Key Takeaways
- Avalanche (AVAX) is nearing the end of a five-wave downward movement.
- SUI returned to support after breaking out from a descending wedge pattern.
- Litecoin (LTC) trades at support, and technical indicators give positive signals.
May was a positive month for the cryptocurrency market, highlighted by Bitcoin (BTC) reaching a new all-time high price on May 22.
Furthermore, the dominance of altcoin increased slightly while Bitcoin’s dominance fell.
This occurrence has created a positive sentiment regarding the possibility of an altcoin season in the second half of 2025.
This article will analyze three altcoins with positive charts against Bitcoin and that can outperform it in June.
AVAX Price Reversal
Avalanche (AVAX) has been bleeding against Bitcoin for months, but the downtrend may be nearing exhaustion.
Since December 2024, AVAX/BTC has dropped more than 65%, marking one of its steepest corrections in recent years.
However, the pace of decline has slowed considerably since March. The pair has formed several higher lows during this period, hinting at a potential reversal.
AVAX appears to be completing a classic five-wave downward structure (marked in red), with the current leg likely being the fifth and final wave.
Notably, wave four formed a symmetrical triangle, a typical corrective pattern, strengthening the case for this Elliott Wave interpretation.
Given that wave three was an extended move, wave five is expected to be comparatively short, possibly mirroring the length of wave one.
If the count holds, a strong rebound could follow, with AVAX targeting at least 27,000 satoshis in the next leg up, and potentially higher.
Momentum indicators align with the bullish scenario. Both the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are flashing bullish divergences (orange), signaling a likely trend reversal.
The divergences will likely mark the bottom of the downward movement and start Avalanche’s bullish trend reversal.
SUI Price Bounces at Support
The SUI analysis shows the price has increased since breaking from a descending wedge in April.
SUI’s increase is a five-wave upward movement (green), culminating in a high of 4,095 satoshis on May 11.
While the SUI price fell afterward, it bounced at a confluence of supports near 3,200 satoshis.
This could indicate SUI’s correction is over, and a new upward movement is likely.
If that is the case, the SUI price could reach a high of 4,930 satoshis, giving both upward movements the same length.
Can Litecoin’s Price Bounce?
The final altcoin that can outperform Bitcoin is Litecoin. Its price movement is similar to AVAX in that it has trended downward since its ₿0.0015 high in March.
However, the LTC price has traded inside support since April, while its RSI and MACD have generated significant bullish divergences.
If Litecoin does not break below its ₿0.00087 support area, a significant increase toward the 0.382 Fibonacci retracement resistance at ₿0.0011 is likely.
Altcoins Outperform Bitcoin
AVAX, SUI, and LTC are three altcoins that could outperform Bitcoin in June.
While SUI has already started its bullish trend reversal, AVAX and LTC are close to the end of their corrections.
