The Crypto Daily – Movers and Shakers – December 31st, 2020

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, rallied by 5.74% on Wednesday. Following on from a 1.01% gain on Tuesday, Bitcoin ended the day at $28,880.0.

It was a bullish start to the day. Bitcoin rose from an early morning intraday low $27,312.0 to a late morning high of $28,587.00.

The early rally saw Bitcoin break through the first major resistance level at $27,810 and the second major resistance level at $28,305.

Falling short of $29,000 levels, Bitcoin fell back through the major resistance levels to sub-$27,500 levels.

Finding late support, however, Bitcoin rallied to a late intraday high and a new swing hi $28,977.0.

Bitcoin broke back through the first and second major resistance levels to wrap up the day at $28,800 levels.

Resistance at $29,000 pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $28,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,261 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Wednesday.

Polkadot slumped by 9.10% to lead the way down, with Ripple’s XRP sliding by 4.51%.

Binance Coin (-2.28%), Cardano’s ADA (-3.71%), Chainlink (-4.36%), also saw red on the day.

It was a bullish day for the rest of the majors covered, however.

Bitcoin Cash SV (+2.80%) Crypto.com Coin (+1.21%), Ethereum (+2.88%), and Litecoin (+1.10%) joined Bitcoin in the green.

In the current week, the crypto total market cap fell to a Tuesday low $678.76bn before rising to a Wednesday high $769.06bn. At the time of writing, the total market cap stood at $760.80bn.

Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Wednesday high 71.45%. At the time of writing, Bitcoin’s dominance stood at 71.37.

This Morning

At the time of writing, Bitcoin was up by 1.07% to $29,189.0. A bullish start to the day saw Bitcoin rise from an early morning low $28,878.2 to a new swing hi $29,286.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was another mixed start to the day.

Bitcoin Cash SV (+0.75%), Crypto.com Coin (+1.37%), Polkadot (+2.22%), and Ripple’s XRP (+0.96% joined Bitcoin in the green early on.

It was a bearish start for the rest of the majors, however.

At the time of writing, Binance Coin was down by 1.11% to lead the way down.

BTCUSD 311220 daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $28,390 to bring the first major resistance level at $29,467 into play.

Support from the broader market would be needed for Bitcoin to break out from the morning high $29,286.0.

Barring an extended crypto rally, the first major resistance level and resistance at $29,500 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $30,000 before any pullback. The second major resistance level sits at $30,055.

Failure to avoid a fall through the $28,390 pivot would bring the first major support level at $27,802 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$27,000 levels. The second major support level sits at $26,725.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 30/12/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

It’s been another choppy 1st half of the week for Binance Coin.

A mixed start to the week saw Binance Coin slide to a Sunday current week low $29.90 before making a move.

Finding support at the first major support level at $29.88 and the 23.6% FIB of $29.70, Binance Coin rallied to a Tuesday current week high and a new swing hi $41.19.

Binance Coin broke through the first major resistance level at $37.12 and the second major resistance level at $40.63.

A late pullback on Tuesday, however, saw Binance Coin fall back to end the day at sub-$40 levels.

For the current week, Sunday through Tuesday, Binance Coin was up by 16.06% to $39.02.

2 consecutive days in the green that included a 6.70% rally on Monday and an 8.79% jump on Tuesday delivered the upside.

The near-term bullish trend remained intact, supported by the latest breakout. For the bears, a fall through the 62% FIB of $20 would form a near-term bearish trend.

It has been a particularly bullish year. Year-to-date, Binance Coin was up by 186%.

At the time of writing, Binance Coin was down by 3.33% to $37.72. A mixed start to the day on Wednesday saw Binance Coin rise to an early Wednesday morning high $39.94 before falling to a low $36.94.

Binance Coin briefly fell back through the first major resistance level at $37.12.

BNBUSD 301220 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the first major resistance level at $37.12 to bring the second major resistance level back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $40 levels.

Barring an extended crypto rally, the second major resistance level at $40.63 and the current week high $41.19 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $43 before any pullback. The third major resistance level sits at $47.87.

Failure to avoid a fall back through the first major resistance level at $37.12 would bring the 23.6% FIB of $33.00 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer well clear of the first major support level at $29.88.

