With bullish breakouts becoming more frequent in recent months, the crypto bull market can only grow stronger with every passing day. Despite the fact that there have been some pullbacks, a set of altcoins have shown promise and one of them may even be the best cryptocurrency to invest in 2019.
This isn’t just about Bitcoin alone. Rather, it also relates to the disbelief rally that the leading asset class may be on its final lap. According to research based on market trends and price actions, it was discovered that three cryptos standout from the rest.
They include Tron, Stellar and Ethereum Classic. These coins give users to opportunity to use some of the best models that can generate huge gains within a short period.
Stellar (XLM) Price Today – XLM / USD
Tron Price Prediction: Tron is Strong Enough From a Macro Perspective
TRON’s recent mighty rally in the last few weeks officially ended the coin’s 12-month extended downtrend. The crypto demolished the $0.028 resistance last month. This incident triggered TRON’s breakout from an inverse head-and-shoulders trendline via the weekly chart of the TRX/USD pair. The structure has had an impressive success rate. Hence, most inverse head-and-shoulders trendline’s result in massive reversals.
Currently, Tron is looking like the best cryptocurrency to invest in 2019, although the breakout rally may be fading. This makes sense because the weekly RSI is approaching overbought conditions. If you’re interested in launching a fresh long, then you should wait for the crypto to retest the $0.028 support. If this position is held by the bulls, TRON will set its sights at $0.050.
At $0.050, the $0.070 price position becomes an easy target for the cryptocurrency making Tron one of the best cryptocurrency to invest in 2019.
Stellar Price Prediction 2019: Stellar is Closely Trailing Tron
Following TRON closely is Stellar. The Stellar protocol is painting a huge inverse head-and-shoulders trendline on the daily chart. Although it hasn’t broken out of this pattern, it is now threatening to break the trend.
Look out for any breach over the $0.1367 resistance position. This is expected to happen in coming days as the volume of the coin starts to build up. Any move above this point will catapult the price of Stellar Lumens to $0.20 which is a heavy resistance. At this position, stellar will probably consolidate for a short time before taking out $0.20. Hence, we can agree that it’s possible for the crypto to target $0.25 by year-end.
Ethereum Classic Price Prediction: Ethereum Classic is Poised For A Fresh Rally
Another cryptocurrency to invest in 2019 is Ethereum Classic. Ethereum Classic may have been in a downtrend for nearly a year and a half now, but the future has some positives. The bear winter took the market from $47.296 in January of last year to $3.213 in December last year. That’s a plummet of 93% in only twelve months.
But no more, now the bulls have come through. They are now ready to take control and redeem ETC.
The bulls closed May 2019 above $8.75 which is a resistance level. This move was crucial as that position was the key to breaking upwards in the longer timeframe.
If Ethereum Classic trades above this price position, $14 is the logical target. We expect the bulls to fight and protect $14. Any breach above $14 will likely take the price of Ethereum Classic to $21 which remain the target for the coin by year end.
Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.