Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 31/05/20

Coins of crypto currency are presented on a dark background. Virtual money concept.

Binance Coin

Binance Coin rose by 7.65% in the week ending 30th May. Following on from a 2.62% gain from the previous week, Binance Coin ended the week at $17.74.

A bearish start to the week saw Binance Coin fall to a Sunday intraweek low $15.54 before finding support.

Steering clear of the first major support level at $15.43, Binance Coin rallied to a late Saturday intraweek high $18.05.

Binance Coin broke through the first major resistance level at $17.54 to visit $18 levels for the first time 3-weeks.

Falling short of the second major resistance level at $18.60, Binance Coin eased back to end the week at $17 levels.

4 days in the green, which included a 3.6% rally on Thursday and 4.35% rally on Saturday delivered the upside.

For the week ahead

Binance Coin would need to avoid sub-$17.10 levels to bring the first major resistance level at $18.68 into play.

Support from the broader market would be needed for Binance Coin to break back through to $18 levels.

Barring a broad-based crypto rally, the first major resistance level and early Sunday’s high $18.26 would likely cap any upside.

In the event of a breakout, Binance Coin could test the 38.2% FIB of $19.4 and the second major resistance level at $19.62 before any pullback.

Failure to avoid sub-$17.10 levels could see Binance Coin struggle throughout the week.

A fall back through to sub-16.50 levels would bring the first major support level at $16.17 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$16 and last week’s low $15.54.

At the time of writing, Binance Coin was up by 1.00% to $17.92. A bullish start to the week saw Binance Coin rise from an early morning low $17.59 to a high $18.26.

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

BNB/USD 31/05/20 Weekly Chart

Litecoin

Litecoin rallied by 8.89% in the week ending 30th May. Following on from a 1.57% gain from the previous week, Litecoin ended the week at $47.75.

A relatively bearish start to the week saw Litecoin fall to a Monday intraweek low $41.76 before finding support.

Steering clear of the first major support level at $41.11, Litecoin struck a Saturday intraweek high $48.07.

Litecoin broke through the first major resistance level at $47.08 to hit $48 for the first time since 9th May.

While easing back to sub-$48 levels, Litecoin held above the first major resistance level.

4 days in the green, including a 7.30% rally on Saturday, delivered the upside for the week.

For the week ahead

Litecoin would need to avoid sub-$46 levels to support a run at the first major resistance level at $49.96.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $48.07.

Barring another extended crypto rally, the first major resistance level at $49.96 would likely cap any upside.

Failure to avoid sub-$46 levels could see Litecoin come under further pressure.

A fall back through to sub-$46 levels would bring the first major support level at $43.65 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $39.55.

At the time of writing, Litecoin was down by 0.63% to $47.45. A bearish start to the week saw Litecoin fall from an early morning high $47.81 to a low $47.38 on Sunday.

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

LTC/USD 31/05/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied by 9.13% in the week ending 30th May. Following on from a 0.27% gain from the previous week, Tron’s TRX ended the week at $0.016338.

A bearish start to the week saw Binance Coin fall to a Monday intraweek low $0.014117 before finding support.

Steering clear of the first major support level at $0.01404, Tron’s TRX rallied to Saturday intraweek high $0.016411.

Tron’s TRX broke through the first major resistance level at $0.01579 to wrap up the week at $0.016 levels.

4 days in the green that included a 9.26% rally on Saturday reversed a 5.29% slide from the previous Sunday.

For the week ahead

Tron’s TRX would need to avoid sub-$0.01560 levels to support a run at the first major resistance level at $0.01713.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.016411.

Barring another broad-based crypto rally, the first major resistance level at $0.01713 will likely cap any upside.

Failure to avoid sub-$0.01560 levels could see Tron’s TRX struggle throughout the week.

A fall back through to sub-$0.01560 levels would bring the first major support level at $0.01483 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.015 levels in the week.

At the time of writing, Tron’s TRX was down by 0.33% to $0.016284. A bearish start to the week saw Tron’s TRX fall from an early morning high $0.016379 to a low $0.016249 on Sunday.

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

TRX/USD 31/05/20 Weekly Chart

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 24/05/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin rose by 2.62% in the week ending 23rd May. Partially reversing an 8.38% fall from the previous week, Binance Coin ended the week at $16.48.

A particularly bullish start to the week saw Binance Coin rally to a Wednesday intraweek high $17.55 before hitting reverse.

Falling short of the first major resistance level at $17.73, Binance Coin slid to a Thursday intraweek low $15.44.

In spite of a 4.87% slide on Thursday, Binance Coin steered clear of the first major support level at $14.02.

Finding support at the end of the week, a 3.18% rally on Friday reversed the mid-week losses to deliver the upside for the week.

Thursday’s slide had all but reversed 3 consecutive days in the green at the start of the week.

In spite of the late in the week recovery, however, Binance Coin failed to move back through to $17 levels. A pullback on Saturday pinned Binance Coin back.

For the week ahead

Binance Coin would need to break through to $17 levels to bring the first major resistance level at $17.54 into play.

Support from the broader market would be needed for Binance Coin to break back through to $17 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $17.55 would likely cap any upside.

In the event of a breakout, Binance Coin could test the second major resistance level at $18.60 before any pullback.

Failure to move back through to $17 levels could see Binance Coin struggle throughout the week.

A fall back through to sub-$16.50 levels would bring the first major support level at $15.43 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$15 and the second major support level at $14.38.

