Loopring (LRC) is up almost 400% – Altcoins with the best performing in November 2021

In this article, Bitcoin Magazine takes a look at the seven altcoins with the greatest increases in November 2021.

These altcoins are:

1. Loopring (LRC): 375%
2. The sandbox (SAND): 340%
3. Coconut – BCX (COCOS): 330%
4. Keep3rV1 (KP3R): 200%
5. Chromia (CHR): 118%
6. Decentralized land (MANA): 60%
7. Basic attention token (BAT): 50%

LRC

LRC has been rising rapidly since October 28th. This resulted in an all-time high of $ 3.85 on November 10th. It rose 920% in 13 days.

However, LRC consolidated towards the end of the month and traded in a symmetrical triangle. Such triangles are often thought of as neutral patterns.

Currently, LRC is trading right on the support line of this pattern, which also coincides with the horizontal support area of ​​$ 2.75. A break below this level can cause the price to drop to $ 2.12 or even $ 1.71. The latter is both a horizontal level of support and a Fib level of support.

Conversely, a breakout could push the price to a new all-time high.

LRC / USDT 12 hour chart | Source: TradingView

SAND

SAND has been rising rapidly since November 10th, creating a new all-time high of $ 8.84 (red symbol) on November 25th. , normally acts as a top when moving upwards.

However, prices have fallen since then. On November 29th, it made a lower top (red symbol). This is a sign of weakness as the previous high was not hit.

If the decline is to continue, the zones most likely to offer support are at $ 5.27 and $ 4.51, respectively. The latter zone is a stronger support as it coincides with the 0.618 Fib retracement support and the descending parallel channel support.

SAND / USDT 12 hour chart | Source: TradingView

COCOS

The COCOS price soared on November 19, rising 816% in just two days. This resulted in a new all-time high of $ 6.50 on November 20th.

However, on the same day it fell off sharply again, creating a long upper wick of 35% strength.

The price has since fallen and is approaching the $ 2.92 support area, which is also in line with the Fib retracement support at 0.618.

Despite the lack of reverse signs in the technical indicators, this will be the right level for a rebound.

COCOS / USDT 12 hour chart | Source: TradingView

KP3R

KP3R soared on November 6th, rising to a new all-time high of $ 2,066 on November 13th. This corresponds to an increase of 553% over six days.

The price has since fallen and is approaching the 0.618 Fib retracement support level – a Fib level that usually helps price bounce back after a sharp drop.

The next support is at $ 988.

KP3R / USDT 12 hour chart | Source: TradingView

CHR

The CHR has fallen since November 20, after hitting an all-time high of $ 1.50. The downward movement so far has led to $ 0.87 in November.

While the CHR initially recovered (green symbol), it has since been back at lows.

The main support area is between $ 0.72 and $ 0.87. This area is the 0.5-0.618 fib retracement support area. Looks like CHR is recovering from this zone.

CHR / USDT 12 hour chart | Source: TradingView

MANA

MANA hit a new all-time high of $ 5.90 on November 25th. However, it has steadily declined since then and hit an ascending support line that has been in place since Nov 10th.

It is currently in the process of decay. If so, the price may fall to the horizontal support at $ 3.70.

6-hour MANA / USDT chart | Source: TradingView

BAT

On November 26th, BAT broke the descending resistance line and hit a new all-time high of $ 1.93 two days later.

It has been down since then, but the price bounced back from the $ 1.50 horizontal support area that coincides with the previous descending resistance line.

It is likely that the decline was part of the fourth wave of a bullish impulse. So another rally could follow and bring BAT to the new ATH.

Daily BAT / USDT chart | Source: TradingView

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