Litecoin (LTC), Binance Coin (BNB), Cardano (ADA) –The market price of cryptocurrencies has been highly volatile in recent days. Its main reference, Bitcoin has been fully complying with what was predicted in our last post and therefore, the rest of the ecosystem follows the stipulated projections to the letter.
The market has returned to capitalization levels of $ 170 Billion and its main reference dominates with 51.9%.
The table in the middle part of the top 10 has been pretty much moved, with interesting alternations between squares 4 and 6 of the cryptocurrencies, where the difference between one and another position is just a few million, in such a volatile market where this can be won / lost in a matter of minutes.
Litecoin (LTC) Price Prediction: Are we set for the Bull?
The silver cryptocurrency has fallen to position six in the ranking, but remains bullish in the last 24 hours with 1.36% and a spot price of $ 77.54 after being in constant climb for almost 15 days.
Its capitalization volume is $ 4.8 trillion dollars and it is slightly lower than BCH by only $ 21 million at the time of writing.
For the short term, LTC seems to be an ideal entry point for late investors to make big profits. The 1H chart shows that the bulls are entering LTC with strength and its bearish trajectory of recent days has apparently broken.
The maximum and minimum have originated an ascending triangle with a breaking point as maximum short term resistance for LTC at $ 104.32. This behavior is also confirmed by the Aroon Uptrend indicator in the upper part of the graph and its counterpart in the background.
If this continues, LTC could generate double-digit profits in the short term, up to 20%.
In the long term, the picture is even more encouraging. LTC has created a pattern that we have already seen before and its ascending channel promises to reach R1 levels by the end of the year – $ 187.
Its support has been established at the breaking point, far from its current price.
The pattern confirmed by the RSI indicator has already reached the point of oversold, generating commotion in the LTC ecosystem.
The Bollinger Bands, on the other hand, have indicated a high volatility as their upper and lower bands diverge. Good sign of entry.
BINANCE COIN (BNB) Price Prediction: A Good Sign of Entry for Bullish Race?
Currently, it is the seventh cryptocurrency cryptocurrency in the ecosystem, after a surprising rally in the past days that led it to a vertiginous climb on the table.
Its current quote price at the time of writing is $ 17.94 with + 5.40% in the last 24 hours. Its market volume remains above $ 2.5 trillion.
In the short term the CZ cryptocurrency presents a possible bullish cross for this weekend, according to the crossing of the EMA 30 vs 100 indicators. Its level of immediate resistance is again stipulated around the $ 20.63 and its support remains at $ 16.48.
The CMF indicator presents a positive level with rise in value which is synonymous to entry of more capital into the ecosystem.
In the medium-long term, the currency presents an upward channel with supports in S1 ($ 6.08) and R1 ($ 22.10) for the month of May 2019.
The CMF indicator remains at a better level in the medium term and its created channel seems to be generating the new higher minimums to achieve new historical highs for BNB with a strong base.
CARDANO (ADA): Preparation for Bull Ignited
It is currently the tenth cryptocurrency with a spot price of $ 0.0845, + 3.57% added value in the last 24 hours and a market capitalization of just over $ 2.1 billion.
The short-term ADA scenario is quite promising, as the two currencies discussed above, its upward trend is with an EMA crossing projecting this trend for the weekend.
In addition, the Stochastic indicator shows a positive trend, confirming the projection of EMA.
Its level of immediate resistance is located in R1 ($ 0.1008).
In the medium-long term, ADA does not differ from what we have discussed in previous posts about this altcoin. Its Elliot Wave projects an upward trend to levels of R1, with an average price of maximums and minimums of $ 0.099 per unit for the whole year.
Even though the RSI indicator has left the overbought area, its remains above the sale level.
