Altcoins are trading in bullish trend zones while bulls are challenging their respective overhead resistance levels. The overhead resistance has yet to be breached as the markets reach overbought conditions.
Cardano (ADA) is in a sideways movement, but meets with rejection at the resistance zone of $0.55. Buyers were unable to hold the price above the $0.55 high as there was strong selling pressure at higher price levels.
In the last two weeks, Litecoin (LTC) price has been trading above the moving average lines. The uptrend was slowed down by the $64 resistance. Since July 18, the cryptocurrency has been forced to move sideways. The altcoin has been trading between $51 and $64.
Ripple (XRP) price is trading in the bullish trend zone and above the moving average lines. The bottom line is that XRP will continue to rise as long as the price bars remain above the moving average lines. After rejecting the resistance at $0.39, XRP is fluctuating above the 21-day line SMA.