BTC, ADA, BNB and LTC Price Analysis for March 21

Price Predictions
Sun, 03/21/2021 - 14:39
article image
Denys Serhiichuk
How long is the altcoins' dominance going to last?
BTC, ADA, BNB and LTC Price Analysis for March 21
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

Bears have seized the initiative on the last day of the week. XRP remains the only coin trading in the green zone.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The crucial data for Bitcoin (BTC), Cardano (ADA), Binance Coin (BNB) and Litecoin (LTC).

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$1,063,587,106,302 $57,314.79 $57,068,494,123 -3.22%

Cardano

ADA

$38,277,075,704 $1.20 $4,630,128,866 -4.88%

Binance Coin

BNB

$40,707,434,160 $263.76 $1,918,009,648 -2.05%

Litecoin

LTC

$13,121,113,576 $196.80 $2,898,928,624 -3.86%

BTC/USD

Bitcoin (BTC) could not finish the week under bulls' dominance. The price of the main crypto has fallen by 5.66% over the last seven days.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily chart, Bitcon (BTC) keeps trading above $56,000, which means that there are still high chances of seeing a restest of the peak around $62,000.

Related
BTC, ETH and XRP Price Analysis for March 20

Only if bears push the rate below $59,000 will they seize the long-term initiative.

Bitcoin is trading at $57,000 at press time.

ADA/USD

Cardano (ADA) is the top loser today. The price of the coin has gone down by almost 5%.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

Despite the price decrease, bears have not seized the initiative as the altcoin keeps trading in a range between $1.18 and $1.33. At the moment, sideways trading is the more likely scenario, which means that the upper channel boundary may be tested.

Cardano is trading at $1.20 at press time.

BNB/USD

Binance Coin (BNB) has lost the least today. The rate of the native exchange token has gone down by only 2%.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

On the daily time frame, Binance Coin (BNB) is approaching the first resistance at $282. The selling volume is low, which means that there are chances to break it and go to the next zone around $300.

BNB is trading at $263 at press time.

LTC/USD

Litecoin (LTC) is not an exception to our rule as the "digital silver" could not keep trading in the bullish zone.

LTC/USD chart by TradingView
LTC/USD chart by TradingView

Litecoin (LTC) has retested the MA 50 on the daily chart, confirming bulls' potential to keep the growth going. If buyers break the first obstacle at $208, they will move to the closest one around $227.

Litecoin is trading at $196 at press time.

article image
About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

thecryptobuds