Ethereum, XRP and Litecoin are on the verge of a major trend change

Despite the bullish sentiment seen across the entire market, Ethereum, XRP and Litecoin have yet to close above resistance in order to validate the continuation of their uptrend.

Ethereum skyrocketed over 32 percent, but its price has not been able to close above the $198 resistance level.

If ETH is able to trade above this major resistance cluster, its price could rise over 40 percent to test the 200-three-day moving average that sits around $280. When measuring the Fibonacci retracement indicator from the high of $363 on June 26 to the low of $153 on Sept. 25, it looks like the potential upswing could be interrupted by a series of resistance levels.

If Ethereum breaks below $153 instead, it could plunge to the next support level around the 113 percent Fibonacci retracement level, $126.XRP. Like Ethereum, XRP spiked up more than 12 percent to reach a high of $0.315.

A spike in the selling pressure behind XRP could push it below the $0.24 support level.

Litecoin is testing the $58 resistance level, which is preventing its price to make higher highs since Sept. 25.

If Litecoin is able to close above the $58 resistance level, a move to the next resistance levels around $64 and $71 will be extremely likely.

Breaking above this major resistance cluster will add credibility to the idea that LTC is bound for a trend change from bearish to bullish.

Even though the crypto community appears to have turned bullish due to the recent price jump, the market is technically sitting on the verge of a trend change.

If Ethereum is able to close above $198, XRP above $0.30 and Litecoin above $58, then the market may continue rising to higher highs.