Looking at the Technical Indicators

Major Support Level: $29.88

Major Resistance Level: $37.12

23.6% FIB Retracement Level: $33

38.2% FIB Retracement Level: $28

62% FIB Retracement Level: $20

The Crypto Daily – The Movers and Shakers – December 29th, 2020

Depositphotos_193678068_s-2019

Bitcoin, BTC to USD, rose by 3.09% on Monday. Reversing a 0.69% fall from Sunday, Bitcoin ended the day at $27,053.0.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $26,068.1 before making a move.

Steering clear of the first major support level at $25,279, Bitcoin rallied to an early afternoon intraday high $27,442.0.

Falling short of the first major resistance level at $27,723, however, Bitcoin briefly fell back to sub-$27,000 levels before wrapping up the day at $27,000 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $28,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,261 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Monday.

Ripple’s XRP slid by 12.73% to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Polkadot surged by 24.53% to lead the pack, with Cardano’s ADA rallying by 13.98%.

Binance Coin (+6.70%) and Ethereum (+6.66%) also found strong support on the day.

Bitcoin Cash SV (+1.63%), Chainlink (+3.89%), Crypto.com Coin (+3.66%), and Litecoin (+1.58%) trailed the front runners, however.

At the start of the week, the crypto total market cap fell to a Monday low $684.42bn before rising to a Monday high $738.60bn. At the time of writing, the total market cap stood at $711.79bn.

Bitcoin’s dominance rose to an early Monday high 70.81% before falling to a low 69.13%. At the time of writing, Bitcoin’s dominance stood at 69.88%.

This Morning

At the time of writing, Bitcoin was down by 0.97% to $26,790.0. A mixed start to the day saw Bitcoin rise to an early morning high $27,076.0 before falling to a low $26,736.1.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (+6.35%) and Bitcoin Cash SV (+1.00%) bucked the trend early on.

It was a bearish start for the rest of the majors, however.

At the time of writing, Ripple’s XRP was down by 3.68% to lead the way down.

BTCUSD 291220 daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $26,854 to bring the first major resistance level at $27,641 into play.

Support from the broader market would be needed for Bitcoin to break out from Monday’s high $27,442 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $27,500 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $28,500 before any pullback. The second major resistance level sits at $28,228.

Failure to move back through the $26,854 pivot would bring the first major support level at $26,267 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$26,000 levels. The second major support level sits at $25,481.

 

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 27/12/20

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Binance Coin

Binance Coin rose by 0.87% in the week ending 26th December. Following on from an 18.36% surge from the previous week, Binance Coin ended the week at $33.62.

It was a bullish start to the week. Binance Coin rose to a Sunday high $36.73 before hitting reverse.

Binance Coin broke through the first major resistance level at $36.57 before sliding to a Wednesday intraweek low $29.7.

The reversal saw Binance Coin test support at the 23.6% FIB of $29.7 before striking a Saturday intraweek high and a new swing hi $36.89.

Coming up against the first major resistance level at $36.57, however, Binance Coin eased back to end the week at $33 levels.

5 days in the green that included a 4.15% rally on Thursday delivered the upside for the week. A 6.48% slide on Monday and a 6.98% reversal on Wednesday pinned Binance Coin back, however.

For the week ahead

Binance Coin would need to avoid back through the $33.39 pivot to bring the first major resistance level at $37.12 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $36.89.

Barring an extended crypto rally, the first major resistance level and resistance at $38 would likely limit any upside in the week.

In the event of another crypto rally, could test resistance at $40 before any pullback. The second major resistance level sits at $40.63.

Failure to avoid a fall back through the $33.39 pivot would bring the first major support level at $29.88 and the 23.6% FIB of $29.7 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$26 levels and the 38.2% FIB of $25.2. The second major support level at $26.15 should limit the downside.

At the time of writing, Binance Coin was down by 0.33% to $33.50. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $34.22 before falling to a low $32.70.

Binance Coin left the major support and resistance levels untested early on.

BNBUSD 271220 Daily Chart

Litecoin

Litecoin rose by 4.97% in the week ending 26th December. Following on from a 56.44% jump from the previous week, Litecoin ended the week at $129.56.

It was a bearish start to the week. Litecoin fell to a Wednesday intraweek low $95.28 before making a move.

While steering clear of the first major support level at $88.96, Litecoin fell through the 23.6% FIB of $101.

Through the 2nd half of the week, however, Litecoin rallied to a Saturday intraweek high and a new swing hi $135.00.

Falling short of the first major resistance level at $137.74, however, Litecoin eased back to end the week at sub-$130 levels.

