Binance Coin
Binance Coin rallied by 13.89% in the week ending 2nd December. Following a 0.87% gain from the previous week, Binance Coin ended the week at $38.29.
It was a choppy start to the week. Binance Coin slid to a Sunday intraweek low $29.90 before making a move.
The early pullback saw Binance Coin test support at the 23.6% FIB of $29.7 and the first major support level at $20.88.
Bullish through the rest of the week, however, Binance Coin surged to a Saturday intraweek high and a new swing hi $42.93.
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 Saturday, however, saw Binance Coin fall back through the second major resistance level to end the week at $38 levels.
4 days in the green that included a 6.7% gain on Monday and an 8.79% rally on Tuesday delivered the upside for the week.
For the week ahead
Binance Coin would need to avoid a fall through the $37.0 pivot to bring the first major resistance level at $44.2 into play.
Support from the broader market would be needed for Binance Coin to break out from last week’s high $42.9.
Barring an extended crypto rally, the first major resistance level and resistance at $45 would likely limit any upside in the week.
In the event of a breakout, Binance Coin could test the second major resistance level at $50.0.
Failure to avoid a fall through the $37.0 pivot would bring the 23.6% FIB of $34.3 and the first major support level at $31.15 and into play.
Barring a crypto sell-off, Binance Coin should steer well clear of sub-$30 levels and the 38.2% FIB of $29.0. The second major support level at sits $24.0.
At the time of writing, Binance Coin was down by 0.50% to $38.10. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $39.2 before falling to a low $37.2.
Binance Coin left the major support and resistance levels untested early on.
Litecoin
Litecoin rose by 5.84% in the week ending 2nd January. Following on from a 7.93% rally from the previous week, Litecoin ended the week at $137.13.
It was a mixed start to the week. Litecoin rose to a Sunday high $139.30 before hitting reverse.
Falling short of the first major resistance level at $144.61, Litecoin slid to a Tuesday intraweek low $120.00.
Avoiding a fall through the pivot level of $119.95, Litecoin steered clear of the 23.6% FIB of $109 and the first major support level at $104.89.
Finding support late in the week, Litecoin jumped to a Saturday intraweek high and a new swing high $142.21.
Continuing to fall short of the major resistance levels, Litecoin fell back to end the week at $137 levels.
4 days in the green that included an 8.38% rally on Saturday delivered the upside.
For the week ahead
Litecoin would need to avoid the $133.1 pivot to support a run at the first major resistance level at $146.2.
Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $142.21.
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 $155.3 and resistance at $160 would likely come into play.
Failure to avoid a fall through the $133.1 pivot would bring the first major support level at $124.0 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$120 levels and 23.6% FIB of $115. The second major support level sits at $110.9.
At the time of writing, Litecoin was up by 1.27% to $138.87. A mixed start to the week saw Litecoin fall to an early morning low $135.88 before striking a high $139.11.
Litecoin left the major support and resistance levels untested at the start of the week.
Tron’s TRX
Tron’s TRX slipped by 0.54% in the week ending 2nd January. Following an 11.02% slide from the week prior, Tron’s TRX ended the week at $0.02753.
It was a mixed week. Tron’s TRX rose to a Sunday intraweek high $0.03292 before hitting reverse. The early rally did see Tron’s TRX break through the 23.6% FIB of $0.0291, however.
Falling short of the first major resistance level at $0.03336, Tron’s TRX slid to a Saturday intraweek low $0.024997.
While steering clear of the first major resistance level at $0.02287, Tron’s TRX fell back through the 23.6% FIB of $0.0291.
Finding support late support at the end of the week, however, Tron’s TRX moved back through to $0.0275 levels to limit the loss.
4 days in the red that included a 6.20% tumble on Tuesday delivered the downside for the week.
For the week ahead
Tron’s TRX would need to move through the $0.02843 pivot and 23.6% FIB of $0.0291 to support a run at the first major resistance level at $0.03187.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.030 levels.
Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.03292 would likely cap any upside.
In the event of an extended rally, the second major resistance level at $0.03635 would likely come into play.
Failure to move through the $0.02843 pivot would bring the first major support level at $0.02395 into play.
Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02051.
At the time of writing, Tron’s TRX was down by 2.06% to $0.02682. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.02784 before falling to a low $0.02622
Tron’s TRX left the major support and resistance levels untested at the start of the week.
