Cryptocurrency

Crypto Market Approaching Next Break: BNB, Litecoin, Bitcoin Cash, TRX Analysis

  • The total crypto market cap forms an essential breakthrough over the support area of $225.0B.
  • The price of the coin (BNB) has recently rallied and is currently consolidated above $30.00.
  • The price of Litecoin (LTC) is down approximately 4 percent and recently broke support from $90.00.
  • Bitcoin cash price dropped above 6% and traded under the supports of $400 and $395.
  • Tr
    on price (TRX) is under pressure, and the key support area $0.0265 could be re-tested.

The crypto market cap forms a considerable pattern of breakup with negative moves of Bitcoin (BTC) and Ethereum (ETH). Before the new increase BNB, litecoin, ripple, bitcoin cash, TRX, XLM, and EOS might weaken.

Bitcoin Cash Price Analysis

Bitcoin cash prices failed to gain momentum above the US dollar levels $410 and $415. The BCH / USD pair began a fresh

decline and broke the aid levels of $400 and $395. The pair is now testing the level of $390, and it seems to be higher in the short term.

On the top, the initial resistance is close to $385, above which the price can bounce back to the next major resistance at $405. The main supports on the downside are $390 and $385.

Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis

Prices this week gained a strong boom and stood above the $30.00 and $32.00 levels. Recently, the BNB price was reduced and it is currently consolidating above the level of $30.00. When a downside break occurs, the price can test the support of $28.00.

The

price of Litecoin has mostly reduced its profits by well above $100.00 and recently decreased under $95.00 and $90.00. The price of the LTC is under pressure and appears to be able to test the $84.00 main support before a new increase in the short term.

Tron prices had a difficult time breaking the 0.0290 dollars level and recently dropped below 0.0285 dollars. TRX is down about 5% and trading is about $0.0275. The main downside support is $0.0265, where bulls could appear.

Crypto Market Cap Bitcoin Cash BCH BTC LTC TRON BNBIn view of the total market cap hourly chart for cryptocurrency, contracting ranges were over the level of support of $220.0B. The market cap has been struggling to boost the resistance level above $240.0B and has recently declined to $225.0B. Especially importantly, the breakout pattern consists of $225.0B of support and resistance near the $240.0B level. An upside down break over the $240.0B barrier might spark a sharp upward trend in Bitcoin, Ethereum, EOS, litecoin, ripple, binance, BCH, TRX, XMR, XLM etc. Otherwise, there is a risk of further losses below the support levels of $225.0B and $220.0B. The next major support is close to the $210.0B area.

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