.18 March BTC, ADA, BNB and LTC Price Analysis – Can Bitcoin (BTC) outperform altcoins in the short term? When we look at the movements in the last days, we see that altcoins have come forward a little more. The upward movements of cryptocurrencies always bring enthusiasm in the market.
Let’s take a look at the BTC, ADA, BNB and LTC price analysis.
Bitcoin has experienced a significant decline in the past days and deleted approximately $ 8,000 from its value. Yesterday buyers tried to bring the pair back to resistance at $ 58,000. They couldn’t get above $ 56,400 in the first half of the day. Late in the evening, the bulls created a strong impulse that allowed the Bitcoin (BTC) price to surpass the $ 58,000 resistance and take a place in the $ 59,000 zone.
A comeback is possible this morning. If the price tries to hold well above $ 58,000, recovery will continue into the $ 60,000 area.
If the bears cannot exceed $ 58,000, the pair could return to the average prices area ($ 56,400).
Bitcoin is being traded at $ 57,840 at the time of writing.
Cardano (ADA) is the biggest winner today. Altcoin rate has increased by 14.24% since yesterday.
Despite the sharp growth, the uptrend can continue as the coin is building up enough power. In this case, possible bearish pressure could accumulate in the $ 1.54 area.
Cardano is trading at $ 1.43 at the time of writing.
Binance Coin (BNB) is the second biggest winner today as the proportion of local cryptocurrency has increased by 5%.
After the $ 300 mark is broken incorrectly, the altcoin is about to retest it in the next few days. Therefore, the value of the RSI indicator has not reached the overbought zone, which means it is a more likely increase than a decline.
BNB is trading at $ 264.90 at the time of writing.
Litecoin (LTC) rate has not grown as massive as Cardano (ADA). The “digital silver” price has risen 1.88% in the last 24 hours.
On the daily chart, Litecoin (LTC) is slightly closer to the initial resistance of $ 208. From a technical standpoint, LTC could break it and rise to $ 227 where sellers could seize the venture in short-term perspective.
Litecoin is trading at $ 202 at the time of writing.
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