Bitcoin & Crypto Market Near Key Juncture: LTC, BNB, BCH, TRX Analysis

  • The total crypto market cap declined towards the $ 235.0B level and recently corrected higher.
  • Bitcoin price is also correcting higher, but it is facing hurdles near $ 9,800 and $ 10,000.
  • Binance coin (BNB) price recovered more than 10% and broke the $ 27.00 resistance area.
  • Litecoin (LTC) price rallied recently above the $ 80.00 and $ 85.00 resistance levels.
  • BCH price is slowly approaching towards the key $ 300 resistance area.
  • Tron (TRX) price is up around 10% and it is currently trading above the $ 0.0220 level.

The crypto market cap and bitcoin (BTC) are currently near an important juncture. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS are showing signs of a short term recovery.

Bitcoin Cash Price Analysis

After a sharp decline below the $ 300 level, BCH price found support near the $ 270 level against the US Dollar. The BCH/USD pair started an upside correction and traded above the $ 280 and $ 290 levels. It seems like the price is slowly recovering and it could soon test the key $ 300 resistance level.

If there is an upside break above $ 300, the price could correct towards the $ 320 level. If not, the price is likely to decline again below the $ 290 and $ 280 level in the near term.

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

Binance coin (BNB) price found strong support near the $ 24.00 level and it recently started an upward move. BNB price broke the $ 25.00 and $ 26.50 resistance levels. It even broke the $ 27.00 resistance and it may soon test the $ 27.50 resistance level.

Litecoin price found support near the $ 75.00 level after a massive decline. LTC price jumped higher recently and broke the $ 80.00 resistance level. The price is up more than 12% and it is approaching towards the $ 92.00 and $ 95.00 resistance levels, where sellers could emerge.

Tron price tested the $ 0.0200 support level and recently corrected higher. TRX price is up around 10% and it broke the $ 0.0215 and $ 0.0220 resistance levels. The next key resistance on the upside is near the $ 0.0230 and $ 0.0232 levels.

Bitcoin Crypto Market Cap Altcoins ETH, XRP, BCH, LTC, EOS, TRX, ADA, BNB

Looking at the total cryptocurrency market cap 4-hours chart, there was a downside extension below the $ 250.0B support area. The market cap moved towards the $ 235.0B level and formed a swing low at $ 234.9B. It recently corrected higher and broke the $ 245.0B and $ 250.0B resistance levels. However, there is a strong resistance formed near the $ 260.0B level and a bearish trend line, which is currently acting as a barrier. If there is an upside break above the trend line, there could be a decent comeback n bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.

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Analysis – NewsBTC

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