Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 05/07/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin rose by 2.91% in the week ending 4th July. Partially reversing a 5.79% slide from the previous week, Binance Coin ended the week at $15.56.

It was a mixed start to the week. Binance Coin fell to a Sunday intraweek low $14.89 before making a move.

Steering clear of the first major support level at $14.29, Binance Coin rallied to a Wednesday intraweek high $16.04.

Coming up short of the first major resistance level at $16.45, Binance Coin fell back to a mid-week low $15.01 and into the red.

A bullish end to the week saw Binance Coin rise by 1.90% to deliver most of the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $15.50 pivot to bring the first major resistance level at $16.10 into play.

Support from the broader market would be needed for Binance Coin to break back through to $16 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $16.04 would likely cap any upside.

In the event of a breakout, Binance Coin could take a run at the second major resistance level at $16.65 before any pullback.

Failure to avoid a fall through the $15.50 pivot would bring the first major support level at $14.95 into play.

Barring a crypto sell-off, Binance Coin should avoid the 23.6% FIB of $14.4 and the second major support level at $14.35.

At the time of writing, Binance Coin was up by 0.09% to $15.58. A mixed start to the week saw Binance Coin fall to an early morning low $15.54 before rising to a high $15.61.

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

BNB/USD 05/07/20 Weekly Chart

Litecoin

Litecoin rose by 2.73% in the week ending 4th July. Partially reversing a 5.79% slide from the previous week, Litecoin ended the week at $42.15.

It was a bullish start to the week. Litecoin rose to a Monday high $42.24 before falling to a Thursday intraweek low $40.32.

Steering well clear of the first major support level at $38.59, Litecoin bounced back to a Saturday intraweek high $42.25.

Falling well short of the first major resistance level at $44.07, Litecoin eased back to sub-$42 before wrapping up the week at $42 levels

5-days in the green that included a 2.43% rally on Saturday delivered the upside.

For the week ahead

Litecoin would need to avoid a fall through the $41.57 pivot to support a run at the first major resistance level at $42.83.

Support from the broader market would be needed, however, for Litecoin to break out from $42.5 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $42.25 would likely cap any upside.

Failure to avoid a fall through the $41.57 pivot could see Litecoin come under further pressure.

A fall through to sub-$41 levels would bring the first major support level at $40.90 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $39.64.

At the time of writing, Litecoin was down by 0.40% to $41.98. A mixed start to the week saw Litecoin rise to an early morning high $42.22 before falling to a low $41.96.

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

LTC/USD 05/07/20 Weekly Chart

Tron’s TRX

Tron’s TRX rallied by 8.81% in the week ending 4th July. Reversing a 2.76% fall slide from the previous week, Tron’s TRX ended the week at $0.016789.

It was a bullish start to the week. Tron’s TRX rallied from a Sunday intraweek low $0.015326 to a Thursday intraweek high $0.017251.

Steering clear of the first major support level at $0.01466, Tron’s TRX broke through the first major resistance level at $0.01660.

Coming up short of the second major resistance level at $0.01769, Tron’s TRX eased back to sub-$0.01650 levels.

A bullish end to the week saw Binance Coin break back through the first major resistance level at $0.01660.

6 days in the green that included a 2.93% rally on Monday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.01646 pivot to support a run at the first major resistance level at $0.01758.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.017 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.017251 would likely cap any upside.

In the event of a breakout, Tron’s TRX could eye $0.018 levels before any pullback. The second major resistance level at $0.01838 would likely cap any upside, however.

Failure to avoid a fall through the $0.01646 pivot would bring the first major support level at $0.01566 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should avoid sub-$0.015 levels and the second major support level at $0.01453.

At the time of writing, Tron’s TRX was down by 0.15% to $0.016764. A mixed start to the week saw Tron’s TRX rise an early high $0.016850 before falling to a low $0.016764.

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

TRX/USD 05/07/20 Weekly Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 01/07/20

crypto currency mining concept

Binance Coin Price Resistance

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

Binance Coin rallied from a Sunday current week low $14.89 to a Monday current week high $15.77 before easing back.

Steering clear of the first major support level at $14.29, Binance Coin also fell well short of the first major resistance level at $16.45. The breakout did see Binance Coin move through the week’s pivot level at $15.60 before the pullback.

A mixed day on Tuesday saw Binance Coin ease back through the pivot to sub-$15.40 levels before finding support.

