Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 08/08/21

Silver and golden coins with bitcoin, ripple and ethereum symbol

Binance Coin

Binance Coin rose by 7.20% in the week ending 7th August. Following a 10.24% gain from the previous week, Binance Coin ended the week at $356.64.

After a choppy start to the week, Binance Coin fell to a Thursday intraweek low $306.56 before making a move.

Steering clear of first major support level at $292, Binance Coin rallied to a Saturday intraweek high $364.50.

Binance Coin broke through the first major resistance level at $361 before falling back to sub-$360 levels.

4 days in the green that included a 3.58% rally on Wednesday and a 4.14% gain on Saturday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid the $343 pivot to bring the first major resistance level at $379 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s high $364.50.

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

In the event of a broad-based crypto rally, Binance Coin could test resistance at the 38.2% FIB of $438. The second major resistance level sits at $401.

A fall through the $343 pivot would bring first major support level at $321 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of the second major support level at $285 and the 62% FIB of $273.

At the time of writing, Binance Coin was down by 0.23% to $355.80. A mixed start to the week saw Binance Coin rise to an Sunday early morning high $359.95 before falling to a low $352.27.

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

BNBUSD 080821 Daily Chart

Litecoin

Litecoin rose by 8.02% in the week ending 7th August. Following a 14.55% rally from the previous week, Litecoin ended the week at $156.05.

A mixed start to the week saw Litecoin fall to a Wednesday intraweek low $135.54 before making a move.

Steering clear of the first major support level at $130, Litecoin rallied to a Saturday intraweek high $156.53.

Litecoin broke through the first major resistance level at $153 to end the week at $156 levels.

5 days in the green that included a 3.13% gain on Friday and a 5.40% rally on Saturday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid the $149 pivot to bring the first major resistance level at $163 into play.

Support from the broader market would be needed, however, for Litecoin to back through to $160 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $165 would likely limit any upside.

In the event of another broad-based crypto rally, Litecoin could test resistance at the 23.6% FIB of $178 before any pullback. The second major resistance level sits at $170.

A fall through the $149 pivot would bring the first major support level at $142 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$135 levels. The second major support level sits at $128.

At the time of writing, Litecoin was down by 0.14% to $155.83. A mixed start to the week saw Litecoin rise to an early Sunday morning high $157.72 before falling to a low $154.55.

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

LTCUSD 080821 Daily Chart

Tron’s TRX

Tron’s TRX rallied by 16.56% in the week ending 7th August. Following an 11.65% gain from the previous week, Tron’s TRX ended the week at $0.07497.

A mixed start to the week saw Tron’s TRX fall to a Sunday intraweek low $0.06032 before making a move.

Steering clear of the first major support level at $0.05629, Tron’s TRX rallied to a Saturday intraweek high $0.07786.

Tron’s TRX broke through the first major resistance level at $0.06963 and the second major resistance level at $0.07496 to end the week at $0.749 levels.

5 days in the green that included a Wednesday 4.67% gain and a 4.75% rally on Thursday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid the $0.07105 pivot to support a run at the first major resistance level at $0.08178.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the 23.6% FIB of $0.07870.

Barring a broad-based crypto rally, first major resistance level and would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.090. The second major resistance level sits at $0.08859.

A fall through the $0.07105 pivot would bring the first major support level at $0.06424 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.060 levels. The second major support level sits at $0.05351.

At the time of writing, Tron’s TRX was up by 0.48% to $0.07533. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.07666 before falling to a low $0.07421.

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

TRXUSD 080821 Daily Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 04/08/21

Binance Coin Price Support

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

A mixed start to the week, however, saw Binance Coin rise to a Sunday current week high $357.28 before hitting reverse.

Falling short of the first major resistance level at $361, Binance Coin slid to a Tuesday current week low $313.84.

Steering clear of the first major support level at $292, Binance Coin moved back through to $320 levels to reduce the deficit.

For the current week, Sunday through Tuesday, Binance Coin was down by 2.85% to $323.21. A 2.24% fall on Tuesday delivered the downside for the current week.

The near-term bullish trend remained intact in spite of the return to sub-$300 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish year-to-date, however, with Binance Coin up by 763% year-to-date.

At the time of writing, Binance Coin was down by 0.07% to $322.98. A mixed start to the day on Wednesday saw Binance Coin fall to an early low $319.36 before rising to a high $326.46.