At the time of writing, Binance Coin was up by 0.78% to $16.61. A bullish start to the week saw Binance Coin rise from an early morning low $16.36 to a high $16.67.

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

BNB/USD 24/05/20 Weekly Chart

Litecoin

Litecoin rose by 1.57% in the week ending 23rd May. Partially reversing a 7.84% slide from the previous week, Litecoin ended the week at $43.89.

A bullish start to the week saw Litecoin rise to a Monday intraweek high $47.50 before easing back.

Litecoin broke through the first major resistance level at $47.07 before falling back to $44 levels.

Through the middle of the week, the downward trend continued, with 2 consecutive days in the red on Wednesday and Thursday.

The reversal saw Litecoin fall to a Thursday intraweek low $41.53 before finding support.

Steering clear of the first major support level at $39.41, Litecoin recovered with a 3.6% rally on Friday to return to $44 levels.

In spite of 3.39% and 3.42% falls mid-week, 4-days in the green delivered the upside for the week. A bearish end to the week limited the upside, however.

For the week ahead

Litecoin would need to move back through to $44.30 levels to support a run at the first major resistance level at $47.08.

Support from the broader market would be needed, however, for Litecoin to break back through to $47 levels.

Barring an extended crypto rally, the first major resistance level at $47.08 and last week’s high $47.50 would likely cap any upside.

Failure to move through to $44.30 levels could see Litecoin come under further pressure.

A fall back through to $43 levels would bring the first major support level at $41.11 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $38.34.

At the time of writing, Litecoin was up by 0.43% to $44.08. A bullish start to the week saw Litecoin rise from an early morning low $43.74 to a high $44.19.

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

LTC/USD 24/05/20 Weekly Chart

Tron’s TRX

Tron’s TRX rose by 0.27% in the week ending 23rd May. Partially reversing a 6.79% slide from the previous week, Tron’s TRX ended the week at $0.014993.

It was a bullish start to the week, with Tron’s TRX seeing 3 consecutive days in the green before hitting reverse.

A Tuesday high $0.015590 saw Tron’s TRX fall short of the first major resistance level at $0.01634.

The reversal saw Tron’s TRX slide by 3.91% on Wednesday and by 4.91% on Thursday to a Thursday intraweek low $0.013882.

Steering clear of the first major support level at $0.01329, Tron’s TRX found support late in the week. A 4.10% rally on Friday and a 5th day in the green out of 7 on Saturday delivered the upside for the week.

A Saturday intraweek high $0.015629 came up short of the first major resistance level at $0.01634.

For the week ahead

Tron’s TRX would need to avoid sub-$0.01490 levels to support a run at the first major resistance level at $0.01579.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.015629.

Barring a broad-based crypto rally in the week, the first major resistance level at $0.01579 and last week’s high will likely cap any upside.

Failure to avoid sub-$0.01490 levels could see Tron’s TRX struggle throughout the week.

A fall back through to sub-$0.01490 levels would bring the first major support level at $0.01404 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support levels at $0.01309.

At the time of writing, Tron’s TRX was up by 0.05% to $0.015001. A range-bound start to the week saw Tron’s TRX rise from an early morning low $0.014971 to a high $0.015001.

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

TRX/USD 24/05/20 Weekly Chart

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 17/05/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

 Binance Coin fell by 8.38% in the week ending 16th May. Following on from a 4.33% decline from the previous week, Binance Coin ended the week at $16.08.

A particularly bearish start to the week saw Binance Coin tumble by 8.46% on Sunday to an intraweek low $13.62.

Binance Coin slid through the first major support level at $15.32 before finding support to wrap up the day at $15 levels.

A 2nd consecutive day in the red saw Binance Coin fall back through the first major support level on Monday.

The fall back to $13 levels was brief, however, with Binance Coin finding support mid-week.

3 consecutive days in the green led to a Thursday intraweek high $17.33 before sliding back into the red.

Falling short of the first major resistance level at $19.49, Binance Coin took a 4.18% hit on Friday.

The pullback saw Binance Coin test the first major support level before making a partial recovery on Saturday.

For the week ahead

Binance Coin would need to break through to $17 levels to bring the first major resistance level at $17.73 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $17.33.

Barring a broad-based crypto rally, resistance at $17 would likely leave Binance Coin short of the first major resistance level at $17.73.

In the event of a breakout, Binance Coin could test resistance at $19 levels before any pullback.

Failure to move back through to $17 levels could see Binance Coin struggle throughout the week.

A fall back through to sub-16 levels would bring the first major support level at $14.02 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of the second major support level at $11.97.

At the time of writing, Binance Coin was up by 0.77% to $16.20. A mixed start to the day saw Binance Coin fall to an early morning low $15.76 before striking a high $16.48.

Binance Coin left the major support and resistance levels untested in the early hours of Sunday morning.

BNB/USD 17/05/20 Weekly Chart

Litecoin

 Litecoin slid by 7.84% in the week ending 16th May. Following on from a 4.71% fall from the previous week, Litecoin ended the week at $43.27.

A particularly bearish start to the week saw Litecoin slide by 10.20% on Sunday and by 1.49% on Monday. The sell-off saw Litecoin fall from a Sunday intraweek high $47.00 to a Monday intraweek low $39.98.

Litecoin fell through the first major support level at $44.28 and second major support level at $41.61 before recovering to $41 levels.

