coins start making larger gains after the major altcoins have pulled green candles. Let us see if this repeats again.

We will review ZEC, XMR and XZC to find out where their price action.

 

ZEC/USD – Price Prediction

ZEC is approaching the resistance level of $84.79. It is most likely going to break this resistance and jump towards the major resistance of $89.49. If it can break this resistance, we can see ZEC making a move towards $97.53. Failure to break the resistance can lead to a drop in price towards $75.79 and $70.58.

 

XMR/USD – Price Prediction

If XMR can break the resistance at $131.95, we can see a further move towards $140 and $150.

Failure to hold the current level at $131.95 could lead to a drop in price towards $120 and @110

 

XZC/USD – Price Prediction

XZC is more likely to make a move towards $4.98 into the first resistance. Once it breaks this resistance, we can see a further move towards $5.51 and $6.05. Failure to hold the support at $4.29 can lead to a price drop towards $3.46 and $2.98

 

Images courtesy of TradingView.

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Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.


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