With the resolution of the U.S. government shutdown potentially signaling a renewed wave of optimism for risk assets, the cryptocurrency market is showing signs of life. Technical analysis of several altcoins reveals promising setups that could signal further gains. Internet Computer (ICP) is consolidating after a major rally, Bittensor (TAO) has broken a key downtrend, and Litecoin (LTC) is demonstrating strong upward momentum.

Internet Computer (ICP)

Internet Computer’s price is currently cooling off after an impressive 240% rally that took it from a base of $2.80 to a peak of $9.50. This retracement appears to be a healthy consolidation, with ICP finding support above the 38.2% Fibonacci retracement level—a sign that buyers remain in control. The asset’s key resistance level to watch is the recent high of $9.50.

From a technical standpoint, the Exponential Moving Averages (EMAs) present a bullish picture. The 9-day, 21-day, and 55-day EMAs remain stacked in a positive alignment, with the shorter-term averages positioned above the longer-term ones. This structure suggests the overall trend is favorable for continued upside. A crossover of the 9-day EMA below the 21-day EMA would serve as an early warning of a potential deeper correction.

Bittensor (TAO)

Bittensor has broken out from its descending trendline after finding solid support at the $350 horizontal level. This key price floor has been consistently defended in recent trading sessions, indicating strong buyer interest. While the EMAs are still in a bearish order, an early sign of a potential reversal is emerging as the 9-day EMA approaches a crossover above the 21-day EMA.

A confirmed bullish EMA crossover could provide the momentum for a move toward $460, the upper boundary of its recent trading range. A successful break of this level would represent a 16% gain from its current price of $395. A more ambitious target would be a retest of the previous peak at $540, which would mark a potential upside of nearly 37%.

Litecoin (LTC)

Litecoin has seen a significant surge of almost 30% in less than a week, rebounding from key support near $80 to break through the previous resistance level around $103. The bullish momentum is confirmed by the Relative Strength Index (RSI), which sits at a strong 64 on the four-hour chart. The price is now approaching the mid-range resistance at $115.

Following the bounce from $80, the EMAs have shifted into a bullish alignment, confirming that short-to-medium-term momentum favors buyers. If LTC can successfully break the $115 barrier, it could open the door for a retest of higher resistance levels at $125 and potentially $136, representing gains of 15% and 25% from its current price, respectively.

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