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Key points
- The maximum encryption limit on the market extended the downturns and tested the $ 102.00B level.
- The price of Litecoin (LTC) is in difficulty under the resistance of $ 30, with a bearish angle.
- Bitcoin's cash price is currently consolidating near the $ 100 level.
- Tron (TRX) is currently flat near the $ 0.0132 level, with displacements away.
- The Cardano price (ADA) fell below the support level of $ 0.0300.
Bitcoin money has been traded above $ 100 and is currently under consolidation. Litecoin (LTC), Tron (TRX) and Cardano (ADA) remain in a bearish zone, with the possibility of further losses.
Bitcoin cash price analysis
Bitcoin's cash price has managed to rise above the $ 100 level recently, but has faced many hurdles close to $ 105 and $ 110 levels. If BCH / USD continues to struggle to exceed $ 110, there may be a new fall below $ 100 and $ 95 in the short term.
The key support is at $ 92, below which the price slides towards $ 85. On the upside, the price must break resistance levels $ 105 and $ 110 to move into a positive zone.
Litecoin (LTC), Tron (TRX) and ADA price analysis
The price of Litecoin suffered a sharp drop in sales near the $ 30 and $ 28 levels recently. LTC has declined and traded near the $ 20 support area. The price is consolidating above $ 22 and could perhaps adjust higher towards $ 26 or $ 28.
During the last two days, there were only shifts away from the $ 0.0130 level in the price of Tron. On the upside, the price seems to struggle to cancel resistance levels of $ 0.0135 and $ 0.0140.
The price of Cardano has undergone an increase in sales and decreased below the support of $ 0.0300. The ADA is down about 2% and it seems that the price could fall further towards the support of $ 0.0285 or $ 0.0280.
Looking at the hourly chart of the total capital cryptocurrency market cap, there was a 'bearish extension' under the support of $ 105.00B. The market capitalization tested the support zone of $ 102.00B and is currently in a range. On the upside, there are a lot of resistance near $ 105.00 B and a bearish trend line. Therefore, positive sides are likely to remain limited in Bitcoin, Ethereum, neo, litecoin, ripple and other short-term altcoins.
