Top 3 Altcoins Set to Surge Following the End of the U.S. Government Shutdown

The recent advancement of a bipartisan funding bill by the U.S. Senate may pave the way for the conclusion of the ongoing government shutdown. This development could foster renewed optimism in risk assets such as cryptocurrency, potentially resulting in significant gains for some altcoins. Below are three altcoins that may be positioned for impressive surges in the near future.

Key Takeaways

The U.S. Senate's bipartisan funding bill could indicate an end to the government shutdown, creating a positive environment for altcoins.
Internet Computer (ICP) has seen a significant retracement but remains in a bullish trend.
Bittensor (TAO) shows signs of a potential bullish reversal after breaking a descending trendline.
Litecoin (LTC) has recently broken key resistance and is poised for further gains.

altcoins

Internet Computer (ICP)

Internet Computer

After a substantial rally of approximately 240%, pushing the price of Internet Computer (ICP) up from $2.80 to a peak of $9.50, the price is now stabilizing. The current retreat appears healthy, with ICP maintaining its position above the 0.382 Fibonacci level, indicating that buyers are still in control.

Analyzing the moving averages, the Exponential Moving Averages (EMAs) of 9 (cyan), 21 (yellow), and 55 (green) remain in a strong bullish configuration. As long as this alignment continues (9 > 21 > 55), the overall trend favors buyers. A crossover of the EMA 9 below EMA 21 would serve as an early warning for a potential deeper pullback.

ICP 4H chart | TradingView

Bittensor (TAO)

Bittensor (TAO) recently broke free from its downward trend after bouncing back from the critical horizontal support level at $350. This support level has been firmly upheld by bullish momentum in recent trading sessions.

Although the 9, 21, and 55 EMAs are currently aligned in a bearish order, the EMA 9 (cyan) is close to crossing above the EMA 21 (yellow), indicating the possibility of an impending bullish reversal while TAO approaches the 55 EMA (green). Confirmation of this crossover would bolster the bullish sentiment and could lead to a climb toward $460, the upper limit of the $350–$460 range where a past fakeout occurred. Achieving this target represents a notable 16% gain from the current price of $395, and revisiting the earlier peak at $540 could signify a nearly 37% upside.

TAO price 4H | TradingView

Litecoin (LTC)

Litecoin (LTC) has successfully surpassed previous resistance at around $103 after a remarkable rebound from the significant support level near $80, resulting in a rise of nearly 30% within just one week. With robust bullish momentum displayed by an RSI of 64 on the 4-hour chart, LTC is approaching mid-range resistance at $115, sitting only 7% away from this critical barrier.

The EMAs of 9, 21, and 55 have aligned bullishly following the rebound from $80, confirming a shift in momentum favoring buyers in both the short- and medium-term. If LTC manages to break through the mid-range resistance, it could set the stage for a potential retest of $125, and subsequently $136, indicating gains of 15% and 25% from the current price, respectively.

LTC price 4H chart | TradingView

In conclusion, the anticipated end of the U.S. government shutdown may trigger a rally in risk assets, including cryptocurrencies. Keeping an eye on these three altcoins—ICP, TAO, and LTC—could prove beneficial for those looking to capitalize on the possible market upturn.