Crypto Market And Bitcoin Could Rise Steadily: BCH, Litecoin, EOS, XLM Analysis

Aayush Jindal

1 year ago

2 mins read

Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS

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The total crypto market cap is showing positive signs above the $210.0B support area.
Bitcoin price needs to surpass the $8,400 resistance area to continue higher in the near term.
Litecoin (LTC) price is still struggling to climb above the key $60.00 resistance area.
Bitcoin cash price is slowly rising towards the $235 resistance area.
EOS price seems to be consolidating gains above the $3.050 and $3.000 support levels.
Stellar (XLM) price is up more than 5% and it recently broke the $0.0650 resistance area.

Bitcoin (BTC) and the crypto market cap are likely to rise steadily in the near term. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are showing positive signs.

Bitcoin Cash Price Analysis

Recently, there was a minor downside correction in BCH price below the $225 level against the US Dollar. However, the BCH/USD pair remained well supported near the $215 level. The price is currently climbing higher and is trading nicely above the $225 level.

On the upside, there are two important resistances near $235 and $240, above which the price is likely to accelerate gains towards the $250 and $265 resistance levels.

Litecoin (LTC), EOS and Stellar (XLM) Price Analysis

Litecoin price failed to gain momentum above the $58.00 and $60.00 resistance levels. However, LTC price is holding the $55.50 support area and it is currently trading in a range. Overall, it must surpass the key $60.00 resistance level to start a strong rise in the coming sessions.

EOS price settled above the $3.050 support area and it is trading in a range. On the upside, the main hurdle is near the $3.250 and $3.300 levels. A successful break above the $3.3000 resistance area might start an increase towards the next hurdle near the $3.500 level.

Stellar price is performing nicely above the $0.0600 pivot level. XLM price is up more than 5% today and it broke the $0.0620 and $0.0650 resistance levels. The next resistance is near the $0.0675, above which the price could revisit the $0.0695 and $0.0700 levels.

Looking at the total cryptocurrency market cap 4-hours chart, there is a strong resistance forming near the $220.0B and $225.0B levels. If there is a successful close above $225.0B, the market cap could start a decent rise towards the $250.0B and $260.0B resistance levels. On the downside, an immediate support is near the $210.0B level, below which it could revisit $200.0B. Only a close below $200.0B may perhaps decrease chances of a decent increase. Overall, there are chances of a decent increase in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, 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.