Last week, the cryptocurrency market was largely unstable due to the latest inflation reports. This caused the prices of many Altcoins such as BNB, Litecoin and XRP to correct the landing, hovering around the declines. Nevertheless, senior investors saw it as an opportunity to buy more, which could lead to a large price recovery for these heroes this week.
Although the total market is in a correction mode, the recent events around the traded investment funds made people more interested in the potential apostasy in Altcoins.
Read more: Why does Bitcoin and Planb Bitcoin analyst turn into circulating investment funds?
This week, XRP became particularly noticeable after the US Securities and Stock Exchange Committee (SEC) realized ETF files by Grayscale and 21shares for XRP. In addition, there is an increasing excitement about the potential traded investment funds for SOL and DOGE, after SEC’s positive response to ETF files backed by encrypted currency.
These investors have left several reasons to see a recovery in the leadership of Altcoin prices this week.
Binance (BNB) price analysis
Binance Coin (BNB) recently witnessed a decrease in purchasing interest after it could not keep its momentum over $ 700. Sellers are now targeting a re -test of $ 650. Currently, the BNB price is $ 656, which indicates a decrease of 0.2 % in the past 24 hours.
The BNB/USDT trading pair is looking to an increase of $ 689, but it may face strong resistance that can pay for $ 648. With the relative strength index (RSI) in 48, below neutral, BNB can face a recovery.
However, if the BNB price may collapse more than $ 689, it may climb about $ 725. On the contrary, if less than $ 648 decreases, the price may decrease to $ 623.
Litecoin (LTC)
Litecoin tries a strong recovery as it rises to a height of $ 137. Although the bears defend resistance levels, the LTC price may continue to ship. As of writing this report, the LTC price is trading at $ 133, with more than 3 % in 24 hours and 25 % in the past seven days.
If the price of Litecoin decreases to less EMA for 20 days, it is possible that sellers will pay the LTC/USDT pair to the main support level at $ 114. While buyers will try to keep this level, if sellers take control of the sellers, the price may decrease to $ 100.
On the other hand, if you broke Litecoin and closes over the resistance area and exceeds $ 150, it may indicate that the declining pressure has ended. The price can then go up to the long -awaited teacher of $ 200.
XRP price analysis
The latest XRP trading activity, which was stuck between $ 2.27 and $ 2.55, has erupted, and is now integrate to less than $ 2.8.
Buyers are now increasing their interest by maintaining the price above $ 2.8. If it succeeds, the XRP/USDT pair may reach the next resistance level at $ 3.4.
Also read: Prediction at XRP on February 16
However, if the price fails sharply in keeping the current momentum, it will indicate that the sellers are still influential at higher prices. This may lead to the patience of XRP for buyers at $ 2.5
