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BTC, BNB, ADA, DOGE and LTC Price Analysis for July 18

Price Predictions
Sun, 07/18/2021 - 14:56
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Denys Serhiichuk
Is the rise of altcoins going to continue for a while?
BTC, BNB, ADA, DOGE and LTC Price Analysis for July 18
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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The market is slowly recovering after the recent drop, and some coins have already come back to the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Despite today's rise, the price of Bitcoin (BTC) has declined by 6% over the last week.

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

After a false breakout of the $32,190 mark, the chief crypto is coming back to the resistance zone. However, the trading volume is low, which means that traders have not accumulated enough power for a continued rise. But if bulls manage to do it, there is a good chance to test the zone of the most liquidity aorund $37,000 next week.

Bitcoin is trading at $31,795 at press time.

BNB/USD

Binance Coin (BNB) has gained more, rising by 2.58% over the past 24 hours.

BNB/USD chart byTrading View
BNB/USD chart byTrading View

Binance Coin (BNB) has fixed above the crucial $300 mark. At the moment, an ongoing rise is more likely than a fall. If the buying trading volume increases, the level of $340 may be attained by the end of the next week.

BNB is trading at $306 at press time.

ADA/USD

Cardano (ADA) is also located in a zone of short-term growth, rising by 2.46%.

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

Cardano (ADA) has bounced off the support at $1.16 against the low trading volume. However, the altcoin remains trading within the falling channel, which means that bulls have not completely seized the initiative so far.

Related
BTC, ETH and XRP Price Analysis for July 17

If a breakout occurs, there is a probability to see the return to the resistance around $1.40 soon.

ADA is trading at $1.19 at press time.

DOGE/USD

DOGE has gained the most today, rocketing by 9% since yesterday.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

DOGE made a false brekout of the resistance zone at $0.20; however, the price has not declined so far. It may mean that buyers are gathering power for another attempt to break the level. If that occurs, the rise may continue to $0.25.

DOGE is trading at $0.18 at press time.

LTC/USD

Litecoin (LTC) remains weaker than other coins from the list despite the 2% growth today.

LTC/USD chart byTradingView
LTC/USD chart byTrading View

Litecoin (LTC) tested the resistance at $124.80. However, LTC could not fix above the resistance. It means that bears keep controlling the situation on the market, trying to retest the support at $105 within the next several days.

Litecoin is trading at $120.72 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.