4 days in the green that included a 14.81% rally on Friday delivered the upside. An 8.91% slide on Monday and a 10.46% tumble on Wednesday limited the upside, however.

For the week ahead

Litecoin would need to avoid the $120 pivot to support a run at the first major resistance level at $144.61.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $135.00.

Barring an extended crypto rally, the first major resistance level and resistance at $150 would likely limit any upside.

In the event of another breakout, the second major resistance level at $159.67 and resistance at $160 would likely come into play.

Failure to avoid a fall through the $120 pivot would bring the 23.6% FIB of $109 and the first major support level at $104.89 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level sits at $80.23.

At the time of writing, Litecoin was up by 3.37% to $133.93. A mixed start to the week saw Litecoin fall to an early morning low $127.39 before striking a high $134.57.

Litecoin left the major support and resistance levels untested at the start of the week.

LTCUSD 271220 Daily Chart

Tron’s TRX

Tron’s TRX slid by 11.02% in the week ending 26th December. Reversing a 9.97% rally from the week prior, Tron’s TRX ended the week at $0.02779.

It was a mixed week. Tron’s TRX rose to a Sunday intraweek high $0.034017 before hitting reverse.

Falling short of the first major resistance level at $0.03531, Tron’s TRX slid to a Wednesday intraweek low $0.02353.

Tron’s TRX fell through the 23.6% FIB of $0.0291 and the first major support level at $0.02731.

Finding support at the second major support level at $0.02339, however, Tron’s TRX briefly revisited $0.030 levels before falling back.

The pullback saw Tron’s TRX fall back through the 23.6% FIB of $0.0291 to end the week at $0.027 levels.

4 days in the red that included a 14.46% tumble on Wednesday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to move through the $0.02845 pivot and 23.6% FIB of $0.0291 to support a run at the first major resistance level at $0.03336.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.033 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.034017 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03893 and resistance at $0.040 would likely come into play.

Failure to move through the $0.02845 pivot would bring the first major support level at $0.02287 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.020 levels. The second major support level sits at $0.01796.

At the time of writing, Tron’s TRX was up by 0.09% to $0.027815. A mixed start to the week saw Tron’s TRX fall to an early morning low $0.027002 before striking a high $0.028285.

Tron’s TRX left the major support and resistance levels untested at the start of the week.

TRXUSD 271220 Daily Chart

The Crypto Daily – Movers and Shakers – December 24th, 2020

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin, BTC to USD, fell by 2.50% on Wednesday. Partially reversing a 4.82% rally from Tuesday, Bitcoin ended the day at $23,208.0.

It was another mixed start to the day. Bitcoin rose to an early morning high $24,013.7 before hitting reverse.

Falling well short of the day’s major resistance levels, Bitcoin slid to a late morning low $22,855.0.

Steering clear of the first major support level at $22,832, Bitcoin rallied to an early afternoon intraday high $24,144.0.

Falling short of the first major resistance level at $24,296, Bitcoin slid to a late intraday low $22,655.0.

Bitcoin fell through the first major support level at $22,832 before a partial recovery to $23,200 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,733 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a particularly bearish day on Wednesday.

Ripple’s XRP tumbled by 41.71% to lead the way down.

Cardano’s ADA (-12.71%), Chainlink (-14.10%), and Litecoin (-10.44%) also saw heavy losses on the day.

Binance Coin (-6.98%), Bitcoin Cash SV (-9.02%), Crypto.com Coin (-2.98%), Ethereum (-8.11%), and Polkadot (-6.11%) also struggled, however.

In the current week, the crypto total market cap rose to a Monday high $671.50bn before sliding to a Monday low $601.73bn. At the time of writing, the total market cap stood at $607.39bn.

Bitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 70.75%. At the time of writing, Bitcoin’s dominance stood at 70.18%.

This Morning

At the time of writing, Bitcoin was down by 1.06% to $22,962.0. A bearish start to the day saw Bitcoin fall from an early morning high $23,211.4 to a low $22,791.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Polkadot and Ripple’s XRP were up by 0.31% and by 2.97% to buck the trend early on.

It was a bearish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was down by 6.31% to lead the way down.

BTCUSD 241220 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $23,336 to bring the first major resistance level at $24,016 into play.

Support from the broader market would be needed for Bitcoin to break back through to $24,000 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high of $24,144.0 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $24,500 before any pullback. The second major resistance level sits at $24,825.

