Altcoins Outperforming Bitcoin; Here’s What You Can Expect from LTC, SOL, and BNB Prices!
The post Altcoins Outperforming Bitcoin; Here’s What You Can Expect from LTC, SOL, and BNB Prices! appeared first on Coinpedia Fintech News
Despite a minor upswing, the Bitcoin price continues to chop around $30.500, trying hard to reach the immediate target above $31,000. Alongside, Ethereum price also displayed a similar price action with a minimal jump, due to which both tokens continue to trade under the bearish influence. Displaying a little diverse action, some of the altcoins are manifesting extreme strength and an acute tendency to reach the upper targets at the earliest.
Litecoin (LTC)
- The Litecoin price has been trading within an ascending triangle since the beginning of the year, with fixed resistance levels between $100.2 and $102.4
- The recent upswing caused the price to pierce through these levels and mark the yearly highs at $115, while a notable pullback followed, dragging the price below $100
- Despite the crash, the LTC price displays the potential to rebound and rise beyond the interim highs as the RSI maintains a healthy upswing.
- Therefore, in the latter days, the price is believed to rise beyond the resistance zone again and consolidate above the levels, until the next bullish wave lifts the levels beyond $120.
Solana (SOL)
- The start of the year was bullish, but the price soon triggered bearish mode, trading within a descending parallel channel
- After testing the upper resistance of the channel, the price is closer to undergoing a rejection, which may drag the price back toward the average bands of the channel
- Additionally, the plunging RSI also substantiates the bearish narrative, but the fresh bullish candle flashes fewer chances of a bullish breakout.
- This may squash the bearish influence for a while as the prices may head toward $30 slicing through the resistance at $27.
Also Read : Solana Price Prediction 2023, 2024, 2025: Will SOL Price Cross The $25 Soon?
BinanceCoin (BNB)
- Being a little different from others, the BinanceCoin (BNB) price is stuck within a symmetrical pennant. Moreover, as the pole is formed, it can be largely considered a bear flag.
- Presently, the price has surged above the resistance and a daily close beyond these levels may certify a breakout from the decisive phase
- Otherwise, if the price faces a rejection, it may drop back towards interim support and consolidate for a while before triggering a breakout.
- However, the price is expected to remain consolidated as the Bollinger bands are almost parallel to each other, which indicates a fair price action could be fast approaching.
Also Read : Top Altcoins To Watch For Next Week: Solana (SOL), Ripple (XRP) And Litecoin (LTC) Prices May Gain Momentum