Finding support mid-week, Litecoin saw green for 3 consecutive days to return to $44 levels before another pullback on Friday.

While falling back through the first major support level, Litecoin avoided the second major support level at $41.61.

A 4th day in the green on Saturday limited the downside for the week. Litecoin failed to break back through the first major support level, however.

For the week ahead

Litecoin would need to move back through to $44 levels to support a run at the first major resistance level at $47.07.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $47.00.

Barring an extended crypto rally, the first major resistance level at $47.07 and last week’s high would likely cap any upside.

Failure to move through to $44 levels could see Litecoin come under further pressure.

A fall back through to $42 levels would bring the first major support level at $39.41 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $35.54.

At the time of writing, Litecoin was up by 0.55% to $43.51. A bullish start to the week saw Litecoin rise from an early morning low $43.08 to a high $43.68.

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

LTC/USD 17/05/20 Daily Chart

Tron’s TRX/

 Tron’s TRX slid by 6.79% in the week ending 16th May. Following on from a 1.57% decline from the previous week, Tron’s TRX ended the week at $0.014962.

It was a particularly bearish start to the week. Tron’s TRX tumbled from a Sunday intraweek high 0.016052 to a Sunday intraweek low $0.013000.

The sell-off saw Tron’s TRX slide through the first major support level at $0.01529 and second major support level at $0.01445.

Finding support at the third major support level at $0.01294, Tron’s TRX recovered to $0.0144 levels before a 2nd sell-off on Monday.

A 2.26% fall saw Tron’s TRX fall back through the first and second major support levels before a mid-week rebound.

Three consecutive days in the green saw Tron’s TRX recover to a Thursday high $0.015417 before a Friday pullback.

While falling back through the first major support level, the second major support level at $0.01445 limited the downside.

Tracking the broader market, a bullish end to the week delivered a 4th day in the green to reduce the deficit for the week.

For the week ahead

Tron’s TRX would need to avoid sub-$0.01470 levels to support a run at the first major resistance level at $0.01634.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.016052.

Barring a broad-based crypto rally in the week, the first major resistance level at $0.01634 and last week’s high will likely cap any upside.

Failure to avoid sub-$0.01470 levels could see Tron’s TRX struggle throughout the week.

A fall back through to sub-$0.01470 levels would bring the first major support level at $0.01329 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.012 support levels.

At the time of writing, Tron’s TRX was up by 0.33% to $0.015011. A relatively bullish start to the week saw Tron’s TRX rise from an early morning low $0.014941 to a high $0.015072 on Sunday.

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

TRX/USD 17/05/20 Weekly Chart

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 10/05/20

Coins of crypto currency are presented on a dark background. Virtual money concept.

Binance Coin

Binance Coin fell by 4.33% in the week ending 9th May. Partially reversing a 5.46% gain from the previous week, Binance Coin ended the week at $16.79.

It was a mixed start to the week, with Binance Coin rising to an early Sunday high $18.04 before hitting reverse.

Falling well short of the first major resistance level at $19.49, Binance Coin slid to an early Thursday intraweek low $15.26.

Finding support at the first major support level at $15.25, Binance Coin found support late in the week to return to $17 levels. Binance Coin briefly revisited $18 levels on Thursday before easing back. A Thursday intraday high $18.26 came up short of the first major resistance level at $19.49, however.

4 consecutive days in the red, which included a 2.47% and 3.15% fall on Sunday and Wednesday, delivered the losses.

2 consecutive days in the green before a Saturday pullback did limit the damage at the end of the week, however.

For the week ahead

Binance Coin would need to break through to $16.80 levels to bring the first major resistance level at $18.28 into play.

Support from the broader market would be needed for Binance Coin to break back through to $18 levels.

Barring a broad-based crypto rally, resistance at $17 would likely leave Binance Coin short of the first major resistance level at $18.28.

In the event of a breakout, Binance Coin could test resistance at $19 levels before any pullback.

Failure to move back through to $16.80 levels could see Binance Coin struggle throughout the week.

A fall back through to the second major support level at $13.77 would bring sub-$12 levels into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of the third major support level at $10.77.

At the time of writing, Binance Coin was down by 11.26% to $14.895. A particularly bearish start to the week saw Binance Coin slide from an early morning high $17.02 to a low $13.62.

Binance Coin fell through the first major support level at $15.28 and the second major support level at $13.77.

BNB/USD 10/05/20 Weekly Chart

Litecoin

Litecoin fell by 4.71% in the week ending 9th May. Partially reversing a 10.85% rally from the previous week, Litecoin ended the week at $46.94.

A mixed start to the week saw Litecoin rise to an early Sunday intraweek high $49.99 before hitting reverse.

Falling short of the first major resistance level at $52.42, Litecoin slid to a Wednesday intraweek low $44.47.

Litecoin fell through the first major support level at $44.65 before finding support from the broader market.

Ending a run of 4 consecutive days in the red, Litecoin briefly bounced back to $49 levels. 2 consecutive days in the green cut the deficit for the week before a Saturday reversal.

For the week ahead

Litecoin would need to move back through to $47.20 levels to support a run at the first major resistance level at $49.80.

Support from the broader market would be needed, however, for Litecoin to break out from the first major support level at $44.28.

Barring an extended crypto rally, resistance at $45 would likely leave Litecoin short of the first major resistance level at $49.80.

Failure to move through to $47.20 levels could see Litecoin come under further pressure.

