LTC, BTC, and BNB Show Mixed Signals as Traders Watch Key Levels
Litecoin’s Bullish Setup Sparks Optimism
Litecoin (LTC) is catching the attention of traders. Popular analyst DonAlt calls its chart “one of the best-looking” in the crypto space. The coin is potentially forming an ascending triangle on the weekly chart. This pattern often signals bullish momentum as it shows higher lows pushing toward a resistance level.
Why the optimism? DonAlt believes speculation around a Litecoin exchange-traded fund (ETF) is fueling the positive sentiment. “I think it’s one of the most likely to get one,” he says. However, he warns that the process could take time. At the time of writing, Litecoin trades at $129.
Bitcoin Faces Resistance at $101,000
Bitcoin (BTC) is showing signs of struggle. According to DonAlt, BTC trades within a simple range. The key support sits near $95,000, while resistance looms at $101,000. For those seeking a long position, a break above $101,000 presents the best opportunity.
Currently, Bitcoin hovers at $96,836. Traders are watching closely for a decisive move. A breakout could spark renewed bullish momentum. Conversely, a drop below support may lead to further downside pressure.
BNB Looks Strong with Bullish Monthly Chart
Binance Coin (BNB) is another asset drawing bullish attention. DonAlt points out that BNB has climbed above a long-standing range dating back to early 2021. “It looks even better now,” he says. Holding above $625 strengthens the bullish outlook.
As of now, BNB trades at $667. Traders see the coin maintaining upward momentum if it avoids closing below the critical $625 level.
Final Thoughts
Litecoin stands out with a strong technical setup and ETF speculation. Bitcoin remains range-bound, needing a break above $101,000 for a clear direction. Meanwhile, BNB looks promising with a bullish monthly chart. Traders should keep an eye on these key levels to navigate market moves effectively.
Disclaimer: This article is for informational purposes only and not investment advice. Always do your own research before investing in cryptocurrencies.
