Now that Bitcoin traders are pleased to see their favorite token holding a support level above $50K, the cryptocurrency market has entered an interesting stage of positive sentiment. Market analysts believe that we are in good position to see more adventurous traders setting their sights on altcoins. Based on this observation, here are a few tokens to keep an eye on after the Labor Day holiday in the United States:

Litecoin

Price action in Litecoin (LTC) suggests that it will bounce off the 50-day simple moving average (SMA) and enter a range. If the bulls successfully push LTC prices above the resistance level of $234.20, the digital currency could extend the current trading range. The bulls will try to push Litecoin (LTC) above the resistance at $234.20, if they succeed, it will complete a bottom pattern that may start a new rally period, but it should not last very long. There are no fundamental developments in the horizon for Litecoin, a digital currency that has largely stalled.

Filecoin

This file sharing token is developing a strong support area close to $100. The market seems to be correcting its recent losses after a couple of minor support areas were found. This suggests that the market’s price action is heading back towards the support area at $90. The market is now consolidating within this support area. The next major resistance area should be found at $98 as it will break above it. But, this will also complete a rounding bottom pattern, indicating a potential retest of the $78.50 support area.

IOTA

It took just three days for IOTA to appreciate by more than 100% in early September. The market has since resumed its downward trend with bears emerging out of the shadows. The announcement of an apparent attack on the IOTA network from the Tron (TRX) side chain was just a rumor. Any price declines will trigger short covering positions and may be seen as evidence that long positions may have been built at these levels. If so, a pullback below $0.96 should result in further sell pressure and a further decline to $0.72, which is the 20-day EMA.