Bitcoin And Crypto Market Rising: 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 slowly rising and it is currently near the $200.0B resistance.
Bitcoin price is up close to 2% and it is now trading above the $7,500 resistance.
Litecoin (LTC) price is now trading above $45.00, but it is still facing a lot of hurdles.
Bitcoin cash price is climbing higher towards the key $220 and $225 resistance levels.
EOS price is trading above the $2.700 resistance and it could climb above $2.850.
Stellar (XLM) price is slowly rising towards the $0.0585 resistance level.

Bitcoin (BTC) and the crypto market cap are currently climbing higher. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar could continue to rise.

Bitcoin Cash Price Analysis

After testing the $205 support area, bitcoin cash price started trading in a range against the US Dollar. BCH price is slowly rising and it is currently trading above the $210 level. On the upside, there are two important hurdles near the $220 and $225 levels, above which the price could surge towards the $250 level.

On the downside, the main supports are near $205 and $200, below which there is a risk of a sharp decline towards the $185 level.

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

Litecoin price is slowly recovering and it recently managed to move back above the $45.00 level. LTC is likely to continue higher, but there are many key resistances such as $46.50 and $48.20. The main hurdle is still near the $50.00 zone for the bulls.

EOS price is showing positive signs above the $2.650 and $2.700 resistance levels. However, the price is likely to struggle near the $2.850 level (the previous breakdown zone). The next key barrier for more gains is near the $3.000 level. On the downside, there are supports near $2.600 and $2.500.

Stellar price managed to stay above the $0.0520 and $0.0500 support levels. XLM price is currently correcting higher and is trading above the $0.0550 level. If there is an upside break above $0.0565, the price could rise towards the $0.0585 and $0.0600 resistance levels in the near term.

Crypto Market Cap Bitcoin — Crypto Market Cap

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady recovery from the $186.0B support area. The crypto market cap is currently above $195.0B and it seems like it could soon climb above the $200.0B and $205.0B resistance levels. The next major resistance is near the $220.0B area.

In the mentioned case, there could be a steady rise in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, 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.

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.