Bitcoin And Crypto Market Cap Resume Decline: LTC, BNB, BCH, TRX Analysis

0
31

  • The total crypto market cap failed to climb above the $220.0B resistance and declined recently.
  • Bitcoin price is down 3% and it is now trading below the $8,000 support area.
  • Binance coin (BNB) price failed to stay above the $18.00 support and resumed its decline.
  • Litecoin (LTC) price is down around 4% and it is approaching the $52.00 support zone.
  • BCH price is down nearly 6% and it is now testing the $215 support area.
  • Tron (TRX) price is declining and is trading below the key $0.0150 support area.

The crypto market cap and bitcoin (BTC) are gaining bearish momentum. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS are likely to extend downsides.

Bitcoin Cash Price Analysis

Yesterday, BCH price made an attempt to surpass the $235 and $240 resistance levels against the US Dollar. However, BCH failed to continue higher and started a fresh decline. It broke the $225 level and it is now trading near the $220 level.

The next key support is near the $215 level, below which it could revisit the $205 support. On the upside, an initial resistance is near the $230 level, but the main hurdles are still $235 and $240.

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

Binance coin (BNB) struggled to climb above the $18.80 resistance this week and recently declined below the $18.20 support. BNB price is now trading below the $18.00 support and it could continue to decline towards the $17.60 and $17.50 support levels. On the upside, the $18.00 and $18.20 levels are now hurdles for a fresh increase.

Litecoin price made many attempts to break the $55.00 and $55.50 resistance levels, but it failed. As a result, LTC price declined recently and broke the $53.50 support. An immediate support is near the $52.00 level, below which it could slide towards the $50.50 and $50.00 support levels.

Tron price failed to stay above the $0.0152 and $0.0150 support levels. TRX price is currently down 5% and it is likely to decline towards the $0.0145 support level. If there are more downsides, the next stop for the bears might be near the $0.0142 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a significant failure near the $218.0B and $220.0B levels. As a result, the market cap declined recently and broke the $212.0B support area. An immediate support is near the $205.0B area, below which there is a risk of an extended decline towards the $200.0B area.

Bitcoin Crypto Market Altcoins ETH XRP EOS BNB TRX ADA LTC

Crypto Market Cap

On the upside, the main hurdles are near the $215.0B and $220.0B levels. Overall, there is a risk of more downsides in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.

The post Bitcoin And Crypto Market Cap Resume Decline: LTC, BNB, BCH, TRX Analysis appeared first on NewsBTC.