[ad_1]
Key points
- The total cryptographic market limit has recently decreased and has tested the support of $ 130.00B.
- The price of Litecoin (LTC) began to consolidate gains after testing the resistance of $ 40.
- Bitcoin's cash price fell 4% and outperformed $ 60.
- Tron (TRX) extended gains and exceeded the resistance level of $ 0.0235.
- Cardano's earnings (ADA) were reduced and traded under the support of $ 0.0480.
Bitcoin liquidity has started a downward correction below $ 160. BTC, Ethereum, ripple, Litecoin (LTC), Tron (TRX) and Cardano (ADA) work well above the key support levels.
Bitcoin cash price analysis
The cash price of the bitcoin failed to cancel resistance levels $ 165 and $ 170 against the US dollar. BCH / USD started a downward correction and traded below the $ 160 support. The price drops by more than 4% and may continue to fall to support levels of $ 155 and $ 150.
On the upside, a break above the $ 160-162 zone could clear the path for a push towards the $ 170 resistance. A proper break above the $ 170 barrier is required for upward acceleration.
Litecoin (LTC), Tron (TRX) and ADA price analysis
The price of Litecoin has grown very recently and has exceeded the resistance levels of $ 34 and $ 36. LTC also tested the resistance from $ 40 and then started a downward correction. The main supports on the negative side are at $ 36 and $ 34.
The price of Tron remained in the green zone and exceeded the resistance levels of $ 0.0235. The TRX price could perhaps continue to rise towards resistance levels of $ 0.0245 and $ 0.0250.
The price of Cardan started a downward correction after testing resistance levels of $ 0.0500. ADA is currently trading below the $ 0.0480 support and seems to be able to extend the correction. The next key support is $ 0.0455, below which the price may fall towards the $ 0.0420 support.
Looking at the time chart of the total capital cryptocurrency market cap, there was a refusal close to the $ 137.00B level. The market capitalization started a downward correction and moved below the $ 135.00B level. However, the $ 130.00B support acts as a solid barrier. It is also a bullish trend line with support for $ 129.00B on the hourly chart. Therefore, Bitcoin, Ethereum, EOS, litecoin, ripple and other altcoins remain supported on the downside and could recover in the near future.
Source connection
