BTC, BNB, LTC, XLM, ADA, THETA and KLAY Price Analysis for April 2

Price Predictions
Fri, 04/02/2021 - 15:40
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Denys Serhiichuk
How long is the #altcoins' dominance going to last?
BTC, BNB, LTC, XLM, ADA, THETA and KLAY Price Analysis for April 2
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 keep dominating on the cryptocurrency market and most of the top 10 coins are in the green zone. Uniswap (UNI) and Chainlink (LINK) are the only exceptions to the rule, falling by 0.51% and 0.20%, respectively.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital statistics for Bitcoin (BTC), Binance Coin (BNB), Litecoin (LTC), Stellar (XLM), Cardano (ADA), THETA and KLAY:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$1,109,779,626,246 $59,496.20 $57,387,154,884 0.46%

Binance Coin

BNB

$53,282,894,844 $349.77 $4,336,082,914 9.05%

Litecoin

LTC

$13,569,165,713 $204.70 $3,910,347,378 3.34%

Cardano

ADA

$38,511,878,950 $1.21 $2,772,053,898 0.86%

Stellar

XLM

$10,114,342,898 $0.445 $2,208,014,515 7.7%

THETA

THETA

$12,113,054,542 $12.25 $556,860,660 -0.19%

Klayton

KLAY

$9,908,659,300 $4.06 $551,978,538 1.09%

BTC/USD

The Bitcoin price consolidated sideways yesterday with support at $58,000. Buyers managed to form a bullish momentum this morning, which pierced the $60,000 resistance level and tested the $60,100 level.

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

Further gains are possible during the day, but major buyers' support is needed to break through to the all-time high.

Related
BTC, BNB and EOS Price Analysis for April 1

On small volumes, the pair might return to the support of $58,000.

Bitcoin is trading at $59,134 at press time.

BNB/USD

Binance Coin (BNB) is the top gainer today as the price has gone up 9%.

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

Despite the growth, the rise may continue to the vital market of $400 where a potential rollback may occur, as the liquidity might not be enough to continue the rise.

BNB is trading at $352 at press time.

LTC/USD

Litecoin (LTC) has shown less growth than BNB, and the growth has accounted for only 3.34%.

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

Litecoin (LTC) has reached the nearest resistance at $205 and has accumulated enough power to break it. If a breakout happens, bulls have the chance to attain the area around the peak of $240.

Litecoin is trading at $205 at press time.

XLM/USD

Stellar (XLM) is the second-most growing coin today. Its growth has constituted 7.7% since yesterday.

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

Stellar (XLM) is ready to get out of the consolidation phase and break the level of $0.465. In this case, the coin has the space to grow to the next market of $0.60.

XLM is trading at $0.44 at press time.

ADA/USD

The rate of Cardano (ADA) is almost unchanged since yesterday. The altcoin has shown a rise of $0.89.

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

On the daily chart, Cardano is located in the wide range, gathering power for a price blast. Long-term growth is possible when bulls break the peak at $1.54.

ADA is trading at $1.20 at press time.

THETA/USD

THETA is located in the green zone. with a decline of -0.19%.

THETA/USD chart by TradingView
THETA/USD chart by TradingView

From the technical point of view, the altcoin is stuck within the Triangle pattern, having successfully bounced off from its bottom line. If bulls hold this level, there is a chance of seeing a restest of the resistance of $14,63 at press time.

THETA is trading at $12.11 at press time.

KLAY/USD

Klayton (KLAY) has also shown a slight rise over the last day, growing by 1%.

KLAY/USD chart by TradingView
KLAY/USD chart by TradingView

The altcoin has not broken the rising channel, which means that further growth is possible as enough power has already been accumulated. In this case, the nearest target is the retest of the peak at $5.45.

KLAY is trading at $4.07 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 & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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