Bitcoin & Crypto Market Cap Nears Next Break: LTC, BNB, BCH, TRX Analysis

  • The total crypto market cap is approaching the next break either above $305.0B or below $292.0B.
  • Bitcoin price is facing a strong resistance near the $12,000 level.
  • Binance coin (BNB) price extended gains above the $30.50 and $31.00 resistance levels.
  • Litecoin (LTC) price is slowly declining towards the key $86.00 support area.
  • BCH price is trading near the $330 support level, below which it could test $310.
  • Tron (TRX) price is currently consolidating losses below the $0.0220 resistance area.

The crypto market cap and bitcoin (BTC) are currently facing a lot of hurdles. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM and EOS are currently under pressure, while BNB climbed higher.

Bitcoin Cash Price Analysis

After BCH price failed near the $350 resistance, there was a steady decline against the US Dollar. The BCH/USD pair broke the key $340 support level and it is currently trading near the $330 support level. If there are more downsides, the price could accelerate losses towards the $310 support level.

On the upside, the previous support near the $340 level might act as a strong resistance. The next key resistance is near the $350 and $355 levels.

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

Binance coin (BNB) price started a strong upward move recently above the $28.50 and $30.00 resistance levels. BNB price is up around 5% today and it broke the $31.00 resistance as well. The next key resistances are near the $31.20 and $31.45 levels. If there is a downside correction, the previous resistance near the $30.20 level might act as a decent support.

Litecoin price failed to continue above the $100.00 resistance and recently declined below the key $95.00 support. LTC price even broke the $92.00 support and it seems like the price is heading towards the $86.00 and $85.00 support levels in the near term. On the upside, the $92.00 and $95.00 levels are likely to act as hurdles.

Tron price settled below the key $0.0220 level and it is currently consolidating…

Source Link