Bitcoin has been in an uptrend for a few weeks. As soon as BTC took a break from its upwards momentum, we saw the major altcoins make massive gains. XRP gained more than 200%. XLM doubled in price. BCH, ETH, NEO, and LTC were also the top gainers this week.
Historically, it has been observed that privacy coins start making larger gains after the major altcoins have pulled green candles. Let us see if this repeats again. We will review XMR, XZC, and ZEC price action.
ZEC/USD – Price Prediction
ZEC is approaching the resistance level of $84.79. It is most likely going to break this resistance and jump towards the major resistance of $89.49. If it can break this resistance, we can see ZEC price making a move towards $97.53. Failure to break the resistance can lead to a drop in ZEC price towards $75.79 and $70.58.
XMR/USD – Price Prediction
If XMR can break the resistance at $131.95, we can see a further move towards $140 and $150.
Failure to hold the current level at $131.95 could lead to a drop in XMR price towards $120 and $110.
XZC/USD – Price Prediction
XZC is more likely to make a move towards $4.98 into the first resistance. Once it breaks this resistance, we can see a further move towards $5.51 and $6.05. Failure to hold the support at $4.29 can lead to a XZC price drop towards $3.46 and $2.98
Images courtesy of TradingView.
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