- The total crypto market cap broke a major resistance area near the $188.0B level.
- Bitcoin price is up more than 5% and it broke the $7,400 resistance area.
- Litecoin (LTC) price is slowly rising towards the $48.50 and $49.20 resistance levels.
- BCH price is rising and it managed to climb above the $220 resistance area.
- EOS price is now trading nicely above $2.500 and it might soon test $2.850.
- Binance coin (BNB) is back above $16.00 and it could continue to rise above $16.50.
Bitcoin Cash Price Analysis
After a decent upward move, bitcoin cash price settled above the $200 level against the US Dollar. Moreover, BCH price broke the $210 resistance area and it is now trading near the $220 level. If it breaks the $225 resistance, there are chances of a strong rise in the near term.
If there is a downside correction, the $210 level may perhaps provide support. The main support is near $200, below which the price could resume its decline.
Binance Coin (BNB), Litecoin (LTC) and EOS Price Analysis
Binance coin (BNB) price found support above the $15.00 level and it recently started a decent recovery. BNB price is now trading above the $16.00 resistance and it could continue to rise. An immediate resistance is near the $16.50 level, above which the price is likely to test the $17.20 hurdle.
Litecoin price is holding the $45.50 support area and it is slowly recovering. LTC price is now trading above the $47.00 level, but it is still trading below the main $48.50 and $50.00 resistance levels. On the downside, the main supports are near $45.50 and $44.50.
EOS price is up more than 3% and it is now trading well above the $2.500 and $2.600 levels. An immediate resistance is near the $2.720 level, above which the price might face a strong hurdle near the $2.850 resistance. On the downside, the main support is now near the $2.500 level.
Looking at the total cryptocurrency market cap hourly chart, there was a break above the key $190.0B resistance and a bearish trend line. It opened the doors for more upsides above $195.0. However, the crypto market cap needs to climb above the main $200.0B resistance to continue higher.
Overall, there are chances of more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins in the near term.