Failure to move through the $23,336 pivot would bring the first major support level at $22,526 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$22,000 levels. The second major support level sits at $21,847.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 23/12/20

Closeup hand holding bitcoin over the Cryptocurrency trading scr

Binance Coin Price Resistance

It’s been a choppy 1st half of the week for Binance Coin.

A mixed start to the week saw Binance Coin rise to a Sunday current week high $36.73 before hitting reverse.

Coming up against the first major resistance level at $36.57, Binance Coin fell to a Tuesday current week low $30.35.

While falling through the week’s $31.95 pivot level, Binance Coin avoided the first major support level at $28.71. Binance Coin also avoided the 23.6% FIB of $29.7 before a move back through to $33 levels.

For the current week, Sunday through Tuesday, Binance Coin was up by 0.63% to $33.54.

2 days in the green out of 3  delivered the upside early in the week. A 6.48% slide on Monday limited the upside, however.

The near-term bullish trend remained intact, in spite of the latest pullback. For the bears, a fall through the 62% FIB of $18 would form a near-term bearish trend.

It has been a particularly bullish year. Year-to-date, Binance Coin was up by 144%.

At the time of writing, Binance Coin was up by 1.25% to $33.96. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $33.17 before rising to a high $34.89.

Binance Coin left the major support and resistance levels untested early on.

BNBUSD 231220 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $31.95 pivot bring the first major resistance level at $36.57 back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $36 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $38 before any pullback. The second major resistance level sits at $39.81.

Failure to avoid a fall back through the $31.95 pivot level would bring the 23.6% FIB of $29.7 and the first major support level at $28.71 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer clear of sub-$29 levels and well clear of the 38.2% FIB of $25.21. The second major support level sits at $24.09.

Looking at the Technical Indicators

Major Support Level: $28.71

Major Resistance Level: $36.57

23.6% FIB Retracement Level: $29.7

38.2% FIB Retracement Level: $25.2

62% FIB Retracement Level: $18.0

The Crypto Daily – Movers and Shakers – December 22nd, 2020

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, fell by 3.05% on Monday. Following on from a 1.57% decline on Sunday, Bitcoin ended the day at $22,712.3.

It was another mixed start to the day. Bitcoin rose to an early morning intraday high $24,077.0 before hitting reverse.

Coming up against the first major resistance level at $24,080, Bitcoin slid to a mid-day intraday low $21,884.0.

The sell-off saw Bitcoin fall through the first major support level at $22,937 and the second major support level at $22,445.

Finding support in the 2nd half of the day, Bitcoin briefly revisited $23,200 levels before sliding back to sub-$23,000.

Bitcoin fell back through the first major support level to wrap up the day at $22,700 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,733 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was also a bearish start to the week.

Crypto.com Coin (-8.32%) and Litecoin (-8.91%) led the way down.

Binance Coin (-6.48%), Cardano’s ADA (-5.67%), Chainlink (-5.67%), and Ripple’s XRP (-7.43%) also saw heavy losses on the day.

Bitcoin Cash SV (-4.92%), Ethereum (-4.72%), and Polkadot (-2.94%) saw relatively modest losses, however.

At the start of the week, the crypto total market cap rose to a Monday high $666.88bn before sliding to a low $606.33bn. At the time of writing, the total market cap stood at $624.66bn.

Bitcoin’s dominance rose from a Monday low of 66.88% to a Monday high of 67.50%. At the time of writing, Bitcoin’s dominance stood at 67.25%.

This Morning

At the time of writing, Bitcoin was down by 0.55% to $22,587.9. A mixed start to the day saw Bitcoin rise to an early morning high $22,915.0 before falling to a low $22,587.9.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Ethereum (+0.14%), Litecoin (+0.71%), and Polkadot (+0.10%) found early support to buck the trend early on.

It was a bearish start for the rest of the majors, however.

At the time of writing, Crytpo.com Coin was down by 4.54% to lead the way down.

BTCUSD 221220 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $22,891 to bring the first major resistance level at $23,898 into play.

Support from the broader market would be needed for Bitcoin to break back through to $23,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $24,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $25,000 before any pullback. The second major resistance level sits at $25,084.

Failure to move through the $22,891 pivot would bring the first major support level at $21,705 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$21,000 levels. The second major support level sits at $20,698.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 20/12/20

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Binance Coin

Binance Coin surged by 18.36% in the week ending 19th December. Reversing a 5.28% fall from the previous week, Binance Coin ended the week at $33.33.

