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Best Altcoins to Watch Today, March 17 - Cardano, Litecoin, XRP

Highlights:

  • Cardano shows rising momentum, with a potential breakout above $0.304 targeting $0.338 and $0.376.
  • Litecoin is poised for a rally, with strong support and bullish momentum pointing towards $100.
  • XRP’s price continues to rise, with $1.66 resistance and a potential target of $1.95.

The crypto market extended its rally today, driven by renewed investor interest and the cooling down of the ongoing war. Digital assets recorded over $1 billion in inflows last week after several weeks of outflows. Meanwhile, investors are considering crypto a safe haven in the face of the ongoing geopolitical tensions. 

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Amid this rally, several assets have hit new monthly highs. For instance, Bitcoin has reached $75,988, driving the broad market rally. The overall market capitalization and trading volume have surged to $2.53 trillion and $142 billion, respectively. Moreover, the market sentiment has shifted to neutral at 40 levels. As the bullish momentum prevails in the market, let’s discuss the best altcoins to watch today, such as Cardano, Litecoin, and XRP.

Best Altcoins to Buy Today

1. Cardano (ADA)

Cardano broke out of the consolidation around the $0.2600 region after recording an 8% gain on the weekly chart. Currently, the price is sitting around $284, down by 1.70% over the last 24 hours. Moreover, its trading volume has exploded by more than 80% to $1.05 billion.

ADA Price Chart: CoinMarketCap

Crypto analyst Ali Martinez has noted that Cardano has traded sideways for 45 days. On the four-hour chart, price now presses against channel resistance at $0.304. Recent candles also show rising momentum after repeated rebounds near $0.245. Currently, ADA’s price is resting around $0.288 as buyers test higher ground.

If buyers push above $0.304, Martinez expects momentum to expand quickly on this chart. First, the chart points to $0.338, where overhead liquidity appears. After that, $0.376 stands as the next upside target. 

2. Litecoin (LTC)

Litecoin is trading around $57.90 as bulls target the resistance near the $60k mark. LTC is up by 6% over the last 7 days following the broad market recovery. Its market cap and trading volume have climbed to $4.43 billion and $480 million, respectively.

LTC Price Chart: CoinMarketCap

A recent analysis for Litecoin indicates that it has recently bottomed out, suggesting a potential price reversal. The analyst has noted a support level on the weekly timeframe, which shows a strong base. This setup had been observed earlier, which led to a massive price rally.

The Relative Strength Index (RSI) indicator also confirms this imminent rally as it rebounds from the lowest point. This suggests bullish momentum is likely, with the target of above $100, making it one of the best altcoins to watch today.

3. XRP

XRP has been riding on a bullish wave recently, up by almost 9% on the weekly chart. This latest surge has helped erase some of the monthly decline, which stands at 4%. The price is currently trading at $1.52, with a market cap of $92 billion.

XRP Price Chart: CoinMarketCap

Looking at XRP’s daily chart, the price has formed a steady upward trend after bouncing from the support zone. The immediate resistance has been noted around the $1.66 mark. Should the current trend hold after breaking above this mark, the next target would be at the $1.95 region.

Best Altcoins to Watch Today, March 17 - Cardano, Litecoin, XRP
XRP Price Chart: TradingView

Meanwhile, technical indicators such as the RSI and MACD support this bullish outlook. The RSI is currently hovering around the neutral region, indicating that there is still a further upward journey before reaching the overbought zone. Moreover, the MACD line has shifted to the positive region, with green bars forming on the histogram, suggesting increased buying pressure.

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