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Cryptocurrency News Articles
3 Altcoins with Bullish Formations Against Bitcoin (BTC) That Can Lead to Outperformance in March
Mar 01, 2025 at 10:01 pm
February was a bearish month for the cryptocurrency market. It had two massive liquidation events, on Feb. 3 and Feb. 24, respectively.
February was a bearish month for the cryptocurrency market. It had two massive liquidation events, on Feb. 3 and Feb. 24, respectively.
Bitcoin (BTC) broke down from its long-term range, and altcoins fared even worse, as evidenced by the decline in the Bitcoin Dominance Rate (BTCD).
Nevertheless, some altcoins have maintained a positive trend against Bitcoin. Below, we will analyze three altcoins with bullish formations against BTC that can lead to outperformance in March.
BNB Creates Double Bottom Pattern
The Binance Coin (BNB) price broke out from a long-term descending resistance trend line in December 2023. The breakout culminated with a high of 0.0101 BTC in February 2024.
However, the price has fallen in the seven months since the high, reaching a low of 0.0055 BTC in February 2025.
The BNB price bounced (green icon) the same week, reclaiming the 0.0065 BTC horizontal support area and invalidating the previous breakdown.
Furthermore, the BNB price has created a double-bottom pattern inside this support zone, which is combined with a bullish divergence (orange) in the Relative Strength Index (RSI).
A bullish divergence in the weekly time frame is rare and often leads to bullish trend reversals.
A breakout from the descending resistance trend line will confirm the double-bottom pattern. If that happens, the BNB price could retest the 0.0095 BTC range high and possibly break out.
The wave count aligns with this reading, suggesting an A-B-C structure (green). Placing the same length for wave C and A leads to a high of 0.0110 BTC.
LTC Price May Soar 61% Vs Bitcoin
The weekly time frame Litecoin (LTC) /BTC chart shows that the price has been trading in a descending resistance trend line since November 2022. The decrease resulted in a low of 0.000818 BTC in November 2024.
The Litecoin price broke out after 721 days in an upward movement catalyzed by long-term bullish divergences in the RSI and MACD.
Despite the breakout, the Litecoin price has not appreciated considerably, encountering resistance at the 0.00145 BTC range high.
So far, LTC has made two unsuccessful breakout attempts (red icons), and it is in the process of making the third one.
If Litecoin closes above this resistance, it could increase by 61%, reaching the next resistance at 0.0023 BTC.
Maker Shows Breakout From Resistance Trendline
The final altcoin that can outperform Bitcoin is Maker (MKR). The MKR price broke out from a descending resistance trend line in February 2025. This trend line had existed for nearly a year before the breakout.
Similarly to BNB and LTC, a bullish divergence in the RSI and MACD preceded the breakout, legitimizing it and indicating that the increase will continue.
After the divergences, the RSI increased above 50, while the MACD made a bullish cross, which are both good signs for the future trend.
However, the MKR price must still clear the 0.0165 BTC horizontal resistance zone to confirm the bullish trend reversal.
If it does, the MKR price could increase another 62% and reach the 0.032 BTC resistance area.
Final Thoughts
BNB, LTC, and MKR are three altcoins with bullish formations that can outperform Bitcoin in March.
BNB has the most positive outlook since it has already started to reclaim its main resistance area, while LTC and MKR still need to breakout above their respective resistances.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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