The cryptocurrency market continues to do well in the last few days of trading in August 2021, Bitcoin has stabilized above the USD 48,000 support, and this situation also supports the price of Solana SOL / USD, Cosmos ATOM / USD and Litecoin LTC / USD. The cryptocurrency market continues to attract large investors, and according to the latest news, Coinbase is set to invest $ 500 million in Bitcoin, Ethereum, and other crypto assets.

Morgan Stanley also recently announced that its mutual funds have purchased more than 6.5 million shares of the Grayscale Bitcoin Trust (GBTC), while more positive news is that Allied Market Research reported that the global cryptocurrency market would see 4.94 billion by 2030 US dollars.

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Florian Grummes, managing director of investment advisory firm Midas Touch Consulting, said he expected the price of Bitcoin to soar to $ 100,000 in the near future. Solana, Cosmos (ATOM) and Litecoin could be some of the best in September if this positive trend continues.

“The recent fluctuations in the cryptocurrency are a sign that bitcoin miners are back in business after a recent Chinese crackdown. At the same time, there is ongoing evidence of wider adoption and companies should consider adding Bitcoin to their balance sheets, ”said superstar investment manager Cathie. Wood.

Solana (SOL) could break above the $ 100 resistance if the positive trend persists

Solana has had one of the best results this August and there are no signs of a positive turnaround for the time being. Solana could move further into the sustained bull, and if price jumps above the $ 100 resistance, the next price target could be around $ 110 or even higher.

Data source: tradingview.com

Conversely, if the price falls below $ 80 this would be a firm “sell” signal and we have our way to the support level of $ 60.

Cosmos (ATOM) could stabilize above the $ 30 resistance again

The price of Cosmos (ATOM) has increased from $ 12.6 to $ 24 since early August 2021, and the current price is around $ 21.

Data source: tradingview.com

If the price rises above $ 26, this would be a signal to start trading in ATOM, and the next price target could be around $ 30. Conversely, if the price falls below the support of $ 18, this would be a strong sell signal that we have the way towards $ 16 or even $ 15 open.

Litecoin (LTC) continues to trade above $ 170

The price of Litecoin has increased from $ 144 to $ 190 since early August 2021, and the current price is around $ 174.

Data source: tradingview.com

If the price rises above $ 190 again, this would be a signal to trade Litecoin, and the next price target could be around $ 200 sell signal.

summary

August has been a very positive month for the crypto market so far, Bitcoin has stabilized above the USD 48,000 support and this situation also supports the price of Solana (SOL), Cosmos (ATOM) and Litecoin (LTC). The cryptocurrency market continues to attract large investors, and according to the latest news, Coinbase is set to invest $ 500 million in Bitcoin, Ethereum, and other crypto assets.

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