Key points:

• The continuation of Bitcoin consolidation seems likely in the near future, but this trend remains positive, if the price remains above USD 110,530.

• Charts for BNB, XLM, LTC and ETC look positive.

Bitcoin (BTC) remains in the consolidation phase because the bears of bull samples maintain a price above 120,000 USD. According to Fidelity Director for global macro Jurrien Timmer, BTC remains during the adoption curve compared to the adoption of the Internet with the last decades. This suggests that BTC has more space to start.

The BTC rally and the adoption of three key shares in the American Chamber of Representatives increased sentiments in the cryptocurrency sector. According to Coinmarketcap, this pushed the total capitalization of the cryptocurrency market to just less than $ 4 trillion. Since then, market capitalization has cooled down to USD 3.85.

Ether (ETH) conducts the Altcoin load higher, signaling the beginning of the season. Although keen rallies are common in bull market markets, traders should be ready for regular withdrawal during movement up. Therefore, it is better to stick to the solidy money management rules than blindly chasing higher prices.

Let’s analyze the charts of the five best cryptocurrencies that look powerful on the charts.

Forecasting bitcoin prices

The shallow withdrawal of BTC suggests that bulls are in a hurry to reserve profits because they predict that maintaining a raise.

20-day interpretation average mobility (EMA) (113,984 USD) and a relative force indicator (RSI) in positive territory indicate the advantage of the buyer. If Bulls has lowered the price above USD 123 218, the BTC/USDT pair may resume their growth. The pair may raise to USD 135,729, and then to the target of the pattern of USD 150,000.

Bears lack time. They will have to quickly pull a price below USD 110,530 support to return to the game. This may tempt brief -term salesperson for profit booking, attracting a price to $ 100,000.

The price has dropped below the 50-day straight movable average (SMA), which indicates that the bulls lose their grip. The couple can drop to $ 115,000, which is a necessary level for Bulls to defend. If they do not do this, the couple can question the zone between the reverse neckline of the head and lifeguards and the support of 110 530 USD.

If the price appears from the support zone, Bulls will try to kick a pair above 123 218 USD again. If they manage to do this, the couple can collect up to USD 130,000, and then to USD 135,229.

Bnb price forecasting

BNB (BNB) has taken rush after breaking and closing above the resistance of USD 698 on Wednesday.

The BNB/USDT pair pierced the resistance of 732 USD and reached the level of 761 USD on Friday, where the bears have a solid defense. If buyers do not allow a price drop below USD 732, it suggests a positive sentiment. This increases breaks above 761 USD. The couple could then raise to 794 USD.

Unlike this, if the price is lower and breaks below 732 USD, it signals the possibility of creating coverage. The couple can range from 698 to 761 USD for some time.

Both average movable ones fall, and RSI is located in the zone bought on a 4-hour table, which indicates that the bulls have control. The couple rejected from 765 USD, but the positive sign is that Bulls did not allow the price to drop below 732 USD. The buyer will take one more attempt to catapult steam up to 794 USD.

The first sign of weakening will be close to the level of USD 732, and sales may raise if the pair drops below 20.

Star price production

Stellar (XLM) has gathered rapidly over the past few days and reached the head of USD 0.51.

The rally pushed RSI to the territory of the purchase, signaling possible consolidation or correction in the near future. If buyers do not allow a price drop below 0.43 USD, the XLM/USDT pair may exceed USD 0.51. If this happens, the couple can start the next stage of growth to USD 0.64, and then to the destination target 0.80 USD.

This positive view will be annulled in the near future if the price drops and closes below 0.43 USD. The couple can then move to an EMA 20-day (0.36 USD).

The RSI on the FPOP chart shows early signs of the creation of a bear discrepancies, which suggests weakening of the shoot. If the 20-day EMA subsides, the steam may fall to the 50-day SMA. This is a significant level to be observed, because a break below 50-day SMA can sink a pair of up to 50% of the level of fibonacci recovery of 0.37 USD.

Alternatively, a solid reflection of 20-day EMA signals buying on dips. This improves the ability to break above 0.51 USD. The couple can then resume the return to 0.59 USD.

Related: XLM Stellar has a “most stubborn chart” in Crypto, reflecting the price of XRP

Litecoin prices forecasting

Litecoin (LTC) crashed on Friday above the resistance of 107 USD, but Bulls could not maintain higher levels, as you can see from a long wick on a candlestick.

Bulls are unlikely to give up easily. They will try to keep and maintain a price above USD 107 again. If they manage to do this, the LTC/USDT pair may raise to USD 130, and then to 140 USD.

Sellers will probably have other plans. They will try to keep a price below USD 107. If they manage to do this, the couple may break down into an EMA 20-day (USD 93). Deeper withdrawal can delay the resumption of movement up.

Bears have pulled a price below USD 107, which indicates solid sales at higher levels. The couple can immerse themselves in a 20-day EMA, which is a significant support that should be considered. If the price reflects from 20 with force, the bulls will try to drive a few above USD 112. If they do this, the couple can collect up to USD 120, and then up to USD 130.

And vice versa, a break below the 20-day EMA indicates profit books by short-term buyers. This can sink a pair to the 50-day SMA.

Classic Ethereum price forecast

Ethereum Classic (etc.) increased rapidly above USD 21.70 on Friday, which indicates that the bulls are coming back.

The keen thirts pushed the RSI to the territory of buying out, suggesting a compact consolidation or correction in the near future. The pair etc/USDT can check the breakthrough level of USD 21.70 again. If the price is reflected from USD 21.70 with strength, it means that the buyers have converted the level to support. This increases the probability of a rally to $ 27.

On the contrary, a decrease below USD 21.70 suggests that the markets have rejected the breakthrough. The couple can then drop violently to an EMA 20-day (USD 18.50).

The rally is in the face of a profit of USD 24.99, which brought a price to 38.2% of the level of recovery of Fibonacci of USD 22.92. If the price reflects from the current level, Bulls will try to resume the return. If they succeed, the couple can climb $ 27.

On the other hand, a break and closing below USD 22.92 can sink a pair to critical support of USD 21.70. Buyers will have to defend $ 21.70 violently to keep the stubborn rush. If they fail in their undertaking, the couple may drop to $ 19.56, ending with 100% withdrawal of the last stage of the rally.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.