A fall back through to $40 levels would bring the third major support level at $36.09 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$40 support levels.

At the time of writing, Litecoin was down by 11.18% to $41.69. A bearish start to the week saw Litecoin fall from an early morning high $47.00 to a low $40.03.

Litecoin fell through the first major support level at $44.28 and the second major support level at $41.61.

LTC/USD 10/05/20 Weekly Chart

Tron’s TRX

Tron’s TRX fell by 1.57% in the week ending 9th May. Following a 16.64% rally from the previous week, Tron’s TRX ended the week at $0.016135.

A choppy start to the week saw Tron’s TRX fall to a Monday intraweek low $0.015132 before finding support.

Steering clear of the first major support level at $0.01455, Tron’s TRX bounced back to a Tuesday intraweek high 0.016650.

Falling short of the first major resistance level at $0.01737, Tron’s TRX slid back to $0.0154 levels before finding support.

Continuing to steer clear of the major support levels, Tron’s TRX returned to $0.0165 levels.

5 days in the red delivered the loss for the week.

For the week ahead

Tron’s TRX would need to move through to $0.016 levels to support a run at the first major resistance level at $0.01681.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the first major support level at $0.01529.

Barring a broad-based crypto rebound in the week, resistance at $0.016 would likely leave Tron’s TRX short of the first major resistance level.

Failure to move through to $0.016 levels could see Tron’s TRX struggle throughout the week.

A fall back through to sub-$0.014 levels would bring the third major support level at $0.01294 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.012 levels.

At the time of writing, Tron’s TRX was down by 11.99% to $0.014201. A bearish start to the week saw Tron’s TRX slide from an early morning high $0.01665 to a low $0.01300.

Tron’s TRX fell through the first major support level at $0.01529 and the second major support level at $0.01445.

TRX/USD 10/05/20 Weekly Chart

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 03/05/20

Coins of crypto currency are presented on a dark background. Virtual money concept.

Binance Coin

Binance Coin rose by 5.46% in the week ending 2nd May. Following on from a 20.48% rally from the previous week, Binance Coin ended the week at $17.57.

A choppy first half of the week saw Binance Coin fall to a Wednesday intraweek low $14.99 before making a move.

Steering clear of the first major support level at $14.41 and 23.6% FIB of $14.40, Binance Coin rallied to a Thursday intraweek high $19.16.

Binance Coin broke through the first major resistance level at $17.87 and second major resistance level at $19.10.

A reversal on the day saw Binance Coin slide back to sub-$16 levels to end the day in the red.

It was a bullish end to the week, however. Binance Coin broke back through the first major resistance level to visit $18 levels before easing back.

For the week, 5 days in the green delivered the upside, while a 2.57% fall on Thursday pinned Binance Coin back.

For the week ahead

Binance Coin would need to break through to $18.00 levels to bring the first major resistance level at $19.49 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $19.16.

Barring a broad-based crypto rally, the major resistance level at $19.49 and 38.2% FIB of $19.40 would likely cap any upside.

In the event of a breakout, Binance Coin could test resistance at $20 levels before any pullback.

Failure to move back through to $18.00 levels could see Binance Coin struggle in the week.

A fall back through to sub-$17.25 levels would bring the first major support level at $15.32 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$16 levels.

At the time of writing, Binance Coin was up by 0.48% to $17.65. A bullish start to the week saw Binance Coin rise from an early morning low $17.19 to a high $18.04.

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

BNB/USD 03/05/20 Weekly Chart

Litecoin

Litecoin rallied by 10.85% in the week ending 2nd May. Following on from a 0.43% gain from the previous week, Litecoin ended the week at $49.26.

A mixed start to the week saw Litecoin fall to a Monday intraweek low $43.19 before making a move.

Steering clear of the first major support level at $40.76, Litecoin rallied to a Thursday intraweek high $50.96.

Litecoin broke through the first major resistance level at $46.83 and the second major resistance level at $49.25.

A reversal on the day saw Litecoin fall back to sub-$46 levels before a late in the week rally.

Litecoin broke back through the first and second major resistance levels to wrap up the week at $49 levels.

5 days in the green, including a 6.66% rally on Wednesday delivered the upside for the week.

For the week ahead

Litecoin would need to move back through to $50 levels to support a run at the first major resistance level at $52.42.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $50.96.

Barring an extended crypto rally, the first major resistance level at $52.42 should limit any upside.

Failure to move through to $50 levels could see Litecoin come under further pressure.

A fall back through to sub-$47.80 levels would bring the first major support level at $44.65 into play.

Barring a broad-based crypto sell-off, however, Litecoin should steer clear of sub-$45 support levels.

At the time of writing, Litecoin was up by 0.63% to $49.57. A bullish start to the day saw Litecoin rise from an early morning low $49.19 to a high $49.99.

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

LTC/USD 03/05/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied by 16.64% in the week ending 2nd May. Following on from a 3.44% gain from the previous week, Tron’s TRX ended the week at $0.016308.

A particularly bullish start to the week saw Tron’s TRX rally from a Sunday intraweek low $0.013855 to a Thursday intraweek high $0.016669.

Tron’s TRX broke through the first major resistance level at $0.01474 and the second major resistance level at $0.01558.

A Thursday reversal saw Tron’s TRX fall back to $0.01490 levels before finding support late in the week.

The late rebound saw Tron’s TRX break back through the second major resistance level to wrap up the day at $0.016 levels.

