Bitcoin & Crypto Market Cap In Uptrend: Litecoin, BNB, BCH, TRX Analysis

Aayush Jindal

Last Updated: June 11, 2024 1:46 pm

2 mins read

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The total crypto market cap extended its upside above the $300.0B resistance area.
Bitcoin price rallied towards the $12,000 resistance and it is currently correcting lower.
Binance coin (BNB) price seems to be consolidating above the $27.20 support area.
Litecoin (LTC) price spiked above the $100.00 level, but it failed to stay above $100.00.
BCH price is correcting lower after trading above the $350 resistance level.
Tron (TRX) price failed to stay above the key $0.0230 and $0.0232 resistance levels.

The crypto market cap and bitcoin (BTC) are currently following an uptrend. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS remains supported on dips.

Bitcoin Cash Price Analysis

In the past few days, there was a steady rise in BCH price above the $320 level resistance against the US Dollar. The BCH/USD pair even broke the $340 and $350 resistance levels. The price traded as high as $355 and it is currently correcting lower. An immediate support is near the $340 level, below which the price could test the $325 level.

On the upside, an immediate resistance is near the $350 level. If there is an upside break above $350, there could be more gains in the near term towards $360 and $370.

Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis

Binance coin (BNB) price climbed above the $28.00 resistance, but it failed to continue above $28.25. As a result, there was a break below $28.00 and it seems like BNB price is currently consolidating above the $27.20 support. If there is an upside break above $28.00, the price could climb towards $28.25 or $28.50. Conversely, a break below $27.20 might call for $26.40.

Litecoin price spiked higher due to halving and related events. LTC price broke the $100.00 and $102.00 levels. However, it failed to hold gains above $100.00 and it is currently trading near the $95.00 support. If there are more losses, the price could test the $92.00 or $90.00 support.

Tron price managed to break the key $0.0230 and $0.0232 resistance levels. However, TRX price failed to continue higher and trimmed most its recent gains. It is now trading below the $0.0250 level and it might revisit the $0.0220 support level in the near term.

Looking at the total cryptocurrency market cap 4-hours chart, there was a solid upward move above the $285.00 and $290.0B resistance levels. The market cap even climbed above the $300.0B resistance and tested the $310.0B level. It is currently correcting lower, but there are many supports on the downside near the $293.0B and $290.0B levels. Therefore, dips remain supported in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the coming sessions.

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.

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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.