Bitcoin Drop Gives Way to XLM, LTC, ETC, BNB Altseason

Bitcoin Drop Gives Way to XLM, LTC, ETC, BNB Altseason

Table of Contents

Main points:

  • It seems that the continuation of the Bitcoin unification in the short term, but the trend is still positive as long as the price remains more than $ 110,530.

  • BNB, XLM, LTC and ETC plans look positive.

Bitcoin (BTCIt is still in a standardization stage where the bears frustrate the bulls to keep the price above $ 120,000. According to the director of sincerity of global macro, Gorian Timer, BTC is still direct in the middle Its adoption curve compared to adopting the Internet from the past decades. This indicates that BTC has more space for operation.

BTC Rally and Passing three main parts of legislation In the US House of Representatives, he strengthened feelings in the cryptocurrency sector. Which prompted the total market value of the cryptocurrency to less than just 4 trillion dollars on FridayAccording to Coinmarketcap. Since then, the market cover has been cooled to $ 3.85 trillion.

Daily encryption market data. source: Coin360

Ether (Eth) He is ALTCOINS charges topIt indicates the beginning of Altseason. Although sharp gatherings are common during bull markets, traders should be ready for frequent withdrawal while moving. Consequently, it is better to adhere to the principles of proper money management instead of blindly high prices.

Let’s analyze the plans from the 5 best encrypted currencies that look strong on the charts.

Bitcoin prediction

The shallow retreat from BTC indicates that the bulls are not in a hurry to book profits because they expect to continue in the upward direction.

BTC/USDT Daily Chart. Source: CointeleGRAPH/TradingView

The SIA moving average for 20 days (113,984 dollars) and the RSI index in the positive area indicate a feature for buyers. If Bulls pay the price exceeding $ 123,218, the BTC/USDT husband can resume the upper direction. The husband can rise to $ 135,729 and then to the goal of the pattern of $ 150,000.

Time runs out for bear. They will quickly withdraw the price without supporting $ 110,530 to return to the game. This short -term traders may seduce profits, withdraw the price to $ 100,000.

BTC/USDT 4 hours graph. Source: CointeleGRAPH/TradingView

The price fell below the simple moving average 50, indicating that the bulls lose their grip. The husband can decrease to $ 115,000, which is a basic level of defense. If they fail to do so, the husband may challenge the area between the neck line for the head pattern and the reverse shoulder and support 110,530 dollars.

If the price appears from the support area, the bulls will try again kicking the husband over 123,218 dollars. If they can do this, the husband may gather to $ 130,000 and then to 135,729 dollars.

Predicting BNB Price

BNB (BNB) Pick a momentum after collapsing and closing over the resistance of $ 698 on Wednesday.

BNB/USDT Daily Chart. Source: CointeleGRAPH/TradingView

BNB/USDT pair hacked $ 732 and reached 761 dollars on Friday, as the bears rise strongly. If buyers do not allow the price to less than $ 732, it indicates a positive feeling. This strengthens the possibility of a break above $ 761. The husband can rise to $ 794.

Unlike, if the price continues less and less than 732 dollars collapses, it indicates the possibility of a domain formation. The husband can swing between $ 698 and $ 761 for some time.

BNB/USDT scheme for 4 hours. Source: CointeleGRAPH/TradingView

Each of the moving averages descends, and RSI in the peak area of the purchase on the graph for 4 hours, indicating that the bulls are in control. The husband rejected $ 765, but the positive sign is that the bulls did not allow the price to drop to less than 732 dollars. Buyers will prepare another attempt to manufacture the husband to $ 794.

The first sign of the weakness will be close to the level of $ 732, and the sale can be picked up if the husband decreases below 20-ema.

Predicting stars

Star (XlmIt has risen sharply in the past few days and reached the public resistance at $ 0.51.

XLM/USDT Daily Chart. Source: CointeleGRAPH/TradingView

Pay the RSI plural to the peak purchase area, indicating a possible unification or correction in the short term. If buyers do not allow the price to less than $ 0.43, the XLM/USDT pair may erupt over $ 0.51. If this happens, the husband may start at the next station from the upward trend to $ 0.64 and then to the target target of $ 0.80.

This positive offer will be nullified in the short term if the price decreases and less than $ 0.43 is closed. The husband may then slip to EMA for 20 days ($ 0.36).

XLM/USDT 4 hours graph. Source: CointeleGRAPH/TradingView

The relative strength index on the graph for 4 hours shows early signs to form a decreased difference, indicating poor momentum. If 20-Daya allows the room, the husband can decrease to 50-SMA. This is an important level of monitoring because the rest of less than 50-SMA may sink the pair to the level of RERECting by 50 % Fibonacci of $ 0.37.

Instead, solid from 20-feature signals bounce on declines. This improves the possibility of a break over $ 0.51. The husband may resume, then the upward trend to $ 0.59.

Related to: XLM in Stellar has “more optimistic plan” in Crypto, which reflects the price of XRP

Litecoin prediction

Litecoin (LtcA fracture over the resistance of $ 107 on Friday, but the bulls were unable to maintain the highest levels as shown from the long wick on the candlestick.

LTC/USDT Daily Chart. Source: CointeleGRAPH/TradingView

Bulls are unlikely to surrender easily. They will again try to drive and keep the price above $ 107. If they can withdraw it, the LTC/USDT pair may rise to $ 130 and then to $ 140.

Sellers may have other plans. They will try to keep the price less than $ 107. If they can do this, the husband can back down to EMA for 20 days ($ 93). A deeper withdrawal can delay the resumption of the emerging step.

LTC/USDT 4 hours graph. Source: CointeleGRAPH/TradingView

The bears have pulled the price less than the level of $ 107, indicating solid sale at higher levels. The husband may decline to 20-feature, which is vital support for keeping it. If the price recovers from 20-ema by force, the bulls will try to push the husband over 112 dollars. If they do, the husband may gather to $ 120 and then to $ 130.

On the contrary, a break less than 20-feature indicates a profit reservation by short-term buyers. It can sink the pair to 50-SMA.

Ethereum classic price prediction

Ethereum classic (etc.It rose over the resistance of $ 21.70 on Friday, indicating that the bulls are in return.

Daily map ETC/USDT. Source: CointeleGRAPH/TradingView

Pay the acute gathering RSI to the peak area of the purchase, indicating slight unification or correction in the short term. ETC/USDT’s pair may repeat the 21.70 -dollar penetration level. If the price recovery from the level of 21.70 dollars with strength, it indicates that buyers have turned on the level to support. This increases the possibility of a crowd to $ 27.

On the contrary, a decrease less than $ 21.70 indicates that the markets have refused to collapse. The husband may then decrease to EMA for 20 days ($ 18.50).

Etc./USDT graph for 4 hours. Source: CointeleGRAPH/TradingView

Rally faces profit reservation at $ 24.99, which pulled the price to a 38.2 % reformulation level from $ 22.92. If the price is recovered from the current level, the bulls will try to resume the upward trend. If she succeeds, the husband may rise to 27 dollars.

On the other hand, a break can be drowned and closed less than $ 22.92 in critical support at $ 21.70. Buyers will have to defend the level of 21.70 dollars to maintain the intact of the domain. If they fail their endeavors, the husband may drown to $ 19.56, which completes a 100 % alternative to the latest leg of the gathering.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.