Altcoins Cryptocurrency Price Analysis

Litecoin, Binance Coin, TRON Price Prediction: Possible Week 12 Outcome

The crypto market continues to maintain the $140 Billion dollars value, since Bitcoin reached the $4000 mark. It is already rumored that the crypto winter has come to an end for Bitcoin, and logically for the rest of the altcoins.

Litecoin (LTC) Price Possible Week 12 Outcome

Litecoin (LTC), the fourth cryptocurrency by market capitalization, remains in the range of $60 per unit, fighting a fierce struggle between the bearish and bullish trend.

Its price at the time of writing is $60.05 with a slight contraction of half a percentage in the last 24 hours. Its market cap allows it to remain somewhat comfortable in the fourth box with more than $3.5 billion.

Litecoin (LTC) Possible Week 12 Outcome

 

In the short term, for the cryptocurrency this week twelve, we could expect a bearish scenario, given that the altcoin has not managed to reach and maintain the projected immediate resistance levels, after reaching $60 level.

Litecoin is presenting a slight price correction, and it is natural after a few days on the rise, that investors withdraw to collect some profit. According to the crossing EMA 25 clearly and precisely below EMA 100, the bearish zone due to the massive sales of the asset will be seen in the rest of the day and possibly in the week.

Litecoin (LTC) Price Possible Week 12 Outcome

This scenario is confirmed by two factors: one is the inability of LTC to reach the level of R1 ($ 63.18) on March 18 @ 01:00 and the second factor is the change of pattern EMA25 below EMA100.

Litecoin (LTC) Price Possible Week 12 Outcome

Additionally, the Stochastic indicator is traveling below the 50 level, which leads to the technical intuition that the oversold market is just around the corner with the nefarious scenario of a devaluation in the price of LTC at average levels, between S1 ($59.13) and S2 ($56.74).

Our end-of-week projection is renewed for an average price of $58.32 per unit, an asset depreciation of -3.76%.

However, according to the LTC chart for 1D, in the medium term, the scenario to reach and stay in the green zone of Resistance R1-R2, is likely, since it maintains it upward trajectory.

Litecoin (LTC) Price Possible Week 12 Outcome

The only drawback for now, is that week 12 does not show an immediate change of pattern by its indicators. The Chaikin Money Flow is also descending for the rest of the week, due to the flow of the market at this time for Litecoin.

Binance Coin (BNB) Price Possible Week 12 Outcome

Despite failing to beat its immediate resistance level of $16.5 projected in the previous post, its lateral movement of price keeps it anchored to the seventh box of the overall ranking with its $2.19 billion.

Its price at the time of writing is $15.52 with a negative change of 0.74% in the last 24 hours. Binance (BNB) is being threatened to be moved back to the eighth place by its closest rival, the Stellar lumens (XLM).

Binance Coin (BNB) Price Possible Week 12 Outcome

For this week 12, the other altcoins are getting a similar behavior, due to the flow of money to Bitcoin for the hope of a bullish rally expected for the king of the coins if exceeds the $4200 mark.

This is the case of Binance Coin, which after a spectacular rally last week, has not managed to stay above its immediate resistance of $16.50. Consequently, for the rest of week twelve, a movement is expected between the of S1 and R1 bands for the 1H chart.

Binance Coin (BNB) Price Possible Week 12 Outcome

The Elliot pattern allows us to intuit such behavior around the price of $ 15.90 for the rest of the week, after reaching its minimum at $15.21 expected in the coming hours.

The crossing of EMA25 has notified of such behavior, ratifying the projected price by the Stochastico indicator, which presents a level below 50 but still moves in a horizontal direction between the band of 40-50 (low sale zone).

In the medium term, for the 1D chart, BNB predominates its upward trend, which has been dragging since last week, and it is likely that we will see at the beginning of the weekend a jump in its prices to reach a solid ceiling of $16.5 and to be able to take off until the desired and delayed level of the $20 per token.

Binance Coin (BNB) Price Possible Week 12 Outcome

The Bollinger bands have started to converge at their extremes, after a wide divergence throughout the month of March, synonymous with the strong support that is creating the cryptocurrency to avoid the volatility of their prices.

The indicated Chaikin Money Flow remains at a good level, synonymous with no strong capital flight from the BNB ecosystem in the medium term.

For its Aroon part presents its Dowtrend on the ground (red line) and its counterpart (green line) in the upper-middle part, despite a slight change of pattern at the last minute, still remains at levels of uptrend.

TRON (TRX) Price Possible Week 12 Outcome

The tenth cryptocurrency by market capitalization has seen a lateral movement of prices, which it plans to keep for the rest of the week, and perhaps one of the least affected by the massive flow of capital to Bitcoin from other altcoins.

At the time of writing its spot price is $ 0.0231 USD with a positive growth in the last 24 hours of 0.80%.

TRON (TRX) Possible Week 12 Outcome

In the short term, for this week twelve of 2019, we should expect a low volatile price marked by a fluctuation between the bands of S1 ($ 0.022) and the moving average of $ 0.0230. In the best of cases, a maximum peak could be achieved in some negotiation of up to $ 0.0236 (R1).

TRON (TRX) Possible Week 12 Outcome

The Stochastic indicator stays between the overbought and buy zone, with average levels projected for the rest of the week between 60-80. Good level to stay in profits.

For its part, the Aroon indicator has already begun to draw a slight bearish trend, which is surely the wave movement that we have projected on the chart that occurs at all times in the rest of week twelve.

Read: BCF Extends Charity To 1328 Victims With BNB Donation. A Propelling Force For Binance Coin (BNB)?

In the medium term, a break point is expected to move again towards the downside, according to the crossing of the Exponential Move Average (EMA).

TRON (TRX) Possible Week 12 Outcome

Even the boss Cypher foresees that the movement of Justin Sun’s cryptocurrency will be ahead of our scenario proposed in the previous post for the April average around the current point of quotation.

As a result of this advance, the Stochastico indicator is moving strongly towards dangerous sale levels, which could trigger the new lowering of the TRX price up to $ 0.020 (S1) by the end of the month.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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Esme Anderson

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