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

BNBUSD 040821 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $320 pivot to bring the first major resistance level at $361 back into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $357.28.

Barring an extended rally going into the weekend, the first major resistance level at $361 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $400 before any pullback. The second major resistance level sits at $390.

A fall back through the $290 pivot would bring first major support level at $292 back into play. Barring an extended sell-off, however, Binance Coin should steer clear of the 62% FIB of $273.

The second major support level sits at $250.

Looking at the Technical Indicators

First Major Support Level: $292

Pivot Level: $320

First Major Resistance Level: $361

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 01/08/21

Pattern of coins LTC, ETH, BTC, XMR, XRP on a dark background. Business concept.

Binance Coin

Binance Coin rose by 10.24% in the week ending 31st July. Following a 0.43% gain from the previous week, Binance Coin ended the week at $332.70.

A mixed start to the week saw Binance Coin fall to a Monday intraweek low $278.58 before making a move.

Steering clear of the 62% FIB of $273 and the first major support level at $266, Binance Coin rallied to a Monday intraweek high $348.21.

Binance Coin broke through the first major resistance level at $326 before falling back to sub-$300 levels.

A bullish end to the week, however, saw Binance Coin break back through the first major resistance level to end the week at $330 levels.

7 days in the green delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid the $320 pivot to bring the first major resistance level at $361 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s high $348.21.

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

In the event of a broad-based crypto rally, Binance Coin could test resistance at $400. The second major resistance level sits at $390.

A fall through the $320 pivot would bring first major support level at $292 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of the 62% FIB of $273.

The second major support level sits at $250.

At the time of writing, Binance Coin was up by 1.84% to $338.82. A mixed start to the week saw Binance Coin fall to an early Sunday low $329.46 before rising to a high $339.40.

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

BNBUSD 010821 Daily Chart

Litecoin

Litecoin rallied by 14.55% in the week ending 31st July. Following a 5.06% gain from the previous week, Litecoin ended the week at $144.43.

A mixed start to the week saw Litecoin fall to a Sunday intraweek low $123.62 before making a move.

Steering clear of the first major support level at $111, Litecoin rallied to a Saturday intraweek high $146.68.

Litecoin broke through the first major resistance level at $135 and the second major resistance level at $143 to end the week at $144 levels.

6 days in the green that included a 4.25% rally on Wednesday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid the $138 pivot to bring the first major resistance level at $153 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $150 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $155 would likely limit any upside.

In the event of a broad-based crypto rally, Litecoin could test resistance at $170 before any pullback. The second major resistance level sits at $161.

A fall through the $138 pivot would bring the first major support level at $130 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level sits at $115.

At the time of writing, Litecoin was up by 2.45% to $147.97. A mixed start to the week saw Litecoin fall to an early Sunday low $143.10 before rising to a high $148.00.

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

LTCUSD 010821 Daily Chart

Tron’s TRX

Tron’s TRX rose by 11.65% in the week ending 31st July. Following a 5.06% gain from the previous week, Tron’s TRX ended the week at $0.06431.

A mixed start to the week saw Tron’s TRX fall to a Monday intraweek low $0.05360 before making a move.

Steering clear of the first major support level at $0.05135, Tron’s TRX rallied to a Monday intraweek high $0.06694.

Tron’s TRX broke through the first major resistance level at $0.06112 and the second major resistance level at $0.06465.

A pullback, however, saw Tron’s TRX fall back through the major resistance levels to sub-$0.060 levels.

Finding support through the 2nd half of the week, however, Tron’s TRX broke back through the first major resistance level to end the week at $0.064 levels.

The second major resistance level at $0.06465 pinned Tron’s TRX back late in the week.

7 days in the green delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid the $0.06162 pivot to support a run at the first major resistance level at $0.06963.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.06694.

Barring a broad-based crypto rally, first major resistance level and resistance at $0.070 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at the 23.6% FIB of $0.07870. The second major resistance level sits at $0.07496.

A fall through the $0.06162 pivot would bring the first major support level at $0.05629 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.050 levels. The second major support level sits at $0.04828.

At the time of writing, Tron’s TRX was up by 1.91% to $0.06554. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.06298 before rising to a high $0.06604.

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

TRXUSD 010821 Daily Chart

The Crypto Daily – Movers and Shakers – July 29th, 2021

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Bitcoin, BTC to USD, rose by 1.33% on Wednesday. Following a 6.00% rally on Tuesday, Bitcoin ended the day at $40,017.0.

