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Best Cryptocurrencies to Buy Today, June 22 – BNB, Ethereum, Litecoin

Highlights:

  • BNB is holding the $576 support zone, with buyers watching for a breakout toward the $676 resistance level.
  • ETH is recovering from the $1,550 support area and could target the $2,000 resistance zone next.
  • LTC is building a base above $41 support, with a move above $48 opening the path toward $52.

The crypto market has recovered today to the green zone after a fall yesterday caused by the rising geopolitical tensions in the Middle East. BTC fell to $63,250 before recovering to $64,240 today. The United States had threatened to wipe Iran from the map after failed negotiations in Switzerland. However, according to a recent CNN report, the negotiations have made “encouraging progress.”

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As of press time, the overall market cap is up 0.24% to $2.2 trillion. In addition, the trading volume is up 21.08% to $58.41 billion. The fear and greed index is in the fear zone at an index of 22. Total liquidations over the past day come to $216.61 million, according to CoinGlass data. With the small recovery as the week starts, here are the best cryptocurrencies to buy today.

Best Cryptocurrencies to Buy Today

1. BNB

BNB is trading at $592.27, representing a 0.83% increase over the last 24 hours, and the market cap stands at $79.82 billion. Meanwhile, the trading volume is up by 14.49% to $864 million.

BNB Price Chart: CoinMarketCap

BNB has flashed a buy signal on the daily chart after buyers defended the $576.43 support zone. The recent decline lost momentum once the price returned to that area. Buyers quickly stepped in and pushed the token back above support.

Source: TradingView

The support level has acted as a floor throughout the current range. Several rebounds started from that region, showing strong demand whenever the price trades near it. Meanwhile, the price is also sitting below the $676.43 resistance zone. That level rejected advances in March and early June. Therefore, buyers must reclaim $676.43 before a larger recovery can develop.

2. Ethereum (ETH)

ETH is trading at $1,745, representing a 1.21% increase over the past 24 hours. The market cap stands at $210.69 billion, while the trading volume has increased by 32.55% to $10.97 billion.

Best Cryptocurrencies to Buy Today, June 22 – BNB, Ethereum, Litecoin
Ethereum Price Chart: CoinMarketCap

Ethereum remains trapped between major support and resistance zones after the sharp June selloff. The decline slowed once the price reached the $1,550 demand zone. Ethereum then rebounded toward $1,750 and recovered a portion of the recent losses.

The $2,009 to $2,030 region stands as the next major obstacle. Ethereum spent several sessions trading around that area before the June collapse. Above that, the $2,360 to $2,400 supply zone marks the strongest resistance on the chart. The $1,550 region remains the foundation of the current recovery attempt. A failure there would expose the lower demand zone around $1,430, where Ethereum previously found support during earlier declines.

3. Litecoin (LTC)

LTC is trading at $44.83, a 0.02% increase in the past day. The trading volume has increased by 27.68% to $197 million, while the market cap stands at $3.46 billion. Meanwhile, the coin has lost 13.86% on the monthly chart.

Best Cryptocurrencies to Buy Today, June 22 – BNB, Ethereum, Litecoin
Litecoin Price Chart: CoinMarketCap

Litecoin is entering an accumulation phase after a sharp decline pushed the price toward the $41.45 support zone. Earlier in the year, Litecoin followed a similar pattern. The price dropped from the $68 region, stabilized near $52, and then traded sideways for weeks before another move higher.

Best Cryptocurrencies to Buy Today, June 22 – BNB, Ethereum, Litecoin
Source: TradingView

Meanwhile, the $48 region stands as the first resistance level. Above that, Litecoin could target the previous range between $52 and $56. If the broader crypto market improves, Litecoin could repeat its earlier recovery pattern from support and challenge higher resistance levels.

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