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Top Altcoins to Watch Today, March 24 - Ethereum, Litecoin, Bittensor

Highlights:

  • Ethereum is exhibiting a recovery trend as the MVRV indicates undervaluation below 0.8.
  • Litecoin’s price may shift upward as RSI indicates recovery from oversold conditions.
  • Bittensor’s ongoing bullish trend could drive the price up to $365 if the trend holds.

The crypto market is up today following the recent remarks from US President Donald Trump that he would halt Iran’s power plants and infrastructure for five days. Cryptocurrency prices have been on a rollercoaster ride, with volatility sending them up and down since the start of the war three weeks ago. 

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Both the market capitalization and trading volume have surged to $2.41 trillion and $123 billion, respectively. Despite this latest rebound, the fear and greed index reads 32 levels, suggesting that the market sentiment remains in the fear zone. Amidst this market recovery, let’s take a look at the top altcoins to watch today, such as Ethereum, Litecoin, and Bittensor.

Top Altcoins to Watch Today

1. Ethereum (ETH)

Ethereum is up by more than 4.80% over the last 24 hours following the broad market recovery. This latest rally follows the setback on the weekly chart, during which the altcoin declined by 7%. The price is currently hovering around $2,154, with a trading volume of $28 billion.

ETH Price Chart: CoinMarketCap

Crypto analyst Ali Martinez has noted that Ethereum’s MVRV chart displays a potential ETH rebound from $1,800. The ratio dropped below 0.8, a level the chart marks as undervalued. Previous dips into that zone appeared before major Ethereum uptrends in market cycles, making the latest reset support the rebound.

According to the chart analysis, earlier advances of 129%, 250%, and 281% occurred after similar signals. An earlier cycle on the same chart also displayed a 5,387% price rally. With the MVRV sitting in this breakout zone, ETH is currently emerging as one of the top altcoins to watch today.

2. Litecoin (LTC)

Litecoin is exchanging hands at around $55.87, up by 3.80% on the daily chart. LTC has been trading in a tight range between $50 and $58 on the monthly chart. LTC’s trading volume has surged by more than 27%, pushing the value to $345 million.

LTC Price Chart: CoinMarketCap

Litecoin’s weekly chart shows price moving inside a descending channel after several rebounds failed at progressively lower highs. The altcoin has formed three clear rejection zones near the channel ceiling, keeping downside pressure intact for months.

Top Altcoins to Watch Today, March 24 - Ethereum, Litecoin, Bittensor
LTC Price Chart: TradingView

This downtrend could be on the verge of shifting upwards as the weekly RSI shows recovery signs. The RSI sits near oversold levels and has started curling upward from recent lows. This move suggests momentum may be stabilizing as price trades close to lower channel support. Meanwhile, the MACD line is forming a crossover above the signal line, indicating that the market is shifting from the prolonged downtrend.

3. Bittensor (TAO)

Bittensor has been performing well recently, surging by 75% over the last 30 days despite ongoing volatility in the market. Over the last 24 hours, TAO is up by over 18%, pushing the price to a year-to-date high of $318. Moreover, its trading volume has exploded by 110% to $710 million.

TAO Price Chart: CoinMarketCap

On the daily chart, Bittensor price has been pressing against a clear resistance zone near $302, with candles forming tighter lower highs beneath this zone. Moreover, buyers kept defending higher lows after each pullback. The pattern suggests building pressure, not a sharp rejection, as TAO kept revisiting this same barrier.

Currently, the price has successfully bounced from this rejection zone as the bullish momentum builds. Should this momentum hold further, TAO could surge to highs near the $365 mark. However, a shift in market dynamics would see the price retrace the $302 zone and correct further downwards.

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