Crypto Market And Bitcoin In Correcting Increase: BCH, Litecoin, EOS, XLM Analysis – newsBTC

The crypto market cap and bitcoin are currently correcting higher. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are recovering nicely.

After consolidating above the $210 level, BCH price started a decent upside correction against the US Dollar. The BCH/USD pair broke the $225 and $230 resistance levels. The price is now up more than 6% and it is currently trading near the $233 level.

If there is an upside break above $235, the price could continue to rise towards the $250 resistance. On the downside, the previous support near the $220 level might provide support.

Litecoin price found support above the $50.00 level and it recently climbed above the $55.00 resistance area. LTC price is now trading above $57.00 and it may soon test the $60.00 resistance area in the coming sessions. On the downside, the $55.00 level may now act as a support.

EOS price performed really well and it broke the $2.850 and $3.000 resistance levels. The price is up more than 10% and it is trading near the $3.050 level. If there are more upsides, the price could test the $3.200 resistance level in the coming sessions.

Stellar price started a decent upside correction after it broke the $0.0585 resistance level. XLM price even broke the $0.0600 resistance and it is currently testing the $0.0620 resistance level. If there are more upsides, the price might test the $0.0650 resistance area.

Looking at the total cryptocurrency market cap 4-hours chart, the $200.0B support area is acting as a strong barrier for sellers. The market cap is currently correcting higher and it recently broke the $210.0B and $215.0B resistance levels. Moreover, there was a break above a connecting bearish trend line with resistance near $212.0B level. It seems like there could be more upsides towards the $220.0B and $225.0B resistances in the coming sessions. Therefore, there are chances of more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins. Only a close below the $200.0B level might negate the current bullish move.

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Crypto Market And Bitcoin In Correcting Increase: BCH, Litecoin, EOS, XLM Analysis - newsBTC

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