Amidst a general stagnation in the crypto market, select altcoins like Litecoin, POL, and Conflux are showing signs of potential growth. This article examines key points and technical patterns of these tokens.
Litecoin (LTC): Potential for 25% Breakout
Litecoin has gained attention since July, with its price rising over 60% to exceed $120. Despite this increase, the price remains stuck, indicating a drop in selling pressure. It is expected that the LTC price will maintain a consistent upswing throughout the week, with a crucial resistance level around $140.
As shown in the chart, the 50-day and 200-day moving averages have undergone a bullish crossover, known as the Golden Cross. This has helped the token sustain around the upper resistance of the rising parallel channel. Historically, when such a crossover occurred, the LTC price maintained a strong uptrend, and if it repeats, a breakout above the pattern could lead to fresh yearly highs above $160.
POL (formerly MATIC): Entering a Bullish Range
The POL price appears to have reached the end of the consolidation observed since the beginning of Q2 2025. Although the token has not yet provided any bullish confirmation, it has been forming bullish structures that indicate potential validation in the coming days. Additionally, the increase in trading volume hints at rising volatility, which may offer a strong push.
Following the latest rebound, the POL price has entered a decisive phase where the 50-day and 200-day moving averages serve as key support and resistance levels. Despite a decline in volume, the market conditions still favor the bulls. The MACD is also poised to turn bullish.
Conflux (CFX): Prospects for August
Conflux saw a sharp price rise in July, increasing by over 100% in a single day. Although bears attempted to take profits, the strength of the bulls facilitated an immediate recovery above $0.2. Currently, the CFX price is trading within a bullish pattern. It will be interesting to see how the breakout unfolds.
The CFX price has been working hard to break above the multi-year descending parallel channel. Despite failed attempts in the past, the token has sustained around the resistance for a couple of weeks, hinting at an incoming breakout. Moreover, the price has turned bullish and is testing the upper resistance of the Gaussian channel.
In a climate of uncertainty in the crypto market, altcoins like Litecoin, POL, and Conflux exhibit potential for growth if key resistance levels are overcome. Investors remain attentive to possible trend changes.
