The crypto space has been displaying diverse trends for the past few weeks as the altcoins have been showing less dependency on the star crypto, Bitcoin. The majority of the altcoins, like Ethereum, XRP, Litecoin, etc., and many more, have been displaying immense strength that may raise the levels beyond the major resistance.
Altcoins like Litecoin have displayed acute bullish momentum with the hype surrounding the halving event and the newly launched LRC-20 standard. Besides, the XRP price is growing stronger, as the chances of a positive outcome in the Ripple vs SEC case are expected to be on the horizon. However, Ethereum is largely considered to be the most consistent crypto, which carries huge bullish momentum.
Therefore, the market sentiments and the conditions appear to be in favor of the altcoins, which may trigger a huge altseason in June or July.
The analyst, Captain Faibik, explains the conditions that may trigger an altseason. He says that if the BTC price continues to hover within the $26,000 to $30,000 range and the dominance fails to surpass the crucial 48% resistance level, then the altcoins may begin to fly, triggering a strong altseason.
A popular analyst, Michael van de Poppe, also believes that it is a good time to accumulate them.
“For altcoins, the time to accumulate then has come.
One year before the halving, time to buy those positions.
Reached an important level here, which is also approx. 1 year before the halving.
Which one are you accumulating,”