- The total crypto market cap climbed further higher above the $280.0B resistance area.
- Binance coin (BNB) price is up more than 5% and it is approaching the $35.00 resistance area.
- Litecoin (LTC) price is consolidating above the $130.00 support area.
- Bitcoin cash price is holding the $420 support and it could climb higher in the near term.
- Tron (TRX) price is slowly moving higher towards the $0.0350 and $0.0380 resistance levels.
Bitcoin Cash Price Analysis
There was a successful close above the $420 level in bitcoin cash price against the US Dollar. The BCH/USD pair made a couple of attempts to gain strength above $435, but it failed. The pair is currently consolidating above the $420 level and it could accelerate above the $430 and $435 levels in the near term.
Conversely, if there is a downside break below $420, the price is likely to retest the main $400 support level.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price started a fresh increase after a nasty decline below the $32.00 support. BNB price is currently up more than 5% and it recently broke the $33.00 and $34.00 resistance levels. The next major resistance is near $35.00, above which there are chances of more upsides in the near term.
Litecoin price struggled to clear the $140.00 and $142.00 resistance levels. LTC price recently corrected lower, but it remained above the $130.00 support level. If there are more losses, the price might decline towards the $122.00 or $120.00 support area. On the upside, the main hurdles for the bulls are near $140.00 and $150.00.
Tron price settled above the $0.0320 level and it is slowly moving higher. TRX price is currently above $0.0330 and it is likely to test the $0.0350 resistance. The next key resistance is near the $0.0380 level. On the downside, the main support for buyers is near the $0.0320 level.
Looking at the total cryptocurrency market cap hourly chart, there were steady gains above the $265.0B and $270.0B levels. The market cap even broke the last swing high and recently climbed to a new monthly high above $280.0B. A swing high was formed near $281.0B and it is currently consolidating gains. On the downside, there are many supports near the $272.0B and $270.0B levels. Overall, there are chances of more gains and dips remain well supported in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.