Crypto Market And Bitcoin In Correcting Increase: BCH, Litecoin, EOS, XLM Analysis

  • The total crypto market cap is holding the key $200.0B support area, with corrective signs.
  • Bitcoin price is currently correcting higher and it recently broke the $8,400 resistance.
  • Litecoin (LTC) price is up more than 6% and it broke the $55.00 resistance area.
  • Bitcoin cash price gained nearly 7% and it managed to break the $230 resistance.
  • EOS price surged more than 10% and it climbed above the $2.850 and $3.000 resistances
  • Stellar (XLM) price is back above the $0.0600 level and it is currently showing positive signs.

The crypto market cap and bitcoin are currently correcting higher. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are recovering nicely.

Bitcoin Cash Price Analysis

After consolidating above the $210 level, BCH price started a decent upside correction against the US Dollar. The BCH/USD pair broke the $225 and $230 resistance levels. The price is now up more than 6% and it is currently trading near the $233 level.

If there is an upside break above $235, the price could continue to rise towards the $250 resistance. On the downside, the previous support near the $220 level might provide support.

Litecoin (LTC), EOS and Stellar (XLM) Price Analysis

Litecoin price found support above the $50.00 level and it recently climbed above the $55.00 resistance area. LTC price is now trading above $57.00 and it may soon test the $60.00 resistance area in the coming sessions. On the downside, the $55.00 level may now act as a support.

EOS price performed really well and it broke the $2.850 and $3.000 resistance levels. The price is up more than 10% and it is trading near the $3.050 level. If there are more upsides, the price could test the $3.200 resistance level in the coming sessions.

Stellar price started a decent upside correction after it broke the $0.0585 resistance level. XLM price even broke the $0.0600 resistance and it is currently testing the $0.0620 resistance level. If there are more upsides, the price might test the $0.0650 resistance area.

Bitcoin Crypto Market Altcoins ETH XRP EOS BNB TRX ADA LTC

Looking at the total cryptocurrency market cap 4-hours chart, the $200.0B support area is acting as a strong barrier for sellers. The market cap is currently correcting higher and it recently broke the $210.0B and $215.0B resistance levels. Moreover, there was a break above a connecting bearish trend line with resistance near $212.0B level. It seems like there could be more upsides towards the $220.0B and $225.0B resistances in the coming sessions. Therefore, there are chances of more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins. Only a close below the $200.0B level might negate the current bullish move.

Let’s block ads! (Why?)

Source: Newsbtc

loading...