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BTC, ADA, BNB and LTC Price Analysis for September 3

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Sat, 3/09/2022 - 15:05
BTC, ADA, BNB and LTC Price Analysis for September 3
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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The market seems yet undecided which way to move as some coins are in the green zone while others are in the red.

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Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) could not keep rising and has now gone down by 2.37%.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) has continued the drop after the false breakout of the $20,000 mark. 

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BTC, AVAX and SOL Price Analysis for September 1

If buyers cannot seize the initiative and the candle closes around $19,500, there is a high chance to see a breakout of the support level, followed by a sharp decline.

Bitcoin is trading at $19,864 at press time.

ADA/USD

Cardano (ADA) is doing better than Bitcoin (BTC) as the price has risen by 2.97% over the past day.

ADA/USD chart by Trading View

Cardano (ADA) is on the way to the resistance level at $0.4820. Thus, the altcoin might have accumulated enough energy for mid-term growth. All in all, a breakout of the level may cause further upward movement to the vital $0.50 zone.

ADA is trading at $0.4773 at press time.

BNB/USD

Unlike Cardano (ADA), Binance Coin (BNB) has fallen by 1.65%.

BNB/USD chart by TradingView

Binance Coin (BNB) is neither bullish nor bearish on the daily chart. Despite the fall, the price remains above the important support level at $273.5. However, if the selling volume increases and bears' pressure continues, the breakout can be a prerequisite for a drop to the $260 zone soon.

BNB is trading at $277.1 at press time.

LTC/USD

Litecoin (LTC) has followed the rise of Cardano (ADA), growing by 2.38%.

LTC/USD chart by TradingView

Litecoin (LTC) is trying to stay in the bullish zone after yesterday's breakout of the $58.31 level. If the "digital silver" can fix above the crucial $60 mark, the rise can continue to the next mark at $65.66 shortly.

LTC is trading at $60.96 at press time.

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