Avoiding a return to sub-$15 levels was key as the broader market struggled on the day on Tuesday.

For the current week, Sunday through Tuesday, Binance Coin was up by 1.79% to $15.39. 2 consecutive days in the green delivered the upside, while a 0.51% fall on Tuesday, limited early progress…

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It’s had been a relatively bullish start to the year before the current downtrend. Having been up by as much as 101% year-to-date, Binance Coin was up by just 12.75% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.23% to $15.35. A bearish start to the day saw Binance Coin fall from an early morning high $15.48 to a low $15.30.

Binance Coin steered clear of the major support and resistance levels in the early part of the day.

BNB/USD 01/07/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through the $15.60 pivot to support another run at the first major resistance level at $16.45.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $15.77.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $16.92 would likely cap any upside.

In the event of another breakout, the second major resistance level at $17.76 could come into play. Expect plenty of resistance at $17, however.

Failure to move back through the $15.60 pivot could see Binance Coin fall deep into the red.

A pullback through to sub-$15 levels would bring the first major support level at $14.29 back into play.

Barring an extended crypto sell-off, however, Binance Coin should avoid sub-$14 levels.

Looking at the Technical Indicators

Major Support Level: $14.29

Major Resistance Level: $16.45

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 28/06/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin slid by 5.79% in the week ending 27th June. Following on from a 4.52% fall from the previous week, Binance Coin ended the week at $15.13.

It was a mixed start to the week. Binance Coin slipped by 0.58% on Sunday before finding support on Monday.

An early in the week rally saw Binance Coin rise to a Monday intraweek high $16.92 before hitting reverse.

Coming up against the first major resistance level at $16.83, Binance Coin slid to Saturday intraweek low $14.76.

The sell-off saw Binance Coin fall through the first major support level at $15.34 before finding support.

In spite of a move back through to $15 levels, however, Binance Coin failed to break back through the first major support level.

5 consecutive days in the red that included a 3.87% slide on Saturday reversed a 3.45% gain from last Monday.

For the week ahead

Binance Coin would need to move through to $15.60 levels to bring the first major resistance level at $16.45 into play.

Support from the broader market would be needed for Binance Coin to break back through to $16 levels.

Barring a broad-based crypto rally, the first major resistance level at $16.45 would likely cap any upside.

In the event of a breakout, Binance Coin could take a run at the second major resistance level at $17.76 before any pullback.

Failure to move through to $15.60 levels could see Binance Coin struggle throughout the week.

A fall back through sub-$15 levels would bring the 23.6% FIB of $14.4 and the first major support level at $14.29 into play.

Barring another crypto meltdown, Binance Coin should avoid the second major support level at $13.44.

At the time of writing, Binance Coin was down by 0.64% to $15.03 on Sunday. A bearish start to the week saw Binance Coin fall from an early morning high $15.13 to a low $14.99.

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

BNB/USD 28/06/20 Weekly Chart

Litecoin

Litecoin slid by 5.79% in the week ending 27th June. Following on from a 3.42% decline from the previous week, Litecoin ended the week at $41.04.

It was a bearish start to the week. Litecoin fell to an early Sunday low $42.82 before finding support on Monday.

Tracking the broader market, Litecoin rallied to a Monday intraweek high $44.66 before hitting reverse.

Falling short of the first major resistance level at $45.16, Litecoin slid to a Saturday intraweek low $39.18.

Litecoin fell through the first major support level at $41.83 and the second major support level at $40.13.

A late Saturday move back through the second major support level cut the deficit for the week.

5-days in the red that included a 3.62% slide on Wednesday and a 4.67% slide on Saturday delivered the loss.

For the week ahead

Litecoin would need to move through the $41.63 pivot to support a run at the first major resistance level at $44.07.

Support from the broader market would be needed, however, for Litecoin to break out from $43 levels.

Barring another extended crypto rally, the first major resistance level and last week’s high $44.66 would likely cap any upside.

Failure to move through the $41.63 pivot could see Litecoin come under further pressure.

A fall through to sub-$40 levels would bring the first major support level at $38.59 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $36.15.

At the time of writing, Litecoin was down by 0.54% to $40.82. A bearish start to the week saw Litecoin fall from an early morning high $41.03 to a low $40.66.

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

LTC/USD 28/06/20 Weekly Chart

Tron’s TRX

Tron’s TRX fell by 2.76% in the week ending 27th June. Following on from a 3.78% slide from the previous week, Tron’s TRX ended the week at $0.015513.

