Crypto Market Cap & Bitcoin Rebounds Positively: BCH, Litecoin, ADA, TRX Analysis

Aayush Jindal

Last Updated: June 11, 2024 1:45 pm

2 mins read

Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS

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The total crypto market cap found support near the $250.0B level and recently corrected higher.
Bitcoin price recovered more than 5% and broke the $10,000 resistance area.
Litecoin (LTC) price started a strong upward move above the $90.00 and $95.00 resistance levels.
BCH price is back above the $300 resistance and is trading with a positive bias.
Tron (TRX) price is currently consolidating losses above the $0.0230 support level.
Cardano (ADA) price is up around 10% and it is currently approaching the $0.0600 resistance.

The crypto market cap and bitcoin (BTC) are currently approaching key resistance levels. Ethereum (ETH), LTC, BCH, EOS, cardano, ripple, TRX, XLM and BNB are showing positive signs.

Bitcoin Cash Price Analysis

Bitcoin cash price found support near the $280 level after yet another downward move against the US Dollar. BCH/USD started a decent recovery and broke the $290 and $300 resistance levels. The price is up around 7% and it is likely to test the $320 resistance level in the near term.

On the downside, an initial support is near the $300 level. If there is a downside break below $300, the price could decline further towards the $280 support area.

Cardano (ADA), Litecoin (LTC) and Tron (TRX) Price Analysis

Litecoin price performed really well as the bulls defended the $85 support area. LTC price started a strong upward move and broke the $90.00 and $95.00 resistance levels. The price is up more than 7% and it seems like it could test the $98.00 and $100.00 resistance levels in the coming sessions.

Tron price declined heavily in the past three days and broke the $0.0280 and $0.0250 support levels. TRX price tested the $0.0225 support level and it is currently consolidating above the $0.0230 level. On the upside, there are many resistances near the $0.0245 and $0.0250 levels.

Cardano price remained well bid above the $0.0500 level and recently started a solid upward move. ADA price gained more than 10% and broke the $0.0580 resistance level. The current price action suggests that the price may even attempt to settle above the key $0.0600 resistance level in the short term.

Looking at the total cryptocurrency market cap 4-hours chart, the $250.0B level acted as a decent support after a steady decline. The market cap started a decent recovery above the $260.0B resistance level. However, it seems like there is a major resistance forming near $270.0B and a connecting bearish trend line. Therefore, an upside break above $270.0B might start a significant upward move. If not, there is a risk of a fresh drop to $250.0B. Overall, it seems like there are chances of more gains in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins in the near term.

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.