- The total crypto market cap is gaining momentum above the $260.0B and $265.0B resistances.
- Bitcoin price is showing positive signs and it recently broke the key $10,200 resistance area.
- Binance coin (BNB) price is rising steadily and it recently broke the $28.00 resistance area.
- Litecoin (LTC) price tested the $100.00 resistance once again, but failed to continue higher.
- BCH price is moving higher once again towards the $330 and $335 resistance levels.
- Tron (TRX) price seems to be consolidating above the key $0.0220 support area.
Bitcoin Cash Price Analysis
After a short term correction, BCH price found support near the $320 level against the US Dollar. The BCH/USD pair is currently moving higher and it could rise towards the $330 resistance level. If there are more gains, the price could rise towards the $340 resistance level.
If the price fails to continue higher, it could decline once again towards the $320 support. Therefore, if there are more losses, there are chances of a dip towards the $305 support area.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price started a steady rise from the $26.20 support level. BNB price broke the key $27.00 and $28.00 resistance levels. It even traded close to the $29.00 level and is currently correcting lower. The main support is near $28.00, followed by $27.80. On the upside, a break above $29.00 might push the price towards the $30.00 level.
Litecoin price is trading in a positive zone, but it seems to be struggling to gain momentum above the $100.00 resistance. Moreover, LTC price made two attempts to break the $100.00 resistance, but it failed. It is currently consolidating above the $95.00 and $92.00 support levels.
Tron price remains in a bearish zone below the $0.0230 resistance level. TRX price is under pressure and it might even break the $0.0220 support level once again. The next key supports are near $0.0210 and $0.0205, followed by the main $0.0200 barrier.
Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise above the $260.0B and $265.0B resistance levels. There was even a close above the $270.0B resistance and the 100 simple moving average. On the upside, the next important resistance is near the $280.0B and $284.0B levels. A break above $284.0B might push the market cap towards $300.0B. Therefore, there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the coming sessions.