It was a mixed start to the week. Tron’s TRX fell to a Sunday low $0.015799 before rallying to a Wednesday intraweek high $0.016841.

Tron’s TRX broke through the first major resistance level at $0.01679 before hitting reverse.

The reversal saw Tron’s TRX slide through the first major support level at $0.01517 to a Saturday intraweek low $0.014899.

Finding late support on Saturday, Tron’s TRX recovered to $0.0155 levels to limit the downside for the week.

4 consecutive days in the red that included a 3.44% slide on Wednesday delivered the loss for the week.

For the week ahead

Tron’s TRX would need to move through the $0.01575 pivot to support a run at the first major resistance level at $0.01660.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.016 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.016841 would likely cap any upside.

In the event of a breakout, Tron’s TRX could eye $0.017 levels before any pullback. The second major resistance level at $0.01769 would likely cap any upside, however.

Failure to move through the $0.01575 pivot could see Tron’s TRX spend a 4th consecutive week in the red.

A fall back through to sub-$0.015 levels would bring the first major support level at $0.01466 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.01381.

At the time of writing, Tron’s TRX was down by 1.18% to $0.015330. A bearish start to the week saw Tron’s TRX fall from an early Sunday high $0.015429 to a low $0.015330.

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

TRX/USD 28/06/20 Daily Chart

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 24/06/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

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

While mixed, it was a bullish start to the week. Reversing a 0.58% fall from Sunday, Binance Coin rallied by 3.45% on Monday to deliver the gains early on.

In spite of the upside, however, it was a choppy day on Monday. Binance Coin had fallen to a current week low $15.57 before striking a current week high $16.73 on the day.

Steering clear of the first major support level at $15.34, Binance Coin came within range of the first major resistance level at $16.83.

Going into Tuesday, a bearish start to the day saw Binance Coin fall back to $16.22 levels before finding support.

A recovery to $16.3 levels limited the loss on the day, to give Binance Coin a current week gain of 2.05%, Sunday through Tuesday.

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It’s had been a relatively bullish start to the year before the current downtrend. Having been up by as much as 101% year-to-date, Binance Coin was up by 20.07% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 0.08% to $16.40. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $16.32 before striking a high $16.47.

Binance Coin steered clear of the major support and resistance levels in the early part of the day.

BNB/USD 24/06/20 Weekly Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $16.10 pivot to support a run at the first major resistance level at $16.83.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $16.73.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $16.88 would likely cap any upside.

In the event of another breakout, the second major resistance level at $17.60 could come into play. Expect plenty of resistance at $17.

Failure to avoid a fall back through the $16.10 pivot could see Binance Coin fall deep into the red.

A pullback through to sub-$16 levels would bring the first major support level at $15.34 back into play.

Barring another extended crypto sell-off, however, Binance Coin should avoid sub-$15 levels.

Looking at the Technical Indicators

Major Support Level: $15.34

Major Resistance Level: $16.83

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 21/06/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin fell by 4.52% in the week ending 20th June. Following on from a 4.27% decline from the previous week, Binance Coin ended the week at $16.06.

It was another mixed start to the week for Binance Coin and the broader market.

Binance Coin rose to a Sunday intraweek high $16.88 before hitting reverse.

Falling well short of the first major resistance level at $17.91, Binance Coin slid to a Monday intraweek low $15.39.

Binance Coin fell through the first major support level at $15.73 before finding support.

A move back through to $16 levels on Monday reversed losses on the day before returning to the red mid-week.

Off the back of 3 consecutive days in the red, Tuesday through Thursday, Binance Coin fell back to sub-$16s.

The reversal saw Binance Coin fall back through the first major support level before support kicked.

A relatively bullish day on Saturday saw Binance Coin recover to $16 levels to limit the loss on the week.

5-days in the red for the week delivered the downside, however. A 1.6% slide on Sunday was the biggest daily loss in the week.

For the week ahead

Binance Coin would need to avoid a fall through to $16.10 levels to bring the first major resistance level at $16.83 into play.

Support from the broader market would be needed for Binance Coin to break out from $16.50 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $16.88 would likely cap any upside.

In the event of a breakout, Binance Coin could take a run at the second major resistance level at $17.60 and $18 levels before any pullback.

Failure to avoid a fall through to sub-$16.10 levels could see Binance Coin struggle throughout the week.

