The cryptocurrency market today seems to be fighting a bearish storm. At the time of writing only Tether [USDT] the stablecoin is worn out by a strong bear market. The best players in the crypto market are showing a collapse in performance with Bitcoin Cash [BCH] and Litecoin [LTC] undergoing a sharp sinking.
Similar to other coins, Bitcoin Cash [BCH] shows a disappointing investors fall heavily. BCH has decreased by 8.87% in the last 24 hours. Prices that found support at $ 541.8 suffered a breakout and it seems that it is heading towards the critical support level found at $ 480. While prices look at the $ 601 handle, the current resistance level is set at $ 576. The 100 EMA line at $ 551.88 is down with the MACD in a bearish zone. BCH is currently trading at $ 510.3 and with a trading range of $ 506.4 to $ 576.4.
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. Bitcoin Cash is down against BTC at a rate of 6.42%. Currently, a BCH is equal to 0.0821 BTC.
According to Tradingbeasts, BCH prices should touch $ 1930- $ 2838 by the end of the year. Profitconfidential is a little too optimistic about the future of Bitcoin Cash. They predict that the price of BCH would be around $ 7,000 by the end of this year.
Longforecast believes that prices will close at $ 412 at the end of the year. They predict that BCH would touch $ 1150 by the end of 2020.
Litecoin [LTC] is currently trading at $ 53.784 and has lost over 6.71% in the last 24 hours against the USD. Sales pressure is rising and prices may fall to reach the local support level found at $ 50. Prices that found support at $ 55.193 during the day have experienced a breakout and have yet to find the right foot. Strong downward winds are causing prices to move away from the current resistance level of $ 57.778. The 100 EMA line at $ 56.94 shows a downward trend with the MACD showing a bearish momentum.
At the time of writing an LTC is equal to 0.0086 BTC. LTC has lost against BTC of 3.62% in the last 24 hours
LTC Price Prediction 2018, 2020
According to Smartereum, many members of the crypto community believe that cryptography could potentially close the year at around $ 600 about. Turning to a forecast of investingpr.com, the price of the currency could go up to $ 1,000 within this year.
Steemit.com predicted that the digital asset could reach $ 3,500 by 2020 while Longforecast.com expects virtual currency to be in the range of $ 780- $ 1,374 in 2020.
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