Categories: AnalysisTechnical

Crypto Market Adds $10B: Litecoin (LTC), Bitcoin Cash, Tron (TRX), XLM Price Analysis

  • The total crypto market cap added more than $10.0B recently and broke the $130.0B resistance.
  • Litecoin (LTC) price gained momentum and broke the $45 and $47 resistance levels.
  • Bitcoin cash price rallied close to 15% and tested the $150 resistance area.
  • Tron (TRX) price managed to climb back above the $0.0250 resistance zone.
  • Stellar (XLM) price is slowly correcting higher towards the $0.0880 and $0.0920 levels.

The crypto market extended gains, with bullish moves in bitcoin (BTC) and Ethereum (ETH). Besides, litecoin, ripple, bitcoin cash, tron (TRX), stellar (XLM) and other altcoins also gained traction.

Bitcoin Cash Price Analysis

Bitcoin cash price started a solid upward move recently and broke the $130 resistance against the US Dollar. The BCH/USD pair gained traction and surpassed the $140 and $145 resistance levels. The price is up close to 15% and it recently tested the $150 resistance level.

At the moment, the price is correcting lower towards the $146 and $145 support levels. The mains support on the downside is at $142 and the key resistance on the upside is at $150 and $155. In the short term, there could be a downside correction before a fresh wave towards $155.

Litecoin (LTC), Tron (TRX) and Stellar (XLM) Price Analysis

Litecoin price also moved higher and broke the $45 resistance area. LTC is up around 7% and it recently broke the $47 resistance. It seems like the current price action is positive, with chances of more upsides above the $48 and $50 resistance levels. On the downside, the key supports are visible near $46 and $45.

Tron price formed a support base near the $0.0240 level and later started an upside correction. TRX price moved above the $0.0250 resistance, opening the doors for a decent recovery. The next major hurdles for buyers are $0.0255 and $0.0262 in the near term.

Stellar price also started an upside correction and moved above the $0.0800 resistance. XLM price is currently trading above $0.0840 and it could soon test the $0.0880 resistance level. The main resistance is at $0.0920, above which it could test the $0.1000 resistance zone.

Looking at the total cryptocurrency market cap hourly chart, buyers gained control above the $120.0B and $121.0B resistance levels. The market cap rallied and broke the $125.0B and $130.0B resistance levels. A high was formed near $131.0B and it is currently correcting lower. However, there is a strong support formed near the $126.0B level and a bullish trend line on the same chart. On the upside, the main resistances are $130.0B and $132.0B, followed by $135.0B. Therefore, dips remain supported in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX and other altcoins in the coming sessions.

Crypto Market Adds $10B: Litecoin (LTC), Bitcoin Cash, Tron (TRX), XLM Price Analysis was last modified: February 19th, 2019 by Aayush Jindal
Tags: BCHBitcoin CashbtcLitecoinltcstellarTRONTRXXLM

Recent Posts

  • Bitcoin
  • Industry

Winklevoss Twins Double Down On “Bitcoin Is Gold 2.0” Narrative

Although the crypto industry has changed dramatically in its decade-long lifespan, the narrative surrounding Bitcoin (BTC), along with its cardinal value…

2 hours ago
  • Bitcoin
  • Crypto
  • Ethereum

Analyst: Crypto Markets May Be Gearing Up for Massive Surge as Bitcoin Continues Climbing

Bitcoin has been on the up-and-up for several weeks and is now once again nearing the $8,000 region despite facing…

4 hours ago
  • Bitcoin
  • Industry

Bitcoin Bounces To $8,100, Yet Analysts See Potential For Healthy Pullback

No one expected what Bitcoin (BTC) did in the past 24 hours. According to Messari's OnChainFX, the leading cryptocurrency is…

5 hours ago
  • Bitcoin
  • Crypto

Bitcoin May Be Gearing Up for a Move to $10,000 as Upwards Momentum Continues

Despite facing increased levels of downwards pressure earlier this week that temporarily put Bitcoin’s upwards momentum in jeopardy, the cryptocurrency…

6 hours ago
  • Analysis
  • Bitcoin
  • Crypto
  • Technical

Bitcoin Price Retests $8,000 Following 21.37% Drop – Is $11,000 Next?

Bitcoin has made a come back following three days of depressive price movements that led to a 21.37 percent drop.…

15 hours ago
  • Analysis
  • Technical

Bitcoin (BTC) Price Weekly Prediction: Indicators Suggest Rally To $9,000

There was a strong buying interest for bitcoin near the $6,800 support area against the US Dollar. The price started…

20 hours ago