A fall back through sub-$16.10 levels would bring the first major support level at $15.34 into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of sub-$15 support levels. The second major support level sits at $14.62.

At the time of writing, Binance Coin was up by 0.78% to $16.18. A bullish start to the week saw Binance Coin rise from an early morning low $16.01 to a high $16.35.

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

LTC/USD 21/06/20 Weekly Chart

Litecoin

Litecoin fell by 3.42% in the week ending 20th June. Following on from a 3.61% slide from the previous week, Litecoin ended the week at $43.54.

It was a bearish start to the week. Litecoin slid from a Sunday intraweek high $45.08 to a Monday intraweek low $41.75 before finding support.

Falling well short of the major resistance levels, Litecoin slid through the first major support level at $42.41.

Finding support mid-week, Litecoin recovered to $45 levels on Wednesday before falling back into the red.

2 consecutive days in the red, following 2 consecutive days in the green saw Litecoin fall back to a low $42.23.

Litecoin fell back through the first major support level before a 1.66% gain on Saturday to limit the loss from the week.

4-days in the red that included a 2.40% slide on Sunday delivered the downside for the week.

For the week ahead

Litecoin would need to move through to $43.50 levels to support a run at the first major resistance level at $45.16.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $45.08.

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

Failure to move through to $43.50 levels could see Litecoin come under further pressure.

A fall through to sub-$43 levels would bring the first major support level at $41.83 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$40 levels. The second major support level at $40.13 should limit any downside.

At the time of writing, Litecoin was down by 0.11% to $43.49. A mixed start to the week saw Litecoin rise to an early morning high $43.82 before falling to a low $43.49 on Sunday.

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

LTC/USD 21/06/20 Weekly Chart

Tron’s TRX

Tron’s TRX slid by 3.78% in the week ending 20th June. Following on from a 1.82% decline from the previous week, Tron’s TRX ended the week at $0.016033.

It was a bearish start to the week. Tron’s TRX rose to a Sunday intraweek high $0.16678 before hitting reverse.

Coming up well short of the first major resistance level at $0.01849, Tron’s TRX slid to a Monday intraweek low $0.015058.

Tron’s TRX came within range of the first major support level at $0.01502 before finding support.

Off the back of 3 consecutive days in the green, Tron’s TRX recovered to $0.01640 levels before sliding back.

2 consecutive days in the red saw Tron’s TRX slide back to sub-$0.01570 before finding support.

4-days in the green, which included a 0.84% gain on Saturday, were not enough to reverse losses from the start of the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.01590 pivot to support a run at the first major resistance level at $0.01679.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.016678.

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

In the event of a breakout, Tron’s TRX could eye $0.018 levels before any pullback. The second major resistance level at $0.01754 and resistance at $0.018 would likely cap any upside, however.

Failure to avoid a through the $0.01590 pivot could see Tron’s TRX spend a 3rd consecutive week in the red.

A fall back through to sub-$0.01590 levels would bring the first major support level at $0.01517 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.01430.

At the time of writing, Tron’s TRX was down by 0.42% to $0.015965. A mixed start to the week saw Tron’s TRX fall to a low $0.015940 before rising to an early morning high $0.016022.

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

BNB/USD 21/06/20 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 17/06/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

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

While mixed, it was a bearish start to the week. Binance Coin slid from a Sunday current week high $16.88 to a Monday current week low $15.39.

Falling well short of the first major resistance level at $17.91, Binance Coin fell through the first major support level at $15.73.

Finding support at sub-$16, Binance Coin bounced back to a Tuesday high $16.84 before easing back on the day.

While breaking back through the first major support level, resistance at $17 pinned Binance Coin back mid-week.

For the current week, Sunday to Tuesday, Binance Con was down by 2.26% to $16.44.

Two days in the red out of three delivered the relatively modest loss. It could have been far worse had a late Monday rebound not materialized… A 1.6% loss on Sunday was the biggest daily move, though modest by recent standards.

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It’s had been a bullish start to the year before the current downtrend. Having been up by as much as 101% year-to-date, Binance Coin was up by just 20.44% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.16% to $16.41. A mixed start to the day saw Binance Coin fall to an early Wednesday low $16.25 before rising to a high $16.59.

Binance Coin steered clear of the major support and resistance levels in the early part of the day.