It was a mixed start to the week. Binance Coin rose to a Wednesday high $32.78 before hitting reverse.

Binance Coin broke through the first major resistance level at $30.27 and the second major resistance level at $32.38.

More significantly, Binance Coin also broke through the 23.6% FIB at $29.7.

The reversal saw Binance Coin slide back through the resistance levels and 23.6% FIB to a Wednesday intraweek low $27.33.

Steering clear of the first major support level at $26.25, however, Binance Coin rallied to a Saturday intraweek high $35.19.

Binance Coin broke back through the first major resistance level at $30.27 and the second major resistance level at $32.38 and the 23.6% FIB.

A bearish end to the day on Saturday saw Binance Coin ease back to end the week at $33 levels.

5 days in the green that included a 7.44% rally on Saturday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid the $31.95 pivot to bring the first major resistance level at $36.57 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $35.19.

Barring an extended crypto rally, the first major resistance level and resistance at $37 would likely limit any upside in the week.

In the event of another crypto rally, could test resistance at $40 before any pullback. The second major resistance level sits at $39.81.

Failure to avoid a fall through the $31.95 pivot would bring the 23.6% FIB of $29.7 and the first major support level at $28.71 into play.

Barring a crypto sell-off, Binance Coin should steer well clear of the 38.2% FIB of $25.2 and sub-$25 levels. The second major support level sits at $24.09.

At the time of writing, Binance Coin was down by 0.27% to $33.24. A mixed start to the week on Sunday saw Binance Coin rise to an early morning high $33.86 before falling to a low $32.42.

Binance Coin left the major support and resistance levels untested early on.

Litecoin

Litecoin surged by 56.44% in the week ending 19th December. Reversing a 7.86% slide from the previous week, Litecoin ended the week at $120.02.

It was a particularly bullish week. Litecoin rallied from a Sunday intraweek low $75.62 to a Saturday intraweek high $124.40.

The extended rally saw Litecoin break through the week’s major resistance levels and the 62% FIB of $100.

Litecoin also formed a near-term bullish trend in the week, after consolidating its move through the 62% FIB.

6 days in the green that included a 14.28% rally on Wednesday and a 9.66% rally on Saturday delivered the upside.

For the week ahead

Litecoin would need to avoid the $106.68 pivot to support a run at the first major resistance level at $137.74.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $124.40.

Barring an extended crypto rally, the first major resistance level and resistance at $140 would likely limit any upside.

In the event of another breakout, the second major resistance level at $155.46 and resistance at $160 would likely come into play.

Failure to avoid a fall through the $106.68 pivot would bring the 23.6% FIB of $101  into play.

Barring an extended crypto sell-off, however, Litesoin should avoid the first major support level at $88.96 and 38.2% FIB of $86. The second major support level sits at $57.90.

At the time of writing, Litecoin was down by 2.17% to $117.42. A bearish start to the week on Sunday saw Litecoin fall from an early morning high $120.24 to a low $115.16.

Litecoin left the major support and resistance levels untested at the start of the week.

LTCUSD 201220 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 9.97% in the week ending 19th December. Reversing a 6.75% fall from the week prior, Tron’s TRX ended the week at $0.03123.

It was a mixed week. Tron’s TRX fell to a Wednesday intraweek low $0.02757 before making a move.

Steering clear of the first major support level at $0.02621, Tron’s TRX rallied to a Thursday intraweek high $0.03567 before easing back

The rally saw Tron’s TRX break through the first major resistance level at $0.03103 and the second major resistance level at $0.03366.

Tron’s TRX also broke through 23.6% FIB of $0.0291 before falling back to sub-$0.030 levels.

Finding support at the 23.6% FIB, Tron’s TRX bounced back to end the week at $0.031 levels. Breaking back through the 23.6% FIB, the first major resistance level at $0.03103 pinned Tron’s TRX back.

6 days in the green that included a 7.02% rally on Wednesday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to move back through the $0.03149 pivot to support a run at the first major resistance level at $0.03541.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.035 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.03567 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03959 and resistance at $0.040 would likely come into play.

Failure to move back through the $0.03149 pivot would bring the 23.6% FIB of $0.0291 and the first major support level at $0.02731 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.025 levels. The second major support level sits at $0.02339.

