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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Crypto Market Cap & Bitcoin Holding Uptrend: BCH, Litecoin, ADA, TRX Analysis

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
technical analysis altcoins

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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  • The total crypto market cap corrected lower after a solid run towards $215.0B.
  • Bitcoin price is currently trading above the $11,500 support after a strong downside correction.
  • Litecoin (LTC) price is now trading below the $95.00 support after a failed break above $100.00.
  • BCH price is correcting gains and it could retest the $330 support level.
  • Tron (TRX) price broke the key $0.0220 support and it could extend losses.
  • Cardano (ADA) price is declining towards the key $0.0520 support level in the near term.

The crypto market cap and bitcoin (BTC) are holding important uptrend support. Ethereum (ETH), LTC, BCH, EOS, cardano, ripple, TRX, XLM and BNB might start a decent recovery.

Bitcoin Cash Price Analysis

Bitcoin cash price spiked above the $350 resistance against the US Dollar, but it failed to hold gains. BCH/USD started a downside correction and recently traded below the $340 support level. The price is currently below $340 and it seems like it could extend its correction towards the $330 support level.

On the upside, the $340 level might once again act as a resistance. However, the main resistance is near the $350 and $352 levels.

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

Litecoin price surged above the $100.00 resistance level, but it failed to settle above $100.00. A swing high was formed near $105.00 and the price declined below the $95.00 support level. The next key support is near the $92.00 level. On the upside, the main resistance of a strong upward move is near the $100.00 level.

Tron price remained in a bearish zone and it failed to correct above the $0.0230 resistance. TRX price declined below the $0.0220 support level and it is currently under a lot of pressure. It seems like the price may soon test the $0.0210 support level.

Cardano price is slowly declining and it recently traded below the $0.0560 support level. ADA price might continue to slide and it could even test the key $0.0520 support level. Any further declines could lead the price towards the $0.0505 support area.

Bitcoin, Crypto Market Cap Altcoins ETH, XRP, BCH, LTC, EOS, TRX, ADA, BNB

Looking at the total cryptocurrency market cap 4-hours chart, there was a strong rise above the $300.0B resistance level. The market cap even climbed above the $310.0B level and tested the $315.0B level. Recently, it corrected lower below the $300.0B support. However, the $290.0B support and a major bullish trend line on the same chart acted as a strong support. The market cap is moving higher, but it must surpass the $300.0B and $305.0B resistances for a fresh upward move in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins in the near term.

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Aayush Jindal
Aayush Jindal

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.

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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.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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