BNB/USD 17/06/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through the $16.80 pivot to support a run at the first major resistance level at $17.91.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $16.88 to $17 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $17.92 would likely cap any upside.

In the event of another breakout, the second major resistance level at $19.0 could come into play. Expect plenty of resistance at the previous week’s high $17.92 and first major resistance level, however.

Failure to move back through the $16.82 pivot could see Binance Coin fall deeper into the red.

A pullback through to sub-$16 levels would bring the first major support level at $15.73 back into play.

Barring another extended crypto sell-off, however, Binance Coin should avoid sub-$15 levels.

Looking at the Technical Indicators

Major Support Level: $15.73

Major Resistance Level: $17.91

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 14/06/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Binance Coin

Binance Coin fell by 4.27% in the week ending 13th June. Following on from a 1.07% decline from the previous week, Binance Coin ended the week at $16.81.

It was a choppy week for Binance Coin and the broader market.

Binance Coin rose to an early Sunday intraweek high $17.92 before hitting reverse.

Falling short of the first major resistance level at $19.13, Binance Coin slid to a Thursday intraweek low $15.74.

Binance Coin fell through the first major support level at $15.98 before finding support late in the week.

A move back through to $16.9 levels was short-lived, however, with resistance at $17 stalling any recovery.

3-days in the red, which included a 6.86% slide on Thursday, delivered the downside for the week.

For the week ahead

Binance Coin would need to move through to $16.85 levels to bring the first major resistance level at $17.91 into play.

Support from the broader market would be needed for Binance Coin to break back through to $17.50 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $17.92 would likely cap any upside.

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

Failure to move back through to $16.85 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 $15.73 into play.

Barring a crypto meltdown, however, Binance Coin should steer well clear of sub-$15 support levels. The second major support level sits at $14.64.

At the time of writing, Binance Coin was down by 0.07% to $16.80. A range-bound start to the week saw Binance Coin fall from an early morning high $16.83 to a low $16.80.

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

BNB/USD 14/06/20 Weekly Chart

Litecoin

Litecoin fell by 3.61% in the week ending 13th June. Following on from a 2.05% decline from the previous week, Litecoin ended the week at $45.07.

It was a relatively range-bound start to the week. Litecoin fell to a Sunday low $45.10 before finding support.

Steering clear of the major support levels, Litecoin recovered to a Wednesday intraweek high $47.15 before hitting reverse.

Coming up short of the first major resistance level at $49.60, Litecoin slid to a Thursday intraweek low $42.12 before finding support.

Litecoin fell through the first major support level at $44.22 before recovering to $45 levels to limit the loss.

4-days in the red that included a 7.54% slide on Thursday delivered the downside for the week.

For the week ahead

Litecoin would need to avoid sub-$44.80 levels to support a run at the first major resistance level at $47.44.

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

Barring another extended crypto rally, the first major resistance level and last week’s high $47.15 would likely cap any upside.

Failure to avoid sub-$44.80 levels could see Litecoin come under further pressure.

A fall through the $44.80 pivot would bring the first major support level at $42.41 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $39.75.

At the time of writing, Litecoin was down by 0.07% to $45.04. A range-bound start to the week saw Litecoin fall from an early morning high $45.08 to a low $45.00 on Sunday.

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

LTC/USD 14/06/20 Weekly Chart

Tron’s TRX

Tron’s TRX fell by 1.82% in the week ending 13th June. Partially reversing a 3.75% gain from the previous week, Tron’s TRX ended the week at $0.01670.

A bullish start to the week saw Tron’s TRX rally to a Monday intraweek high 0.018604 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.01784 to come within range of the second major resistance level at $0.01870.

The reversal saw Tron’s TRX slide to a Thursday intraweek low $0.015131.

Tron’s TRX fell through the first major support level at $0.01580 before moving back through to $0.01670 levels.

3-days in the week, which included a 10.49% slide on Thursday, delivered the downside in the week.

For the week ahead

Tron’s TRX would need to move through to $0.01680 levels to support a run at the first major resistance level at $0.01849.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.018 levels.

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

In the event of a breakout, Tron’s TRX would likely visit $0.019 levels before any pullback. Resistance at $0.020 would likely leave Tron’s TRX short of the second major resistance level at $0.02028.

Failure to move through to $0.01680 levels could see Tron’s TRX spend a 2nd week in the red.

A fall back through to sub-$0.016 levels would bring the first major support level at $0.01502 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.01334.