At the time of writing, Tron’s TRX was down by 0.84% to $0.03097. A mixed start to the week on Sunday saw Tron’s TRX rise to an early morning high $0.03173 before falling to a low $0.03049.

Tron’s TRX left the major support and resistance levels untested at the start of the week.

TRXUSD 201220 Daily Chart

The Crypto Daily – Movers and Shakers – December 17th, 2020

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Bitcoin, BTC to USD, surged by 9.55% on Wednesday. Following on from a 0.92% gain on Tuesday, Bitcoin ended the day at $21,318.0.

It was a mixed start to the day. Bitcoin slipped to an early morning intraday low $19,317.8 before making a move.

Steering clear of the first major support level at $19,150, Bitcoin rallied to a late intraday high and a new swing hi $21,444.0.

The breakout saw Bitcoin break through the day’s major resistance levels to strike an all-time high on the day.

The near-term bullish trend remained intact, supported by the breakthrough to $21,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,660 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day on Wednesday.

Polkadot slid by 6.69% to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Litecoin and Ripple’s XRP surged by 14.25% and by 21.67% respectively to lead the way.

Bitcoin Cash SV (+6.03%), Cardano’s ADA (+9.38%), Chainlink (+6.54%), and Ethereum (+8.30%) also found strong support.

Binance Coin (+3.70%) and Crypto.com Coin (+1.61%) trailed the front runners, however.

For the current week, the crypto total market cap fell to a Monday low $545.05bn before rising to a Wednesday high $620.92bn. At the time of writing, the total market cap stood at $612.97bn.

Bitcoin’s dominance fell to a Monday low 64.21% before rising to a Wednesday high 65.50%. At the time of writing, Bitcoin’s dominance stood at 65.03%.

This Morning

At the time of writing, Bitcoin was down by 0.49% to $21,213.0. A mixed start to the day saw Bitcoin rise to an early morning high $21,365.0 before falling to a low $21,200.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (-0.51%), Litecoin (-0.19%), Polkadot (-0.13%), and Ripple’s XRP (-1.05%) joined Bitcoin in the red.

It was a bullish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was up by 3.49% to lead the way.

BTCUSD 171220 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $22,693 to bring the first major resistance level at $22,069 into play.

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $21,444.0.

Barring an extended crypto rally, resistance at $22,000 would likely leave Bitcoin short of the first major resistance level at $22,069.

In the event of another extended crypto rally, Bitcoin could test resistance at $23,000 before any pullback. The second major resistance level sits at $22,820.

Failure to avoid a fall through the $20,693 pivot would bring the first major support level at $19,943 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$19,500 levels. The second major support level sits at $18,567.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 16/12/20

Closeup hand holding bitcoin over the Cryptocurrency trading scr

Binance Coin Price Resistance

It’s been a bullish 1st half of the week for Binance Coin.

A mixed start to the week saw Binance Coin rise from a Sunday current week low $27.69 to a Tuesday current week high $30.70.

Steering clear of the support levels, Binance Coin broke through the first major resistance level at $30.27.

More significantly, Binance Coin also fell back through the 23.6% FIB of $29.7 before hitting reverse.

A pullback from the Tuesday high saw Binance Coin fall back through the first major resistance level and the 23.6% FIB.

For the current week, Sunday through Tuesday, Binance Coin was up by 4.79% to $29.51.

2 consecutive days in the green at the start of the week delivered the upside. A 1.70% fall on Tuesday pared some of the gains, however.

The near-term bullish trend remained intact, in spite of the latest pullback. For the bears, a fall through the 62% FIB of $18 would form a near-term bearish trend.

It has been a particularly bullish year. Year-to-date, Binance Coin was up by 116%.

At the time of writing, Binance Coin was down by 0.82% to $29.27. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $29.56 before falling to a low $29.03.

Binance Coin left the major support and resistance levels untested early on.

BNBUSD 161220 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall through the $28.36 pivot bring the 23.6% FIB of $29.7 and the first major resistance level at $30.27 back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $30 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $33 before any pullback. The second major resistance level sits at $32.38.

Failure to avoid a fall through the $28.36 pivot level would bring the first major support level at $26.25 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer clear of the 38.2% FIB of $25.2. The second major support level sits at $24.34.

Looking at the Technical Indicators

Major Support Level: $26.25

Major Resistance Level: $30.27

23.6% FIB Retracement Level: $29.7

38.2% FIB Retracement Level: $25.2

62% FIB Retracement Level: $18.0