For the week ahead

Tron’s TRX would need to avoid sub-$0.01560 levels to support a run at the first major resistance level at $0.01737.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.016669.

Barring an extended crypto rally in the week, resistance at $0.017 would likely leave Tron’s TRX short of the first major resistance level.

Failure to avoid sub-$0.01560 levels could see Tron’s TRX struggle in the week.

A fall back through to sub-$0.01560 levels would bring the first major support level at $0.01455 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.014 levels.

At the time of writing, Tron’s TRX was up by 0.45% to $0.016382. A bullish start to the week saw Tron’s TRX rise from an early morning low $0.016382 to a high $0.016598.

Tron’s TRX left the major support and resistance levels untested early on.

TRX/USD 03/05/20 Weekly Chart

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 26/04/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

 Binance Coin fell by 2.46% in the week ending 25th April. Following a 20.48% rally from the previous week, Binance Coin ended the week at $16.25.

A particularly bearish start to the week saw Binance Coin slide from a Sunday high $16.77 to a Tuesday intraweek low $14.75.

In spite of a 3.4% slide on Sunday and 6.6% tumble on Monday, Binance Coin steered clear of the first major support level at $14.41.

Binance Coin also steered clear of the 23.6% FIB of $14.40.

Finding support through the 2nd half of the week, Binance Coin rallied to a Thursday intraweek high 17.24.

In spite of 3 consecutive days in the green, Binance Coin fell short of the first major resistance level at $17.87.

A pullback to sub-$16 levels was short-lived on Friday, with a bullish end to the week limiting the loss for the week.

For the week ahead

Binance Coin would need to break through to $16.50 levels to bring the first major resistance level at $17.41 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $17.24.

Barring a broad-based crypto rally, the major resistance level at $17.41 would likely cap any upside.

In the event of a breakout, Binance Coin could test resistance at $19 levels before any pullback.

Failure to move back through to $16.50 levels could see Binance Coin struggle in the week.

A fall back through to sub-$15.50 levels would bring the first major support level at $14.92 into play.

Barring a crypto meltdown, however, Binance Coin should steer well clear of sub-$14 levels. The 23.6% FIB of $14.40 should limit any downside.

At the time of writing, Binance Coin was flat at $16.25. A range-bound start to the week saw Binance Coin rise from an early morning low $16.18 to a high $16.37.

BNB/USD 26/04/20 Weekly Chart

Litecoin

Litecoin rose by 0.43% in the week ending 25th April. Following on from a 3.76% gain from the previous week, Litecoin ended the week at $44.41.

Another bearish start to the week saw Litecoin fall from a Sunday high $44.39 to a Monday intraweek low $39.53.

Litecoin fell through the first major support level at $39.96 before rallying to a Saturday intraweek high $45.60.

In spite of the rebound, Litecoin fell short of the first major resistance level at $46.47 at the end of the week.

4 consecutive days in the green, before a Saturday pullback reversed 2 consecutive days in the red from the start of the week.

For the week ahead

Litecoin would need to move back through to $45 levels to support a run at the first major resistance level at $46.83.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $45.60.

Barring an extended crypto rally, the first major resistance level at $46.83 should limit any upside.

Failure to move through to $45 levels could see Litecoin come under further pressure.

A fall back through to sub-$43.20 levels would bring the first major support level at $40.76 into play.

Barring a broad-based crypto sell-off, however, Litecoin should steer clear of sub-$40 support levels.

At the time of writing, Litecoin was up by 0.34% to $44.56. A bullish start to the week saw Litecoin rise from an early morning low $44.27 to a high $45.00.

Litecoin steered clear of the major support and resistance levels early on.

LTC/USD 26/04/20 Weekly Chart

Tron’s TRX

Tron’s TRX rose by 3.44% in the week ending 25th April. Following on from a 6.71% gain from the previous week, Tron’s TRX ended the week at $0.013897.

Tracking the broader market, 2 consecutive days in the red saw Tron’s TRX fall to a Monday intraweek low $0.012231.

Tron’s TRX fell through the first major support level at $0.012320 before rallying to a Friday intraweek high $0.014329.

The rebound saw Tron’s TRX break through the first major resistance level at $0.01403 before easing back.

Following 2 consecutive days in the red, a run of 5 consecutive days in the green delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid sub-$0.01350 levels to support a run at the first major resistance level at $0.01474.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.014329.

Barring an extended crypto rally in the week, the first major resistance level at $0.01474 should limit any upside.

Failure to avoid sub-$0.01350 levels could see Tron’s TRX struggle in the week.

A fall back through to sub-$0.01350 levels would bring the first major support level at $0.01264 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.01139.

At the time of writing, Tron’s TRX was up by 0.89% to $0.014020. A bullish start to the week saw Tron’s TRX rise from an early morning low $0.013981 to a high $0.014051.

Tron’s TRX left the major support and resistance levels untested early on.

TRX/USD 26/04/20 Weekly Chart

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 19/04/20

Coins of crypto currency are presented on a dark background. Virtual money concept.

Binance Coin

Binance Coin rallied by 20.48% in the week ending 18th April. Following on from a 9.34% gain from the previous week, Binance Coin ended the week at $16.65.

A choppy start to the week saw Binance Coin fall to a Monday intraweek low $13.40, which came in spite of daily gains on Sunday and Monday.

