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BTC, ETH, LTC, XLM and DOT Price Analysis for June 13

Price Predictions
Sun, 06/13/2021 - 15:17
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Denys Serhiichuk
Which coin can sustain the growth next week?
BTC, ETH, LTC, XLM and DOT Price Analysis for June 13
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 losing their positions to bears, with all top 10 coins being in the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The price of Bitcoin (BTC) has remained the same over the last seven days, including June 12. 

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

Over the past week, Bitcoin (BTC) has been trading in the sideways range, with the accumulation pattern hinting at a further sharp move. The trading volume is going down which means that the chief crypto might come back to the nearest resistance around $40,000. The bearish scenario will come into play if it bears break the $32,000 and fixes below it.

Bitcoin is trading at $36,000 at press time.

ETH/USD

Ethereum (ETH) has lost 12 percent of its price over the last seven days.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Ethereum (ETH) keeps located in the zone where most of the liquidity can be found, which means that traders have not accumulated enough power yet for another move.

Related
BTC, ETH, XRP, BNB and ADA Price Analysis for June 12

A bull scenario is more likely at the moment. As long as the main altcoin doesn't drop below $2,200, there is a high chance of returning to $2,900 next week.

Ethereum is trading at $2,361 at press time.

LTC/USD

Litecoin (LTC) is not an exception, falling by 0.49 percent.

LTC/USD chart byTradingView
LTC/USD chart byTradingView

Litecoin (LTC) is trading similarly to Ethereum (ETH): the drop might have ended yet as the selling trading volume has declined to the minimum level. If buyers can gain footing above $180, it might be easy for them to retest the $193 level.

Litecoin is trading at $160.74 at press time.

XLM/USD

The price of Stellar (XLM) has declined by 15 percent since last week.

XLM/USD chart byTradingView
XLM/USD chart byTradingView

Stellar (XLM) has bounced off the support at $0.31, having confirmed the bulls' power. The trading volume has slightly reduced today, which means that the price may retest the zone of the most liquidity around $0.38.

XLM is trading at $0.31 at press time.

DOT/USD

Polkadot (DOT) has declined by 2 percent over the last day.

DOT/USD chart byTradingView
DOT/USD chart byTradingView

Polkadot (DOT) is trying to fix above the vital mark of $20. The trading volume has reduced, which means that a retest of the recently created mirror level at $22.08 may happen next week.

DOT is trading at $20.26 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.