• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Technical analysis

Bitcoin & Crypto Market Accelerating South: LTC, BNB, BCH, TRX Analysis

Aayush Jindal by Aayush Jindal
2 years ago
in Technical analysis
Reading Time: 2min read
Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS
Advertisement
Listen to Article
  • The total crypto market cap extended losses and broke the $260.0B support area.
  • Bitcoin price is down more than 6% and it recently broke the $10,000 and $9,800 supports.
  • Binance coin (BNB) price declined around 8% and it is back below the $30.00 support area.
  • Litecoin (LTC) price failed to hold the $90.00 support level and declined heavily.
  • BCH price declined nearly 10% and broke the key $300 and $290 support levels.
  • Tron (TRX) price trimmed all its recent gains and declined below the $0.0250 support.

The crypto market cap and bitcoin (BTC) are accelerating lower. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS are also showing a lot of bearish signs.

Bitcoin Cash Price Analysis

After a failed attempt near the $320 level, BCH price extended its decline against the US Dollar. The BCH/USD pair broke the key $300 and $290 support levels to move back in a bearish zone. The price is down nearly 10% and it is trading close to $275.

An immediate support is near the $270 level, below which there is a risk of more losses below the $260 support level in the near term. On the upside, the recent support near $300 is now likely to prevent gains in the near term.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

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

Binance coin (BNB) price failed to accelerate above the $32.00 resistance and started a fresh decline. BNB price broke the $30.50 and $30.00 support levels to enter a bearish zone. Moreover, there was a break below the $29.20 support and the price seems to be approaching the $28.00 support area.

Litecoin price failed to surpass the $95.00 resistance and recently declined below $92.00. LTC price even broke the $90.00 support and entered a bearish zone. The price is down around 6% and it seems like it may soon test the $85.00 support level.

Tron price failed to continue above the $0.0300 resistance and started a sharp decline. TRX price is down around 15% and it broke the $0.0262 and $0.0250 support levels. If there are more losses, the price may revisit the $0.0215 support level.

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 steady decline from well above the $300.0B level. The market cap broke the $280.0B support level to move into a negative zone. Recently, there was a break below the $260.0B support, opening the doors for more losses in the near term. It seems like there could be a downside extension towards the $240.0B support level in the near term. Therefore, there are chances of more downsides in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the coming sessions.

Tags: ADABCHBinance CoinBitcoin CashBNBbtceosLitecoinTRONTRX
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies and Financial Market Strategist with a background in IT and financial markets. He specialises in market strategies and technical analysis, and has spent over a DECADE as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin and Ethereum markets.

Related Posts

Ethereum

TA: Ethereum Trims Gains, Why ETH Could Find Strong Support Near $1,275

10 mins ago
Bitcoin

TA: Why Bitcoin Price Remains At Risk for a Fresh Drop to $30K

2 hours ago
chainlink massive bearish divergence altcoin crypto

Massive Bearish Divergence Hints At First Major Chainlink Corrective Phase

4 hours ago
Ethereum

Analyst: Ethereum Likely to Tag $2,000 in Near-Term as Rally Turns Parabolic

8 hours ago
ethereum bitcoin

Ethereum Beats Bitcoin Performance Two Years Straight, What’s Next?

9 hours ago
Bitcoin Could be Coiling Up for a Massive Push Higher as Bulls Take Control

Bitcoin Could be Coiling Up for a Massive Push Higher as Bulls Take Control

13 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

There’s a New Bitcoin Wallet on the Line – Cryonik.io

January 25, 2021

Join PEAKDEFI – a Safer Way to Grow your Wealth

January 25, 2021

Cryptowisser Releases Report on Exchanges With Lowest Fees

January 22, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.