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BTC, XRP, BNB and LTC Price Analysis for June 9

Price Predictions
Wed, 06/09/2021 - 10:51
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Denys Serhiichuk
Which crypto can show the fastest rise at the current bounceback?
BTC, XRP, BNB and LTC Price Analysis for June 9
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 cryptocurrency market keeps facing a bearish influence as the majority of the top 10 coins are in the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) keeps growing while most of the other altcoins are going down. The rate of the chief crypto has increased by 4% since yesterday.

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

Bitcoin (BTC) has successfully bounced back to the support at $31,000, having confirmed the bulls' power.

Related
BTC, ETH, XRP and ADA Price Analysis for June 7

From the technical point of view, one might expect short-term growth to the zone of the most liquidity around $36,000 within the next few days.

Bitcoin is trading at $34,074 at press time.

XRP/USD

The rate of XRP is almost unchanged since yesterday. The price has risen by 0.46%.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

XRP is almost following the price action of Bitcoin (BTC). After a false breakout of the EMA, the price is coming back, which confirms the power of buyers. In this case, there is a high chance of seeing a test of the level of $0.94 soon.

XRP is trading at $0.8635 at press time.

BNB/USD

Binance Coin (BNB) has gained more, with growth making up almost 2% over the last day.

BNB/USD chart byTradingView
BNB/USD chart byTradingView

The native exchange coin has bounced off the support at $352. At the moment a bullish scenario is more likely than a bearish one as buyers have fixed above the support. Thus, the selling trading volume has decreased, which means that sellers have lost the initiative for a while. All in all, there are high chances of seeing a correction to the area around $380.

BNB is trading at $352 at press time.

LTC/USD

The rate of Litecoin (LTC) is also almost unchanged since yesterday.

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

The "digital silver" is also more controlled by buyers than sellers as the rate has fixed above the $150 mark. From the technical point of view, the ongoing bounceback might continue to the level around $200 where most of the liquidity is focused.

Litecoin is trading at $159 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.