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Home Articles Crypto Price Analysis–Toncoin (TON), Litecoin (LTC), Avalanche (AVAX)

Crypto Price Analysis–Toncoin (TON), Litecoin (LTC), Avalanche (AVAX)

Ola Amujo
Ola Amujo
Ola Amujo
Author:
Ola Amujo
Ola is a content writer and editor specializing in crypto and blockchain. With years of experience writing engaging blogs and news content, he has helped readers understand complex concepts, discover new opportunities, and stay ahead of emerging trends.
February 2nd, 2025

As macroeconomic forecasts and regulatory news hit the crypto market, altcoins have shown significant volatility in the past few days. However, we will focus on the market performances of Toncoin (TON), Litecoin (LTC), and Avalanche (AVAX).

Toncoin (TON) Price Analysis  

Ton has been under considerable selling pressure. It is currently trading at $4.86, down 1.40% in the last 24 hours and 4.10% in the previous week.

Although it has found some support around the $4.70 level, it has struggled to surpass the $5.00 resistance, raising concerns about its short-term outlook.

TONCOIN (TON) 1D 01.02.2025 Prediction

The bullish scenario for TON is a breakout from the bearish trendline and an upward cross of the 9 and 18 simple moving average (SMA), which could trigger a bullish push towards the $6.00 level.

If the bearish confluences continue to align and the price breaks below the support line at $4.60, we could see a potential drop to the next support at $3.40

TONCOIN (TON) 1D 01.02.2025

Litecoin (LTC) Price Analysis 

The Litecoin ecosystem has noticed a surge in the last two days, with updates regarding the approval of Canary Capital’s LTC ETF application from United States Securities and Exchange Commission (SEC).

Litecoin holders are optimistic as this recognition is unraveling in the market.

For this technical analysis, we evaluate the trading range with a low of $106.17 and a high of $133.59. A Fibonacci retracement to the 0.786 level within this range, which aligns with a key support level, could provide the confluence needed to signal immediate bullish momentum.

LITECOIN (LTC) 4h 01.02.2025

The 8 and 18 moving averages have also shown a bullish crossover on the daily timeframe, indicating an uptrend to the $147.34 price level.

LITECOIN (LTC) 1D 01.02.2025

If LTC maintains its bullish trend, it will extend the rally by 14% from its current level to retest its December 5 high of $147.34.

Avalanche (AVAX) Price Analysis

AVAX recently recorded a blistering daily minting of about 2000 Bitcoins(BTC), bringing significant activities in its DeFi ecosystem. This cross-chain bridge has helped BTC holders to deploy their assets within Avalanche’s applications.

Despite this feat, AVAX continues to show more bearish momentum. It maintains its steady decline on a descending trendline drawn from the $55.41 high created on December 12, 2024.

A support level of $30.74 is currently in sight, and traders hope to see an upward recovery from this zone.

AVALANCHE (AVAX) 1D 01.02.2025

READ MORE: 3 Best XRP Rivals to Buy for 3x Gains in February

Contributors

Ola Amujo
Ola is a content writer and editor specializing in crypto and blockchain. With years of experience writing engaging blogs and news content, he has helped readers understand complex concepts, discover new opportunities, and stay ahead of emerging trends.