At the time of writing, Tron’s TRX was down by 0.15% to $0.016678. A bearish start to the week saw Tron’s TRX fall from an early morning high $0.016678 to a low $0.016663.

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

TRX/USD 14/06/20 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 10/06/20

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Support

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

At the start of the week, Binance Coin rose to a current week high 17.92 on Sunday before hitting reverse.

Falling well short of the first major resistance level at $19.13, Binance Coin tumbled to a Sunday current week low $16.61.

Steering clear of the first support level at $15.98, Binance Coin recovered to end the day at $17.42. In spite of the recovery, Binance Coin fell by 0.74% on Sunday.

Following a flat Monday, which saw Binance Coin gain just 0.17%, it was back into the red on a choppy Tuesday.

At the start of the day, Binance Coin struck an early morning high $17.69 before falling to a low $16.97.

While finding support from the broader market, Binance Coin fell by 0.36% on the day.

For the current week, Sunday through Tuesday, Binance Coin was down by 0.97% to $17.39.

Just the 1-day in the green out of 3 limited the downside in the 1st half of the week.

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It’s had been a relatively bullish start to the year before the current downtrend. Having been up by as much as 101% year-to-date, Binance Coin was up by just 27.40% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 0.10% to 17.41. A mixed start to the day on Wednesday saw Binance Coin fall to an early morning low $17.32 before rising to high $17.51.

Binance Coin steered clear of the major support and resistance levels in the early part of the day.

BNB/USD 10/06/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through to $17.60 levels to support a run at the first major resistance level at $19.13.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $17.92

Barring an extended crypto rally ahead of the weekend, resistance at $18 would likely leave Binance Coin short of the first major resistance level.

In the event of another breakout, the 38.2% FIB of $19.4 would likely limit any upside in the week.

Failure to move back through to $17.60 levels could see Binance Coin fall deeper into the red.

A pullback through to sub-$17 levels would bring the first major support level at $15.98 back into play.

Barring another extended crypto sell-off, however, Binance Coin should avoid sub-$16 levels.

Looking at the Technical Indicators

Major Support Level: $15.98

Major Resistance Level: $19.13

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 07/06/20

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

Binance Coin

 Binance Coin fell by 1.07% in the week ending 6th June. Partially reversing a 7.65% rally from the previous week, Binance Coin ended the week at $17.55.

It was a particularly choppy 1st half of the week for Binance Coin and the broader market.

A bearish start to the week saw Binance Coin slide by 3.7% on Sunday before finding support.

In spite of a Sunday low $16.81, Binance Coin steered clear of the first major support level at $16.17.

A breakout on Monday saw Binance Coin rally to an intraweek high $19.15 before hitting reverse.

Binance Coin broke through the first major resistance level at $18.68 before sliding to a Tuesday intraweek low $16.00.

Finding support at the first major support level at $16.17, Binance Coin recovered to $17 levels to limit the loss on the week.

4-days in the red that included 3.7% falls on Sunday and Tuesday delivered the downside in the week. A 5.03% rally on Monday, limited that downside, however.

For the week ahead

Binance Coin would need to move through to $17.60 levels to bring the first major resistance level at $19.13 into play.

Support from the broader market would be needed for Binance Coin to break back through to $19 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $19.15 would likely cap any upside.

In the event of a breakout, Binance Coin could test the 38.2% FIB of $19.4 and resistance at $20 before any pullback.

Failure to move back through to $17.60 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 $15.98 into play.

Barring a crypto meltdown, however, Binance Coin should steer well clear of sub-$15 support levels. The second major support level sits at $14.42.

At the time of writing, Binance Coin was up by 0.02% to $17.56. A range-bound start to the week saw Binance Coin fall to an early morning low $17.45 before rising to a high $17.65

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

BNB/USD 07/06/20 Weekly Chart

Litecoin

 Litecoin fell by 2.05% in the week ending 6th June. Partially reversing an 8.89% rally from the previous week, Litecoin ended the week at $46.76.

It was a bearish start to the week. Litecoin slid by 4.50% on Sunday to a low $45.10 before finding support.

Steering clear of the major support levels, Litecoin rallied to a Tuesday intraweek high $49.90 before hitting reverse.

Coming up against the first major resistance level at $49.96, Litecoin slid to a Tuesday intraweek low $44.52 before finding support.

Litecoin recovered to $48 levels before easing back late in the week.

