Thomas Hughes

Litecoin, Bitcoin Cash, Cardano, Binance Coin Price Prediction – Weekly Overview

BNB has climbed to the number 7 spot by market cap and currently trading at $15.15
Litecoin, Bitcoin Cash, Cardano, Binance Coin Price Prediction – Weekly Overview
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The overall crypto market cap is back up around $133 billion after a surprising dip. Wednesday, March 6th $8 billion were taken off the table in a matter of hours, but a lot of that loss is back. It is yet unclear what caused the massive drop, but the losses were erased just as unexpectedly as they appeared, and the market has been relatively calm since then. Two of the top 10 coins have been posting amazing gains in the last few days and others have been trading steady in moderate ranges, let’s try and figure out what’s next for LTC, BCH, ADA, and BNB.

Litecoin (LTC) Price Analysis

Trading at just over $56 Litecoin is currently in the 5th spot by market cap with a circulating supply of $3,405,983,239. Over the last 7 days, the coin posted huge gains of over 21% and is looking strong. After dipping briefly below the resistance/support line at $47 Litecoin bulls stepped in and took the pair into resistance at $56 and successfully renewed the brewing uptrend.

Price is making higher highs but the Relative Strength Index (RSI) is making lower highs and is touching overbought levels which is a bearish divergence and worrisome. This could mean a pullback will shortly follow but as long as price is above the 100 days EMA, the outlook is bullish. I am aiming for $66 within a week or possibly two.

LTC/USD chart by tradingview

LTC/USD chart by TradingView

Bitcoin Cash (BCH) Price Analysis

Ranked just behind Litecoin at number 6 by market cap Bitcoin Cash is currently valued at near $131 and trading in a tight range. There doesn’t seem to be a lot of interest for this cryptocurrency at the moment because price is moving almost completely sideways with low volatility. This calls for caution because periods of low volatility and flat movements are often followed by strong breakouts to either side. The levels to watch are $100 as psychological support and $150 as resistance.

BCH/USD chart by tradingview

BCH/USD chart by TradingView

Cardano (ADA) Price Analysis

Sitting just outside the top 10 at number 12, Cardano’s ADA is trading at 0.042 against the US Dollar. The coin has lost close to 2% over the last 7 days but may be finding support once again. After bouncing at $0.027, ADA showed some signs of bullish pressure but failed to break the 100 days EMA and has been trading with just minor fluctuations ever since. The support at 0.027 is strong (rejected price several times), so it could push price higher (if touched). On the other hand, the RSI has a bearish bias so it’s safe to say the signals are mixed. Caution is recommended because this pair could go either way. Keep in mind that a downtrend is still in place so upside movement should be limited, at least for the next week or so.

ADA/USD chart by tradingview

ADA/USD chart by TradingView

Binance Coin (BNB) Price Analysis

The strongest mover in the top 20, BNB has gained a whopping 48.57% over the last 7 days. It has climbed to the number 7 spot by market cap and currently trading at $15.15. There’s no doubt that Binance Coin is bullish right now and there’s a high chance that it will continue to move up, towards $18.20. However, it must be noted that price has been shooting straight up for an extended period and the RSI has been constantly breaking above its 70 level which makes the pair clearly overbought. During the next week we can expect to see a pullback before $18 area is reached.

BNB/USD chart by tradingview

BNB/USD chart by TradingView

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Vera Thornpike

Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?

🤑📈Bitcoin short-term price prediction from TradingView users. Is BTC to overcome $4,000 this week? When to buy Bitcoin? Patterns and factors contributing to BTC growth.
Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?
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Bitcoin has managed to make it to $4,000 but didn’t hold long. What will be its next steps? Will BTC reach new heights, or is its short-term success to be eclipsed by another bearish trend? tradingview users share their outlook on Bitcoin’s nearest future.

BTC is going through ABC correction

Bitcoin is through ABC correction

Bitcoin price chart from botje11

According to user botje11, Bitcoin seems to be going through ABC correction. So far, it has been moving towards the $4,200 neckline again. Volume is moderate, but not bad. It looks to be developing normally within what looks like a right shoulder. Since December 2018, it has been attempting to form an inverse H&S pattern.

Here’s what botje11 writes:

“In a short term, we want to see something like the chart on the left. Making a bigger bull flag here. So touching 4000/4020 again and then retest the support one more time around 3950/40. If we see this happen without any strange moves, chances will be very high to see an attack of the 4200. As you know from my previous analysis, that if we see a touch of 4200ish, even when seeing a rejection there at first, i am quite sure it will break eventually. In this scenario, 4000 should be the low after touching the 4200ish.”

If we manage to move up above 4000/4050, the volume should increase. To witness positive changes, the rally should be bigger than before. The real volume jump can be postponed until a break of the $4,200 level. But then it has to be enormous. Seems like traders aren’t willing to wait anymore.

Short-Sale Structure pattern is here

We are likely to see Bitcoin falling to a support line

Bitcoin price chart from CryptoManiac101

According to CryptoManiac101, up to date, we are witnessing a clear follow through with our Short-Sale Structure pattern. It means there’s a 90% chance of a flash dump or drop towards supports. However, crypto is a very volatile matter, and we might see an upward movement into the next week. At the moment, there’s no clear BTC/USD trade set up.

There’s the third successive buy signal

Prepare to buy BTC at $4,100

Bitcoin price chart from TradingShot

Bitcoin gives another buy signal for traders. Look at the pattern: 4H Channel Up within a 1D Ascending Triangle. The signal seems to be bullish in the Higher Low zone. Prepare to buy BTC at $4,100 higher high and sell on $4,190 when Ascending Triangle Resistance forms.

BTC is to fall to $3,300

BTC might fall to $3,300 and lower soon

Bitcoin price chart from MrRenev

Some users don’t share the optimism around Bitcoin’s future. For example, the user nicknamed MrRenev believes that BTC is to fall to around $3,300 in 7-10 days.

Here’s what he writes:

“After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.”

Why should it be so? MrRenev bases his prediction on the fact that the Chinese government doesn’t like Bitcoin and might do everything to suppress it. BTC will be under risk after rejecting resistance twice and run into the next resistance which is $4,200-4,300. The user is sure that the chances of a bull run is minimal.

After breaking resistance, Bitcoin is through the uptrend. Judging by predictions from TradingView, it's more likely to rise than return to the $3,500 level or lower. Keep tabs on the new resistance level. $4,050 will be a new BTC price threshold and an entry point for traders.

BTC/USD price chart on TradingView

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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