The post Altcoins Continue Their Upward Momentum After A Small Retracement appeared on BitcoinEthereumNews.com.

Dec 03, 2023 at 11:02 // Price Cryptocurrencies have skyrocketed as they approach the overbought zone. At the time of writing, USTC, LUNC, IOTA, ROSE and INJ are rallying while others are pulling back to regain their upward momentum. TerraClassicUSD TerraClassicUSD (USTC), which is rising above the $0.013 support level, is in an uptrend. The price of the cryptocurrency was hovering between $0.011 and $0.019 before its rise. To reach its high of $0.078, the crypto price broke through the $0.019 resistance. The altcoin pulled back after testing the $0.080 resistance zone. The current exchange rate for USTC/USD is $0.053. The altcoin is expected to rise to its previous high of $0.080. Currently, the altcoin is approaching the overbought zone of the market.  The best performing cryptocurrency is called USTC and has the following characteristics:  Current price: $0.05425 Market capitalization: $532,670,639 Trading volume: $377,782,746 7–day gain: 295.12% Terra Classic Terra Classic (LUNC) is gaining popularity. The price of the cryptocurrency is forming a series of higher highs and higher lows. The bullish momentum has reached a high of $0.00012719 at the time of writing. The altcoin is now trading below the $0.00012000 mark. The price indicator predicts that the altcoin will rally to previous highs. A retraced candlestick body tested the 38.2% Fibonacci retracement level on the upswing on November 10. The retracement predicts that LUNC will rise to the Fibonacci extension of $2.618 or $0.0001676.  Below are the benefits of LUNC, the second best performing cryptocurrency: Current price: $0.3468 Market capitalization: $1,862,276,402 Trading volume: $421,448,376  7–day gain: 36.77% IOTA IOTA (IOTA) is on the retreat again after a recent rise. The cryptocurrency reached a high of $0.28 on November 29 before falling back. At the time of writing, IOTA is trading at $0.22. The current rise will begin again…

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Filed under: News - @ December 3, 2023 2:12 pm