A mixed start to the day saw Bitcoin rise to a late morning intraday high $40,900.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $40,587 before falling to a late afternoon intraday low $38,803.0.

Steering clear of the first major support level at $37,416, however, Bitcoin broke back through to $40,000 to end the day in the green.

The near-term bullish trend remained intact, supported by the latest return to $40,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Chainlink fell by 2.25% to lead the way down, with Polkadot (-0.18%) also seeing red to buck the trend.

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

Ripple’s XRP surged by 13.80% to lead the way, with Litecoin (+4.24%), also finding strong support.

Binance Coin (+0.07%), Bitcoin Cash SV (+0.63%), Cardano’s ADA (+0.54%), Crypto.com Coin (+0.84%),  Ethereum (+0.01%) saw modest gains, however.

In the current the week, the crypto total market fell to a Monday low $1,379bn before rising to a Monday high $1,606bn. At the time of writing, the total market cap stood at $1,532bn.

Bitcoin’s dominance fell to a Monday low 47.07% before jumping to a Wednesday high 49.16%. At the time of writing, Bitcoin’s dominance stood at 49.02%.

This Morning

At the time of writing, Bitcoin was down by 0.01% to $40,011.0. A mixed start to the day saw Bitcoin rise to an early morning high $40,069.0 before falling to a low $39,850.0.

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

Elsewhere, Bitcoin Cash SV (+0.01%) and Crypto.com Coin (+0.42%) avoided the red at the start of the day.

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

At the time of writing, Ripple’s XRP was down by 1.53% to lead the way down.

BTCUSD 290721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $39,907 pivot to bring the first major resistance level at $41,010 into play.

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $40,900.0.

Barring a broad-based crypto rally, the first major resistance level and the 38.2% FIB of $41,592 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $43,000 before any pullback. The second major resistance level sits at $42,004.

A fall back through the $39,907 pivot would bring the first major support level at $38,913 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $37,810.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 28/07/21

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Binance Coin Price Resistance

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

A mixed start to the week, however, saw Binance Coin fall to a Monday current week low $278.58 before making a move.

Steering clear of the 62% FIB of $273 and the first major support level at $266, Binance Coin rallied to a Monday current week high $348.21.

Binance Coin broke through the first major resistance level at $326 before a pullback to sub-$300 levels.

Finding support on Tuesday, however, Binance Coin moved back through to $310 levels to deliver the early gains in the week.

For the current week, Sunday through Tuesday, Binance Coin was up by 3.97% to $313.79. A 3.21% gain on Tuesday delivered the upside for the current week.

The near-term bullish trend remained intact in spite of the return to sub-$300 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish year-to-date, however, with Binance Coin up by 738% year-to-date.

At the time of writing, Binance Coin was down by 1.05% to $310.50. A mixed start to the day on Wednesday saw Binance Coin rise to an early high $316.32 before falling to a low $308.13.

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

BNBUSD 280721 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the $290 pivot to bring the first major resistance level at $326 back into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $320 levels.

Barring an extended rally going into the weekend, resistance at the current week high $348.21 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $400 before any pullback. The second major resistance level sits at $350.

A fall back through the $290 pivot would bring the 62% FIB of $273 back into play. Barring an extended sell-off, however, Binance Coin should steer clear of the first major support level $266.

The second major support level sits at $231.

Looking at the Technical Indicators

First Major Support Level: $266

Pivot Level: $290

First Major Resistance Level: $326

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 25/07/21

Bitcoin and Litecoin over dollar banknotes.

Binance Coin

Binance Coin rose by 0.43% in the week ending 24th July. Partially reversing a 4.94% decline from the previous week, Binance Coin ended the week at $301.82.

A mixed start to the week saw Binance Coin rise to a Sunday intraweek high $314.11 before hitting reverse.

Falling short of the first major resistance level at $329, Binance Coin slid to a Tuesday intraweek low $254.58.

Binance Coin fell through the first major support level at $281 and the second major support level at $261.

More significantly, Binance Coin also fell through the 62% FIB of $273.

Finding mid-week support, however, Binance Coin broke back through the major support levels and the 62% FIB to end the week at $300 levels.

5 days in the green that included a 10.85% surge on Wednesday delivered the upside.

For the week ahead

Binance Coin would need to avoid the $290 pivot to bring the first major resistance level at $326 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $320 levels.

