- The total crypto market cap is slowly rising and it is now above the $185.0B support.
- Bitcoin price rallied recently, but it failed to climb above the $7,500 resistance.
- Binance coin (BNB) price is up more than 5% and it broke the $14.20 resistance area.
- Litecoin (LTC) price is slowly recovering and it is now trading above $42.50.
- BCH price surged above the $205 and $210 resistance levels.
- Tron (TRX) price is climbing and it could soon test the $0.0140 resistance area.
Bitcoin Cash Price Analysis
After consolidating above the $185 support, bitcoin cash price started a decent upward move against the US Dollar. BCH price gained more than 5% and it broke the $200 and $205 resistance levels.
The price is now trading above $210 and it seems like the bulls are aiming a test of the $225 barrier. Any further gains might set the pace for more upsides towards the $250 level in the near term.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) is recovering and it recently managed to break the $14.00 resistance level. BNB price is up around 5% and it is now trading above the $14.20 level. The next major resistance is near $14.50, above which the price will most likely test the $15.00 resistance area.
Litecoin price formed a nice support base near the $40.00 level. LTC price started a steady rise and broke the $41.20 and $42.50 resistance levels. It is now trading above $43.00 and facing a major hurdle near the $44.20 and $45.00 levels. On the downside, the $41.20 level may now act as a support.
Tron price is holding the $0.0130 support area and it is currently recovering. TRX price is trading above $0.0135 and it could make an attempt to surpass the $0.0140 resistance. A close above $0.0140 might lead the price towards the $0.0150 level.
Looking at the total cryptocurrency market cap 4-hours chart, there was a decent recovery above the $182.0B and $185.0B resistance levels. The crypto market cap even rallied above $190.0B and tested the $195.0B resistance.
It is currently consolidating near the $190.0B levels, with supports near $185.0B. On the upside, a clear break above $200.0B is likely to spark strong gains in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.