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December 5, 2022
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Price Analysis: Binance Coin, MATIC and Litecoin – June 23

Binance Coin [BNB]

Source: BNB / USD, TradingView

Binance Coin prices have recovered 8.3% in 24 hours and have been valued at $288.95 at the time of writing. It is important to note, however, that the BNB broke the $290 support level two days ago.

With a further high in prices, the token could potentially go above the $290 level in upcoming trading sessions.

The Bollinger Bands continued to diverge on the charts, a sign of price volatility. As the BNB price has appreciated in recent trading sessions, the Parabolic SAR pointed to an emerging uptrend.

The Awesome Oscillator’s histogram portrayed bullish momentum taking control of the charts.


Binance Coin, MATIC and Litecoin Price Analysis: June 23

Source: MATIC / USD, TradingView

MATIC has mainly registered sideways price movements on the chart since early June. Although it has appreciated a bit lately, the currency’s appreciation has fallen by nearly 27% in one week. Furthermore, altcoin managed to stay above its crucial $1.04 support level and was trading at $1.19 at the time of publication.

The currency’s price action fluctuated around the same range as on May 23, as a result of the crypto-crash last month. Following past patterns, the price could have a chance of consolidation.

The Relative Strength Index came closer to the neutral zone, but at the time of publication, it was noted that selling pressure was greater than buying pressure. The Bollinger Bands remained parallel with little divergence and the price is expected to remain stable in the upcoming trading sessions.

According to Chaikin Money Flow, capital outflows continued to exceed capital inflows.

Litecoin [LTC]

Binance Coin, MATIC and Litecoin Price Analysis: June 23

Source: LTC / USD, TradingView

As of this writing, the LTC has risen 9.03% and is trading at $129.26. On the 4-hour trading chart, the currency has given signs of a corrective rebound.

The currency had dropped to $119, its lowest since May 23. In the future, if bulls manage to push the price higher, the currency could find resistance at $132.

After projecting a bearish momentum for nearly a week, as shown by the MACD indicator, bullish momentum seemed to emerge at the moment. The Awesome Oscillator also suggested something similar.

Finally, the Bollinger Bands highlighted an increase in price volatility.

Source: AMBCrypto

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