Barring an extended rally, the first major resistance level and resistance at $330 would likely limit any upside.

In the event of a broad-based crypto rally, Binance Coin could test resistance at $400. The second major resistance level sits at $350.

A fall through the $290 pivot would bring the 62% FIB of $273 and the first major support level at $266 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of the second major support level at $231.

At the time of writing, Binance Coin was down by 1.03% to $298.73. A mixed start to the week saw Binance Coin rise to an early Sunday high $304.49 before falling to a low $296.95.

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

BNBUSD 250721 Daily Chart

Litecoin

Litecoin rose by 5.06% in the week ending 24th July. Partially reversing a 10.45% slide from the previous week, Litecoin ended the week at $126.12.

A mixed start to the week saw Litecoin fall to a Tuesday intraweek low $104.02 before making a move.

Litecoin fell through the first major support level at $112 before a mid-week rally to a Saturday intraweek high $127.58.

Falling well short of the first major resistance level at $134, however, Litecoin ease back to end the week at $126 levels.

4 days in the green that included a 9.66% rally on Wednesday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid the $119 pivot to bring the first major resistance level at $135 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.

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

In the event of a broad-based crypto rally, Litecoin could test resistance at $150 before any pullback. The second major resistance level sits at $143.

A fall through the $119 pivot would bring the first major support level at $111 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level sits at $96.

At the time of writing, Litecoin was down by 1.21% to $124.60. A mixed start to the week saw Litecoin rise to an early Sunday high $126.61 before falling to a low $123.62.

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

LTCUSD 250721 Daily Chart

Tron’s TRX

Tron’s TRX rose by 2.66% in the week ending 24th July. Partially reversing an 8.51% slide from the previous week, Tron’s TRX ended the week at $0.05760.

A mixed start to the week saw Tron’s TRX rise to a Sunday intraweek high $0.05840 before hitting reverse.

Falling short of the first major resistance level at $0.06186, Tron’s TRX slid to a Tuesday intraweek low $0.04863.

The reversal saw Tron’s TRX fall through the first major support level at $0.05232 before recovering to end the week at $0.057 levels.

4 days in the green that included a 7.23% rally on Wednesday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid the $0.05488 pivot to support a run at the first major resistance level at $0.06112.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.060 levels.

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

In the event of an extended rally, Tron’s TRX could test resistance at $0.065 levels. The second major resistance level sits at $0.06465.

A fall through the $0.05488 pivot would bring the first major support level at $0.05135 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.04511.

At the time of writing, Tron’s TRX was down by 2.51% to $0.05616. A mixed start to the week saw Tron’s TRX rise to an early Sunday high $0.05791 before falling to a low $0.05603.

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

TRXUSD 250721 Daily Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 21/07/21

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Binance Coin Price Support

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

A mixed start to the week, however, saw Binance Coin rise to a Sunday current week high $314.11 before hitting reverse.

Falling short of the first major resistance level at $329, Binance Coin slid to a Tuesday current week low $254.58.

Binance Coin fell through the first major support level at $281 and the second major support level at $261.

More significantly, Binance Coin also fell through the 62% FIB of $273.

Finding support on Tuesday, however, Binance Coin moved back through the second major support level to end the day at $264 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 12.01% to $264.46. A 7.17% slide on Monday and a 5.71% decline on Tuesday delivered the early downside.

The near-term bullish trend remained intact in spite of the return to sub-$300 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish year-to-date, however, with Binance Coin up by 606% year-to-date.

At the time of writing, Binance Coin was down by 0.18% to $264.00. A mixed start to the day on Wednesday saw Binance Coin rise to an early high $266.59 before falling to a low $261.06

In spite of the pullback, Binance Coin avoided a fall back the second major support level at $261 early on.

BNBUSD 210721 Daily Chart

For the remainder of the week

Binance Coin would need to move back through to the 62% FIB of $273 and the first major support level at $281 to bring the first major resistance level at $329 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the week’s $309 pivot.

Barring an extended rally going into the weekend, the first major resistance level at $329 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $340 before any pullback. The second major resistance level sits at $357.

Failure to move back through the 62% FIB and the first major support level would bring the second major support level at $261 back into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of sub-$250 levels. The third major support level sits at $213.

Looking at the Technical Indicators

First Major Support Level: $281

Pivot Level: $309

First Major Resistance Level: $329

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 18/07/21

crypto currency mining concept

Binance Coin

Binance Coin fell by 4.94% in the week ending 17th July. Partially reversing a 6.01% rise from the previous week, Binance Coin ended the week at $300.58.