Steering clear of the first major support level at $12.89, Binance Coin rallied to a Saturday intraweek high $16.86.

Binance Coin broke through the first major resistance level at $15.16 and second major resistance level at $16.50.

Of greater significance, however, was a move through the 23.6% FIB of $14.44.

While 5-days in the green delivered the upside for the week, a 6.84% fall in Wednesday limited the gains.

For the week ahead

Binance Coin would need to break through to $17 levels to bring the first major resistance level at $17.87 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $16.86.

Barring a broad-based crypto rally, the major resistance level at $17.87 would likely cap any upside.

In the event of a breakout, Binance Coin could test resistance at $19 levels before any pullback.

Failure to move back through to $17 levels could see Binance Coin struggle in the week.

A fall back through to sub-$15.65 levels would bring the first major support level at $14.41 and the 23.6% FIB into play.

Barring a crypto meltdown, however, Binance Coin should steer well clear of sub-$14 levels.

At the time of writing, Binance Coin was down by 0.80% to $16.52. A bearish start to the week saw Binance Coin fall from an early morning high $16.69 to a low $16.32.

BNB/USD 19/04/20 Weekly Chart

Litecoin

Litecoin rose by 3.76% in the week ending 18th April. Following on from a 4.39% gain from the previous week, Litecoin ended the week at $44.20.

Another bearish start to the week saw Litecoin fall from a Sunday high $43.75 to a Thursday intraweek low $38.00.

Litecoin fell through the first major support level at $39.14 before rallying to a Saturday intraweek high $44.51.

In spite of the rebound, Litecoin fell short of the first major resistance level at $46.88 at the end of the week.

An 8.4% rally on Thursday reversed 4 consecutive days in the red to support the upside in the week.

For the week ahead

Litecoin would need to move back through to $44 levels to support a run at the first major resistance level at $46.47.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $44.51.

Barring an extended crypto rally, resistance at $45 would likely leave Litecoin short of the first major resistance level.

Failure to move through to $44 levels could see Litecoin come under further pressure.

A fall back through to sub-$42.30 levels would bring the first major support level at $39.96 into play.

Barring a broad-based crypto sell-off, however, Litecoin should steer clear of sub-$39 support levels.

At the time of writing, Litecoin was 0.79% to $43.85. A bearish start to the week saw Litecoin fall from an early morning high $44.39 to a low $43.61.

LTC/USD 19/04/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied by 6.71% in the week ending 18th April. Following on from a 3.91% gain from the previous week, Tron’s TRX ended the week at $0.013413.

A mixed start to the week saw Tron’s TRX rise to a Sunday high $0.013436 before sliding to a Thursday intraweek low $0.011842.

Steering clear of the major resistance levels, Tron’s TRX came within range of the first major support level at $0.01159.

Finding support on Thursday, Tron’s TRX bounced back to strike a Saturday intraweek high $0.013553.

Falling short of the first major resistance level at $0.01376, Tron’s TRX eased back to sub-$0.01350 levels.

The upside in the week came in spite of 4-days in the red.

For the week ahead

Tron’s TRX would need to avoid sub-$0.13 levels to support a run at the first major resistance level at $0.01403.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.013553.

Barring an extended crypto rally in the week, the first major resistance level at $0.01403 should limit any upside.

Failure to avoid sub-$0.13 levels could see Tron’s TRX struggle in the week.

A fall back through to sub-$0.01290 levels would bring the first major support level at $0.01232 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.01123.

At the time of writing, Tron’s TRX was down by 0.91% to $0.013291. A bearish start to the week saw Tron’s TRX fall from an early morning high $0.013436 to a low $0.013265.

TRX/USD 19/04/20 Weekly Chart

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 12/04/20

Bitcoin and Litecoin over dollar banknotes.

Binance Coin

Binance Coin rose by 9.34% in the week ending 11th April. Following on from a 12.64% rally from the previous week, Binance Coin ended the week at $13.82.

A bearish start to the week saw Binance Coin fall by 0.90% on Sunday to an intraweek low $13.30 before finding support.

Steering well clear of the first major support level at $11.81, Binance Coin rallied to a Tuesday intraweek high $15.57.

Off the back of an 11.3% rally on Monday, Binance Coin broke through 23.6% FIB of $14.40 and the first major resistance level at $15.02.

A pullback on Tuesday and an 8.5% slide on Friday saw Binance Coin slide back through the first major resistance level and 23.6% FIB of $14.4.

In spite of 4 days in the red out of 7, Binance Coin held onto $13 levels to end the week in the green.

For the week ahead

Binance Coin would need to break back through to $14.20 levels to bring the first major resistance level at $15.16 into play.

Support from the broader market would be needed for Binance Coin to break out from the 23.6% FIB of $14.4.

Barring a broad-based crypto rally, the major resistance level at $15.16 would likely cap any upside.

In the event of a breakout, Binance Coin could test resistance at $16 before any pullback.

Failure to move back through to $14.20 levels could see Binance Coin struggle in the week.

A fall back through last week’s low $13.30 would bring the first major support level at $12.89 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of the second major support level at $11.96.

At the time of writing, Binance Coin was down by 0.41% to $13.77. A mixed start to the week saw Binance Coin rise to an early morning high $14.03 before falling to a low $13.62.

BNB/USD 12/04/20 Weekly Chart

Litecoin

Litecoin rose by 4.39% in the week ending 11th April. Following on from a 4.93% gain from the previous week, Litecoin ended the week at $42.61.

