Three altcoins to watch this weekend share the same setup. Lighter (LIT), Zcash (ZEC), and Rain (RAIN) have each broken above multi-month highs and tagged their first Fibonacci extension target.

Each chart now asks the same question. The broken highs have flipped into support, while the 1.618 Fibonacci extension sits overhead as the next objective into the weekend.

Lighter Extends Its Breakout Toward $3.98

Lighter trades near $3.46 with a market capitalization of $865 million. The token has gained about 25% over the past week and roughly 57% over the past month.

The daily chart shows a clean breakout on Aug. 21 above $2.76, a level LIT had not traded through since January. That move followed a July tokenomics overhaul that introduced permanent supply reduction.

Price then cleared the 1.272 Fibonacci extension at $3.30 and now works toward the 1.618 extension at $3.98. That target sits about 15% above spot.

On a pullback, the broken $2.76 level becomes the first support. An ascending trendline drawn from the mid-May low is converging with the same price level, strengthening the zone.

Below it, the long-term 0.618 retracement at $2.00 remains the deeper floor.

Volume expanded higher on each leg, including the August advance that followed the first revenue-funded burn. RSI has cooled from an overbought reading near 85 to just under 70 without printing a bearish divergence.

Zcash Stalls Under $900

Zcash trades near $806 with a $13.6 billion market cap. ZEC has climbed roughly 75% in 30 days, extending a rally that began earlier this year.

The privacy coin broke above $749.65 and pushed into the 1.272 extension at $903.47 before sellers stepped in. Price has since settled back near $800, holding well above the breakout level.

The 1.618 extension at $1,099.14 marks the next upside objective, roughly 37% above current prices. ZEC still trades far below its record of $3,191.93, set in October 2016.

Support is stacked. The old $749.65 high sits first, followed by the 0.786 retracement at $628.63, which currently aligns with the 20-day moving average.

Bollinger Bands have expanded sharply, indicating a period of volatility rather than a range. Volume ticked higher on the breakout leg, and RSI holds near 70 with no bearish divergence. A newly listed Grayscale product tracking ZEC provides a fundamental backdrop for the move.

Rain Prints a Record High With Volume Behind It

Rain trades near $0.01763 with a $12.35 billion market cap. Market data places its record high at $0.019464, reached on Aug. 25.

The RAIN chart offers the cleanest structure of the three altcoins discussed here. Price built a tight accumulation base through early and mid-August, roughly between $0.0121 and $0.0130.

That base formed directly on the 0.618 retracement at $0.01259, and volume rose steadily inside the range before any breakout occurred. Accumulation therefore preceded the move rather than chasing it.

The Aug. 26 candle cleared $0.01624 and wicked into the 1.272 extension at $0.01884. The 1.618 extension at $0.02214 now stands about 27% higher.

Support levels sit at the broken $0.01624 high, then $0.01420, then the accumulation shelf at $0.01259. RSI trades above 70 with no bearish divergence, which suggests momentum remains intact.

One structural risk deserves attention. Circulating supply stands near 709 billion tokens against a maximum of 1.15 trillion, so further unlocks could weigh on price.

Source: BeInCrypto