A mixed start to the week saw Binance Coin rise to a Monday intraweek high $336.76 before hitting reverse.

Falling short of the first major resistance level at $344, Binance Coin slid to a Thursday low $288.87.

Finding support at the first major support level at $288, Binance Coin revisited $320 levels before falling back into the red.

4 days in the red that included a 4.05% loss on Friday delivered the downside.

For the week ahead

Binance Coin would need to move through the $309 pivot to bring the first major resistance level at $329 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from $325 levels.

Barring an extended rally, the first major resistance level and last week’s high $336.76 would likely limit any upside.

In the event of a broad-based crypto rebound, Binance Coin could test resistance at $400. The second major resistance level sits at $357.

Failure to move through the $309 pivot would bring the first major support level at $281 and the 62% FIB of $273 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of the second major support level at $261.

At the time of writing, Binance Coin was up by 1.19% to $304.15. A mixed start to the week saw Binance Coin fall to an early Sunday low $299.81 before rising to a high $305.05.

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

BNBUSD 180721 Daily Chart

Litecoin

Litecoin slid by 10.45% in the week ending 17th July. Following a 4.43% decline from the previous week, Litecoin ended the week at $120.02.

A mixed start to the week saw Litecoin rise to a Monday intraweek high $139.65 before hitting reverse.

Falling short of the first major resistance level at $146, Litecoin slid to a Saturday intraweek low $117.73.

Litecoin fell through the first major support level at $124 to end the week at sub-$121 levels.

6 days in the red that included a 3.99% fall on Thursday and a 4.06% slide on Friday delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $126 pivot to bring the first major resistance level at $134 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $139.65 would likely limit any upside.

In the event of a broad-based crypto rally, Litecoin could test resistance at $150 before any pullback. The second major resistance level sits at $148.

Failure to move through the $134 pivot would bring the first major support level at $112 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level at $104 should limit the downside.

At the time of writing, Litecoin was up by 1.57% to $121.90. A mixed start to the week saw Litecoin fall to an early Sunday low $119.80 before rising to a high $122.37.

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

LTCUSD 180721 Daily Chart

Tron’s TRX

Tron’s TRX slid by 8.51% in the week ending 17th July. Following a 7.88% fall from the previous week, Tron’s TRX ended the week at $0.05612.

A mixed start to the week saw Tron’s TRX rise to a Monday intraweek high $0.06379 before hitting reverse.

Falling short of the first major resistance level at $0.06758, Tron’s TRX slid to a Saturday intraweek low $0.05425.

The reversal saw Tron’s TRX fall through the first major support level at $0.05692 before briefly revisiting $0.0569 levels. Late in the day on Saturday, the first major support level pinned Tron’s TRX back.

4 days in the red that included a 3.46% fall on Thursday and a 4.16% slide on Friday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to move through the $0.05805 pivot to support a run at the first major resistance level at $0.06186.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.060 levels.

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

In the event of an extended rally, Tron’s TRX could test resistance at $0.070 levels. The second major resistance level sits at $0.06759. Tron’s TRX would need plenty of support, however, to break out from last week’s high $0.06379.

Failure to move through the $0.05805 pivot would bring the first major support level at $0.05232 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.050 levels. The second major support level sits at $0.04851.

At the time of writing, Tron’s TRX was up by 0.90% to $0.05662. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.05573 before rising to a high $0.05706.

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

TRXUSD 180721 Daily Chart

Binance Coin Mid-Week Analysis – Support Levels in Play – 14/07/21

Binance Coin Price Support

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

A mixed start to the week, however, saw Binance Coin rise to a Monday current week high $336.76 before hitting reverse.

Falling short of the first major resistance level at $344, Binance Coin fell to a Tuesday low $302.23.

Steering clear of the first major support level at $288, however, Binance Coin ended Tuesday at $308 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 2.31% to $308.92. A 1.80% loss on Monday and a 2.29% decline on Tuesday delivered the early downside.

The near-term bullish trend remained intact in spite of the return to sub-$300 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish year-to-date, however, with Binance Coin up by 725% year-to-date.

At the time of writing, Binance Coin was down by 2.94% to $299.83. A mixed start to the day on Wednesday saw Binance Coin rise to an early high $310.05 before falling to a current week low $295.96

In spite of the pullback, Binance Coin continued to avoid the first major support level at $288.

