Several major altcoins have outperformed Bitcoin in January 2022. However, with the reward halving simply over iii months away, Bitcoin might play catch up. During the previous two halvings, Bitcoin rallied but before and later the outcome. Weiss Ratings believes that history will repeat itself in the upcoming halving and the just question is how high can the rally extend.

Bitcoin's current technical fix has a variety of social media personalities feeling bullish about the digital asset's time to come price activeness. In a contempo market discussion with Cointelegraph, popular YouTubers The Moon (Carl Runefelt) and DataDash (Nicholas Merten) said that Bitcoin has already entered a bull market when viewed from a longer-term time frame. However, Merten said that a parabolic motility is unlikely to first until Bitcoin rises in a higher place $20,000.

Crypto market data weekly view

Crypto market place information weekly view. Source: Coin360

LVC Corporation, the crypto subsidiary of Line, plans to launch trading of its LINK digital currency in Japan from April of this twelvemonth. Although LINK started trading on Line's international BITBOX cryptocurrency exchange in mid-October 2022, LVC had to wait for the Japan launch due to the strict national cryptocurrency regulations in the country.

In other news, Twitter has added the Bitcoin emoji, which volition show up if the user writes Bitcoin or the BTC hashtag. This new addition was the effect of Twitter co-founder and CEO Jack Dorsey suggesting that Unicode, the consortium managing the character standard, include the symbol in its text encoding standard.

Then far the top crypto performers of this week have all risen more than 25%, which shows that they are backed by momentum but for long can bulls keep it up? Let'south clarify the charts to see what next week has in store for investors.

ETC/USD

Ethereum Classic (ETC) is the top performer with a stellar run of about 32% in the past seven days. The network hashrate of ETC striking a new lifetime high recently and has been able to sustain it, which is a positive sign.

ETC USD daily chart

ETC USD daily chart. Source: Tradingview

The bulls struggled to push the price above the overhead resistance at $10 for the past two weeks. Still, the positive thing was that they did not requite up much ground, which showed that the bulls were confident of a further rise.

This week, the ETC/USD pair resumed its rally and broke higher up $10. The precipitous up movement carried the price to an intra-calendar week loftier of $12.87278, which is just below the overhead resistance at $14.

The break above $ten has a target objective of $16.60. Though at that place is a minor resistance at $fourteen, we look it to be crossed. If the momentum is strong, the rally tin can extend to $nineteen. However, every bit RSI is in the overbought zone, the pair might consolidate or enter a small correction before breaking above $14.

Our bullish view will exist invalidated if the bears sink the price back below the support at $10. Such a motility volition signal a lack of buyers at higher levels.

LTC/USD

Litecoin (LTC) has seen a precipitous rally of virtually 31% in the past seven days. This motion culminated a strong calendar month for the altcoin where it surged most 65% from the lows. This rally has stoked interest among the market participants considering, in 2022, LTC had risen almost 350% from January to June.

LTC USD weekly chart

LTC USD weekly chart. Source: Tradingview

The LTC/USD pair will complete a rounding lesser germination if information technology closes (UTC time) above $66.1486 on the weekly candlestick. This pattern has a target objective of $96.439.

However, it is unlikely to be a directly dash towards the target level. The bears are likely to defend the zone between the 50-week SMA at $73 and $80.2731. If the price turns downward from this resistance zone, a retest of the breakout level at $66.1486 is possible.

If the retest is successful, it might offer a low-adventure ownership opportunity to the traders. Our bullish view will exist invalidated if the bears sink and sustain the cost below $66.2486. Such a move will indicate that the electric current breakout is a bull trap.

ADA/USD

Cardano (ADA), with a rally of well-nigh 31% is the third-best performer. During the calendar week Cardano co-founder and CEO of IOHK Charles Hoskinson announced a partnership with PriceWaterhouseCoopers (PwC) to build a new commercial strategy. This news was cheered by the market participants and the toll of ADA surged.

In an interview with Cointelegraph, Hoskinson claimed that once all the upgrades of the protocol are implemented, Cardano would get the most decentralized cryptocurrency in the globe.

ADA USD daily chart

ADA USD daily chart. Source: Tradingview

The sharp up move this calendar week carried the ADA/USD pair above the overhead resistance level at $0.0461161 and $0.0560221. In that location is a minor resistance at $0.065229 above which, the rally is likely to selection up steam and move towards its medium-term target zone of $0.10 to $0.10652.

The pair has closed in the greenish for the by five weeks. This shows that bulls are in command. However, the sharp rise in the short-term indicates that the price might have sew likewise far as well soon. Therefore, we anticipate the pair to face up stiff resistance in the $0.0560221 to $0.065229 zone.

The price might dip to the breakout level of $0.0461161, which might offer a low-chance ownership opportunity. Our bullish view volition be invalidated if the price breaks downward and sustains beneath $0.0461161. Even so, we give this a low probability of occurring.

MIOTA/USD

IOTA (MIOTA) rallied by about 29% in the past seven days to take upwards the fourth spot amongst meridian performers. Bittrex Global added support to the IOTA token this calendar week.

MIOTA USD daily chart

MIOTA USD daily chart. Source: Tradingview

The rally this calendar week has pushed the IOTA/USD pair in a higher place the 50-calendar week SMA at $0.288. There is a pocket-sized resistance at $0.334574 above which, the rally tin can extend to $0.385033. Nosotros conceptualize the bears to aggressively defend this level.

If the price turns downwardly from $0.385033, the pair might remain range-spring for a few weeks. Even so, if the momentum carries the price above $0.385033, the side by side level to watch out for is $0.541.

Our bullish view will be invalidated if the cost turns downwards from the current levels or the overhead resistance and plummets beneath $0.244553. However, we requite this a depression probability of occurring.

ZEC/USD

Zcash (ZEC) rallied roughly 26% this week to make the list in fifth place. The Zcash community has approved Zcash mining reward changes that volition take consequence in November of this year during the coin's halving.

ZEC USD daily chart

ZEC USD daily chart. Source: Tradingview

The ZEC/USD pair has been rising for the past four weeks. Though bears attempted to stall the relief rally at the fifty-week SMA, the momentum this week has pushed the toll above information technology.

At that place is a minor resistance at $66.1326. If the bulls tin can sustain above it, nosotros practise not find any significant resistance until the pair reaches the $125.3636 to 139.66 resistance zone.

However, if the bulls neglect to sustain the price to a higher place $66.1326, the pair might again dip to $45.67, which is likely to human activity as a stiff back up. If the price bounces off this support, the bulls will attempt to resume the up move. Our bullish view will exist invalidated if the bears sink the price beneath $45.67.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves gamble, you should behave your ain research when making a decision.

The market place data is provided by the HitBTC commutation.