A bearish start to the week saw Litecoin fall by 1.15% to a Sunday intraweek low $39.95 before finding support.

Steering clear of the first major support level at $37.57, Litecoin bounced back to a Tuesday intraweek high $47.69.

Litecoin broke through the first major resistance level at $46.88 and second major resistance level at $46.28 before sliding back.

Reversing an 11.7% rally from Monday, Litecoin saw 3 days in the red out of 4 to end the week at $42 levels. An 8.49% slide on Friday ate into the gains from earlier in the week.

For the week ahead

Litecoin would need to move back through to $43.40 levels to support a run at the first major resistance level at $46.88.

Support from the broader market would be needed, however, for Litecoin to break out from $45 levels.

Barring an extended crypto rally, resistance at $45 would likely leave Litecoin short of the first major resistance level.

Failure to move through to $43.40 levels could see Litecoin come under further pressure.

A fall back through to sub-$40 levels would bring the first major support level at $39.14 into play.

Barring a broad-based crypto sell-off, however, Litecoin should steer clear of sub-$39 support levels.

At the time of writing, Litecoin was down by 1.27% to $42.07. A bearish start to the week saw Litecoin fall from an early morning high $42.81 to a low $41.90.

LTC/USD 12/04/20 Weekly Chart

Tron’s TRX

Tron’s TRX gained 3.91% in the week ending 11th April. Following on from a 5.59% rise from the previous week, Tron’s TRX ended the week at $0.012516.

A bullish start to the week saw Tron’s TRX rally to a Tuesday intraweek high $0.014069 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.1289 and second major resistance level at $0.1373.

The breakthrough came off the back of 2 consecutive days in the green, which included a 9.1% rally on Monday.

Bearish through the rest of the week, however, led to a slide back to $0.012040 on Friday before finding support.

3 days in the red out of 4, which included a 7.8% slide on Friday, left Tron’s TRX with modest gains from the week.

For the week ahead

Tron’s TRX would need to move through to $0.01280 levels to support a run at the first major resistance level at $0.01376.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.013 levels.

Barring an extended crypto rally in the week, the first major resistance level at $0.01376 should leave Tron’s TRX short of $0.014 levels.

Failure to move back through to $0.1280 levels could see Tron’s TRX struggle in the week.

A fall back through last week’s low $0.11896 would bring the first major support level at $0.01159 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.01065.

At the time of writing, Tron’s TRX was down by 1.17% to $0.012369. A bearish start to the week saw Tron’s TRX fall from an early morning high $0.012569 to a low $0.012365.

TRX/USD 12/04/20 Weekly Chart

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 05/04/20

crypto currency mining concept

Binance Coin

Binance Coin rallied by 12.64% in the week ending 4th April. Following on from a 0.74% gain from the previous week, Binance Coin ended the week at $13.81.

A bearish start to the week saw Binance Coin slide by 7.59% last Sunday, leading to a Monday intraweek low $11.03.

Steering well clear of the first major support level at $10.69, Binance Coin rallied to a Saturday intraweek high $14.24.

6 consecutive days in the green that included a 7.83% rebound on Monday delivered the upside for the week.

For the week ahead

Binance Coin would need to break back through to $14 levels to bring the first major resistance level at $15.02 into play.

Support from the broader market would be needed for Binance Coin to break out from the 23.6% FIB of $14.4.

Barring a broad-based crypto rally, the first major resistance level at $15.02 would likely cap any upside.

In the event of a breakout, Binance Coin could test resistance at $16 before any pullback.

Failure to move back through to $14 levels could see Binance Coin struggle in the week.

A fall back through to sub-$13 levels would bring the first major support level at $11.81 into play

Barring another crypto meltdown, however, Binance Coin should steer clear of sub-$12 levels.

At the time of writing, Binance Coin was up by 0.61% to $13.90. A bullish start to the week on Sunday saw Binance Coin rise from an early morning low $13.64 to a high $14.09 before easing back.

BNB/USD 05/04/20 Weekly Chart

Litecoin

Litecoin rose by 4.93% in the week ending 4th April. Following on from a 1.35% gain from the previous week, Litecoin ended the week at $40.85.

A bearish start to the week saw Litecoin slide by 4.63% last Sunday, leading to a Sunday intraweek low $37.01 before finding support.

Steering clear of the first major support level at $35.14, Litecoin bounced back to a Thursday intraweek high $43.00.

Litecoin broke through the first major resistance level at $42.06 before easing back.

6 consecutive days in the green delivered the upside in the week.

For the week ahead

Litecoin would need to steer clear of sub-$40.30 levels to support a run at the first major resistance level at $43.56.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $43.00.

Barring an extended crypto rally, the first major resistance at $43.56 would likely limit any upside in the week.

Failure to steer clear of sub-$40.30 levels could see Litecoin come under further pressure.

A fall back through to sub-$40 levels would bring the first major support level at $37.57 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$37 support levels.

At the time of writing, Litecoin was up by 0.24% to $40.95. A mixed start to the day saw Litecoin rise to an early morning high $41.11 before falling to a low $40.63.

LTC/USD 05/04/20 Weekly Chart

Tron’s TRX

Tron’s TRX rose by 5.59% in the week ending 4th April. Following on from a 2.01% gain from the previous week, Tron’s TRX ended the week at $0.01204.