BNBUSD 140721 Daily Chart

For the remainder of the week

Binance Coin would need to move back through to the $316 pivot to bring the first major resistance level at $344 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $336.76.

Barring an extended rally going into the weekend, the first major resistance level and resistance at $350 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test the second major resistance level at $371.

Failure to move back through the $316 pivot would bring the first major support level at $288 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of the second major support level at $260. The 62% FIB of $273 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $288

Pivot Level: $316

First Major Resistance Level: $343

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 11/07/21

Kiev, Ukraine, March, 13, 2018: Coins of different crypto-currencies with dollars

Binance Coin

Binance Coin rose by 6.01% in the week ending 10th July. Following a 6.63% gain from the previous week, Binance Coin ended the week at $316.22.

A mixed start to the week, however, saw Binance Coin fall to a Monday intraweek low $287.32 before making a move.

Steering clear of the 62% FIB of $273 and the first major support level at $268, Binance Coin rallied to a Wednesday intraweek high $342.86.

Binance Coin broke through the first major resistance level at $324.

Falling short of the second major resistance level at $348, however, Binance Coin fell back to end the day at sub-$320 levels.

The pullback saw Binance Coin fall back through the first major resistance level.

4 days in the green that included a 5.95% gain on Tuesday delivered the downside.

For the week ahead

Binance Coin would need to avoid a fall back through the $316 pivot to bring the first major resistance level at $344 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $340 levels.

Barring an extended rally, the first major resistance level and last week’s high $342.86 would likely limit any upside.

In the event of a broad-based crypto rebound, Binance Coin could test resistance at $400. The second major resistance level sits at $371.

A fall back through the $316 pivot would bring the first major support level at $288 and the 62% FIB of $273 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of sub-$250 levels. The second major support level at $260 should limit the downside.

At the time of writing, Binance Coin was up by 0.10% to $316.53. A mixed start to the week saw Binance Coin fall to an early Sunday low $315.15 before rising to a high $319.53.

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

BNBUSD 110721 Daily Chart

Litecoin

Litecoin fell by 4.43% in the week ending 10th July. Partially reversing a 10.59% gain from the previous week, Litecoin ended the week at $134.01.

A mixed start to the week saw Litecoin rise to a Sunday intraweek high $148.00 before hitting reverse.

Falling short of the first major resistance level at $151, Litecoin slid to a Friday intraweek low $126.08.

Finding support at the first major support level at $127, however, Litecoin revisited $136 levels before easing back.

4 days in the red that included a 4.91% slide on Monday delivered the upside for the week.

For the week ahead

Litecoin would need to move through the $136 pivot to bring the first major resistance level at $146 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $145 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $148.00 would likely limit any upside.

In the event of a broad-based crypto rally, Litecoin could test resistance at $160 before any pullback. The second major resistance level sits at $158.

Failure to move through the $136 pivot would bring the first major support level at $124 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $114.

At the time of writing, Litecoin was down by 0.02% to $133.98. A mixed start to the week saw Litecoin fall to an early Sunday low $133.73 before rising to a high $135.50.

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

LTCUSD 110721 Daily Chart

Tron’s TRX

Tron’s TRX fell by 7.88% in the week ending 10th July. Reversing a 6.36% gain from the previous week, Tron’s TRX ended the week at $0.06134.

A mixed start to the week saw Tron’s TRX rise to a Sunday intraweek high $0.06941 before hitting reverse.

Falling short of the first major resistance level at $0.07337, Tron’s TRX slid to a Friday intraweek low $0.05875.

The reversal saw Tron’s TRX fall through the first major support level at $0.05971 before a return to $0.061 levels.

4 days in the red that included a 4.52% fall on Monday and a 5.00% slide on Thursday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to move through the $0.06317 pivot to support a run at the first major resistance level at $0.06758.

Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.065 levels.

Barring a broad-based crypto rally, first major resistance level and last week’s high $0.06941 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at the 23.6% FIB of $0.07870. The second major resistance level sits at $0.07383.

Failure to move through the $0.06317 pivot would bring the first major support level at $0.05692 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.055 levels. The second major support level sits at $0.05251.

At the time of writing, Tron’s TRX was up by 0.49% to $0.06164. A mixed start to the week saw Tron’s TRX rise to an early morning high $0.06222 before falling to a low $0.06090.

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

TRXUSD 110721 Daily Chart