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BTC, ADA, BNB, XLM, and LTC Price Analysis for August 10

Price Predictions
Tue, 08/10/2021 - 17:00
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Denys Serhiichuk
How long can altcoins continue growing faster than Bitcoin (BTC)?
BTC, ADA, BNB, XLM, and LTC Price Analysis for August 10
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.

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Bulls managed to stage a comeback after a market correction on Monday. as a result, all the top 10 coins are in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has been almost unchanged over the last 24 hours.

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

On the daily chart, Bitcoin (BTC) is trading near the resistance at $47,000. The trading volume is high which means that this zone is important for traders in terms of further price action. If bulls can break above the resistance, there are chances to get to $53,000 by the end of the month.

Bitcoin is trading at $45,578 at press time.

ADA/USD

Cardano (ADA) is the biggest gainer today. Its price has rocketed by more than 6 percent since yesterday.

ADA/USD chart by Trading View
ADA/USD chart by Trading View

After the sharp spike, Cardano (ADA) remains bullish on the daily chart.

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BTC, ETH, XRP, BNB and DOGE Price Analysis for August 7

The altcoin has fixed above the $1.50 level, which served as the resistance before. Now, the more likely scenario is the continued growth to the next vital mark at $1.90.

ADA is trading at $1.56 at press time.

BNB/USD

Binance Coin (BNB) is also not an exception, rising by 5 percent.

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

From the technical point of view, Binance Coin (BNB) is trading similarly to Cardano (ADA) as the rate is slightly approaching the important $400 mark. The buying trading volume has reduced, which might mean that traders are accumulating power for another push. In this case, the growth may continue to the nearest resistance at $483.

BNB is trading at $369 at press time.

XLM/USD

Stellar (XLM) is underperforming compared to Binance Coin (BNB) or Cardano (ADA) since its price only moved by 1.51 percent.

XLM/USD chart by TradingView
XLM/USD chart by TradingView

Stellar (XLM) is looking bullish from the mid-term scenario as the rate has almost fixed above the level at $0.30 after a sharp decline. Respectively, one may expect the consolidation at the current level before the growth to the resistance at $0.3410.

XLM is trading at $0.3068 at press time.

LTC/USD

The rate of Litecoin (LTC) has risen by 1.50 percent over the last 24 hours.

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

The rate of the "digital silver" is approaching the $180 mark where the ongoing rise may be stopped for some time, so bulls could get more energy to keep the growth. If such a scenario takes place, Litecoin (LTC) may get to the zone around $200 by next week.

LTC is trading at $163.61 at press time.

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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, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.