Tracking the broader market, Tron’s TRX fell by 6.45% on Sunday, leading to a Monday intraweek low $0.010672.

Steering clear of the first major support level at $0.01032, Tron’s TRX rallied to a Thursday intraweek high $0.012626.

Tron’s TRX broke through the first major resistance level at $0.01234 before easing back to sub-$0.012 levels. A bullish end to the week saw Tron’s TRX wrap up the week at $0.012 levels.

6 consecutive days in the green reversed last Sunday’s pullback that included a 7.45% Monday rebound delivered the weekly gain.

For the week ahead

Tron’s TRX would need to steer clear of sub-$0.01180 levels to support a run at the first major resistance level at $0.01289.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.012626.

Barring an extended crypto rally in the week, the first major resistance level at $0.012626 should leave Tron’s TRX short of $0.013 levels.

Failure to steer clear of sub-$0.01180 levels could see Tron’s TRX struggle in the week.

A fall back through to sub-$0.01180 levels would bring the first major support level at $0.01093 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.010 levels.

At the time of writing, Tron’s TRX was down by 0.27% to $0.012008. A mixed start to the day saw Tron’s TRX rise from an early morning low $0.012008 to a high $0.012080 before falling back to the low.

TRX/USD 05/04/20 Weekly Chart

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 29/03/20

Bitcoin and Litecoin over dollar banknotes.

Binance Coin

Binance Coin rose by 0.74% in the week ending 28th March. Following on from a 19.45% rally from the previous week, Binance Coin ended the week at $12.21.

A bearish start to the week saw Binance Coin slide by 7.8% on Sunday, leading to a Monday intraweek low $10.59.

Steering well clear of the first major support level at $8.73, Binance Coin rallied to a Friday intraweek high $13.54.

A 9.66% rebound on Monday and 7.24% rally on Thursday drove Binance Coin to the week high before hitting reverse.

2-consecutive days in the red on Friday and Saturday, including a 6.6% loss on Friday, cut the gains for the week.

For the week ahead

Binance Coin would need to break back through to $13 levels to bring the first major resistance level at $13.64 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $13.54.

Barring a broad-based crypto rally, the first major resistance level at $13.64 would likely cap any upside.

In the event of a breakout, resistance at $14 would likely leave Binance Coin short of the 23.6% FIB of $14.4.

Failure to move back through to $13 levels could see Binance Coin struggle in the week.

A fall back through to sub-$12.1 levels would bring the first major support level at $10.69 into play

Barring another crypto meltdown, however, Binance Coin should steer clear of sub-$10 levels.

At the time of writing, Binance Coin was down by 1.23% to $12.06. A Bearish start to the week saw Binance Coin fall from a Sunday morning high $12.30 to a low $12.01.

BNB/USD 29/03/20 Weekly Chart

Litecoin

Litecoin rose by 1.35% in the week ending 28th March. Following on from an 11.57% rally from the previous week, Litecoin ended the week at $38.91.

A bearish start to the week saw Litecoin slide by 7.66% on Sunday, leading to a Monday intraweek low $34.51.

Steering clear of the first major support level at $30.38, Litecoin bounced back to a Friday intraweek high $41.43.

The upside came off the back of a 10.35% rally on Monday.

A choppy end to the week, however, saw Litecoin fall back to sub-$40 levels, with a 6% slide on Friday limiting the upside in the week.

Litecoin had fallen well short of the first major resistance level at $45.18 on Friday before the pullback.

For the week ahead

Litecoin would need to move back through to $40 levels to support a run at the first major resistance level at $42.06.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $41.43.

Barring an extended crypto rally, the first major resistance at $42.06 would likely limit any upside in the week.

Failure to move back through to $40 levels could see Litecoin come under further pressure.

A fall back through to sub-$38 levels would bring the first major support level at $35.14 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$30 levels. The second major support level at $31.36 should limit any downside in the week.

At the time of writing, Litecoin was down by 0.75% to $38.62. A bearish start to the week saw Litecoin fall from an early morning high $39.19 to a low $38.35.

LTC/USD 29/03/20 Weekly Chart

Tron’s TRX

Tron’s TRX rose by 2.01% in the week ending 28th March. Following on from a 15.45% rally from the previous week, Tron’s TRX ended the week at $0.011448.

Tracking the broader market, Tron’s TRX fell by 8.67% on Sunday, leading to a Monday intraweek low $0.01009.

Steering clear of the first major support level at $0.00893, Tron’s TRX rallied to a Friday intraweek high $0.012107, supported by a 10.58% rebound on Monday.

Falling short of the first major resistance level at $0.01316, Tron’s TRX fell back to sub-$0.011 levels before finding late support.

A 6.06% slide on Friday limited the upside in the week.

For the week ahead

Tron’s TRX would need to move back through to $0.012 levels to support a run at the first major resistance level at $0.01234.

Support from the broader market would be needed, however, for Tron’s TRX to break back out from last week’s high $0.012107.

Barring an extended crypto rally in the week, the first major resistance level at $0.01234 should cap any upside.

Failure to move through to $0.012 levels could see Tron’s TRX struggle in the week.

A fall back through to sub-$0.01122 levels would bring the first major support level at $0.01032 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.0090 levels. The second major support level at $0.00920 should limit any downside.

At the time of writing, Tron’s TRX was down by 1.41% to $0.011287. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.011403 to a low $0.011274.

TRX/USD 29/03/20 Weekly Chart