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BNB Price Surges Like Never Before, ADA and LTC Price Follow the Suit

Written by: Qadir AK

February 6, 2021

The entire crypto space appears to be self-assured with the uptrend as the majority of the cryptocurrencies experience a decent spike in their price. The top 2 cryptos Bitcoin and Ethereum have bashed the upper barriers and heading strongly towards the next set target amid the current bull run.

The global market capitalization, however, remains above $1 trillion and if the bull run accelerates, it may hit the milestone of $2 trillion also. Surrounding the Bitcoin price rally and Ethereum price rally, some of the assets like BNB price, LTC price, and ADA price which are within the top 10 cryptos follow suit.

Binance Coin(BNB) price jumps more than 20%

The Binance Coin price, the native currency of the world’s most popular cryptocurrency exchange Binance, has spiked offlet. The price rose like a monster in the past couple of days, doubling the price which was trading around $40.

One of the major reasons speculated behind the massive surge is the smooth running and increased activity on the Binance Smart Chain(BSC). The transactions on the BSC has hit a new highs which was tweeted by Binance CEO Changpang Zhao.

The BNB price at the time of writing is $70.90 with a massive jump of 30.01% in the last 24 hours. The trading volume also increased nearly 86.9% attaining $1,904,251,635 and the market capitalization also rose nearly 22.44% touching $10,957,015,920.

Technical Specifications

  • The BNB price is trending around its current ATH and hence resistance levels are hard to interpret
  • The support levels are formed at $64, if failed to stand, the next levels are formed at $50
  • The indicators point out towards a ‘buy’ signal

Cardano(ADA) Price Surges More than 11%

The Cardano price rallied high above $0.5 and sticking around these levels comfortably. Currently, the price is required to hold strong at the current levels so that the price can make out to the $0.6 levels with less efforts.

The ADA price at the time of writing is $0.5486 with a jump of 9.22% in the last 24 hours. The price if maintained the similar momentum may hit $1 very soon. With the surge, Cardano may even enter the top 5 cryptocurrency list as it just requires just 20% move to locate itself behind Bitcoin and Ethereum as said by founder of crypto capital venture Dan CCV.

Technical Specifications

  • The current resistance levels are formed at $0.6, later at $0.99 and finally close to the ATH at $1.33
  • The support levels are formed $0.4175
  • The indicators point out towards a ‘buy’ signal

Litecoin(LTC) Price Spikes More than 4%

Litecoin price which showcased a strong intend to hit $200, is expected to attain the levels very soon. The LTC price chart has broke the 4hr-ascending triangle following a breakout from its falling wedge. Therefore, a breakout from the current levels may rally the price straight to $170.

The LTC price at the time of writing is $160.90 with a decent jump of 4.96% in the last 24-hours. According to a blockchain and crypto analysts yTedd has predicted that very soon, the LTC price will be more than $200.

Technical Specifications

  • The current resistance levels are formed at $191
  • The support levels are formed at $124
  • Technical indicators point out towards a ‘strong buy’
Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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