Litecoin (LTC), Fartcoin (FARTCOIN), and ai16z (AI16Z): 3 Altcoins That Are Trending and Garnering Attention

Three altcoins that stood out for unique reasons in the past 24 hours are Litecoin (LTC), FARTCOIN (FARTCOIN) and ai16z (AI16Z).

While the broader crypto market experienced a bullish sentiment on Monday, with many altcoins surging and capturing investors’ interest, a select few tokens stood out for unique reasons beyond just price gains.

BeInCrypto has identified and analyzed three altcoins that have been trending and garnered attention in the past 24 hours.

Litecoin (LTC)

LTC price surged by 19% following the news that the Nasdaq officially filed with the SEC to list Canary Capital’s spot Litecoin ETF. This development brought increased attention to the legacy cryptocurrency.

At the time of writing, Litecoin trades at $139. This rally comes after LTC breached the critical $136 barrier. The next target for Litecoin is flipping $147 into a support level, which could pave the way for a rise to $150 and beyond.

However, investors should note that profit-taking by traders could trigger a decline. If Litecoin loses its newfound momentum, the altcoin might fall back below $136 and test the support level of $117. Such a drop would invalidate the bullish outlook and erase recent gains.

Fartcoin (FARTCOIN)

FARTCOIN gained attention today for its significant rally. The meme coin’s intra-day high brought it close to its all-time high of $1.61, although it fell short of breaching or testing this level. This surge highlights its potential for further gains if momentum holds steady.

With a 21% rise during the day, FARTCOIN has since retraced to $1.40. However, the altcoin still has the potential to surpass its previous peak. If the bullish momentum persists, FARTCOIN could breach its ATH and aim for a new high at $1.80, capturing investor interest.

On the downside, a reversal in market sentiment could lead to a decline. Should FARTCOIN lose support, it risks dropping to $0.98. Such a fall would invalidate the bullish outlook and result in notable losses for its holders.

ai16z (AI16Z)

AI16Z has been drawing investor attention, not for bullish developments but for its recent bearish performance. While the broader crypto market rallied, AI16Z’s price experienced a sharp correction, losing momentum in contrast to market trends.

The altcoin faced rejection at the $1.58 resistance level, leading to an 18.49% decline over the past 24 hours. If this downward trajectory continues, AI16Z risks falling below its crucial support level of $1.19, which could potentially trigger a deeper crash toward $0.08, raising concerns among investors.

However, a rebound from the $1.19 support could signal recovery for AI16Z. In such a scenario, the altcoin may regain upward momentum, targeting $1.58. Successfully breaching this resistance would invalidate the bearish outlook and restore investor confidence.