3-days in the red that included Sunday’s 4.5% fall and a 4.64% slide on Tuesday delivered the loss for the week. A 5.86% rally on Monday limited the downside, however.

For the week ahead

Litecoin would need to move through to $47.10 levels to support a run at the first major resistance level at $49.60.

Support from the broader market would be needed, however, for Litecoin to break back through to $49 levels.

Barring another extended crypto rally, the first major resistance level at $49.6 and last week’s high would likely cap any upside.

Failure to move through to $47.10 levels could see Litecoin come under further pressure.

A fall back through to sub-$46 levels would bring the first major support level at $44.22 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $41.68.

At the time of writing, Litecoin was up by 0.17% to $46.84. A mixed start to the week saw Litecoin fall to an early morning low $46.55 before rising to a high $46.89 on Sunday.

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

LTC/USD 07/06/20 Weekly Chart

Tron’s TRX

 Tron’s TRX rose by 3.75% in the week ending 6th June. Following on from a 9.13% rally from the previous week, Tron’s TRX ended the week at $0.016993.

In a bearish start to the week, Binance Coin fell by 2.75% on Sunday before finding support. The pullback saw Tron’s TRX fall to a Sunday intraweek low $0.015456 before rallying to a Tuesday intraweek high 0.017501.

Steering clear of the first major support level at $0.01483, Tron’s TRX broke through the first major resistance level at $0.01713.

Coming up short of the second major resistance level at $0.01792, Tron’s TRX slid back to sub-$0.016 levels before finding support.

The upside in the week came in spite of 4-days in the red that included a 4.41% slide on Tuesday. A 7.4% rally on Monday and a 3.54% gain on Wednesday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid sub-$0.01670 levels to support a run at the first major resistance level at $0.01784.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.017501.

Barring another broad-based crypto rally, the first major resistance level at $0.01784 will likely cap any upside.

In the event of a breakout, Tron’s TRX would likely visit $0.018 levels before any pullback. The second major resistance level at $0.01870 would likely cap any upside, however.

Failure to avoid sub-$0.01670 levels could see Tron’s TRX give up last week’s gain.

A fall back through to sub-$0.01670 levels would bring the first major support level at $0.01580 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.016 levels in the week.

At the time of writing, Tron’s TRX was up by 2.10% to $0.017350. A bullish start to the week saw Tron’s TRX rally from an early morning low $0.017009 to a high $0.017350.

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

TRX/USD 07/06/20 Weekly Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 03/06/20

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

Binance Coin Price Support

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

A bearish start to the week saw Binance Coin slide by 3.7% on Sunday, leading to a Monday low $16.47.

Steering clear of the first major support level at $16.17, Binance Coin rallied to a Monday current week high $19.15.

Binance Coin broke through the first major resistance level at $18.68 before hitting reverse.

The pullback saw Binance Coin fall through the first major resistance level to wrap up the day at sub-$18 levels on Monday.

Following a 5.03% rally on Monday, Binance Coin tumbled by 3.7% on Tuesday, leading to a Tuesday current week low $16.00.

Binance Coin also fell through the first major support level at $16.17 before wrapping up the day at $17 levels. The first major resistance level at $18.68 had pinned Binance Coin back in the early part of the day on Tuesday.

For the current week, Sunday through Tuesday, Binance Coin was down by 2.59% to $17.28.

Just the 1-day in the green out of 3 limited the downside in the 1st half of the week.

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It’s had been a relatively bullish start to the year before the current downtrend. Having been up by as much as 101% year-to-date, Binance Coin was up by 26.59% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.69% to 17.16. A bearish start to the day on Wednesday saw Binance Coin fall from an early morning high $17.34 to a low $17.05.

Binance Coin steered clear of the major support and resistance levels in the early part of the day.

BNB/USD 03/06/20 Weekly Chart

For the remainder of the week

Binance Coin would need to move back through to $18 levels to support another run at the first major resistance level at $18.68.

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

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

In the event of another breakout, the 38.2% FIB of $19.4 and second major resistance level at $19.62 could come into play.

Failure to move back through to $18 levels could see Binance Coin fall deeper into the red.

A pullback through to sub-$17 levels would bring the first major support level at $16.17 back into play.

Barring another extended crypto sell-off, however, Binance Coin should avoid a fall back to sub-$16 levels.

Looking at the Technical Indicators

Major Support Level: $16.17

Major Resistance Level: $18.68

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3