Bitcoin & Crypto Market Cap Trending Higher: Litecoin, BNB, BCH, TRX Analysis

Aayush Jindal

1 year ago

2 mins read

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The total crypto market cap is gaining momentum above the $260.0B and $265.0B resistances.
Bitcoin price is showing positive signs and it recently broke the key $10,200 resistance area.
Binance coin (BNB) price is rising steadily and it recently broke the $28.00 resistance area.
Litecoin (LTC) price tested the $100.00 resistance once again, but failed to continue higher.
BCH price is moving higher once again towards the $330 and $335 resistance levels.
Tron (TRX) price seems to be consolidating above the key $0.0220 support area.

The crypto market cap and bitcoin (BTC) are currently trading with a bullish angle. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS could also climb higher.

Bitcoin Cash Price Analysis

After a short term correction, BCH price found support near the $320 level against the US Dollar. The BCH/USD pair is currently moving higher and it could rise towards the $330 resistance level. If there are more gains, the price could rise towards the $340 resistance level.

If the price fails to continue higher, it could decline once again towards the $320 support. Therefore, if there are more losses, there are chances of a dip towards the $305 support area.

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

Binance coin (BNB) price started a steady rise from the $26.20 support level. BNB price broke the key $27.00 and $28.00 resistance levels. It even traded close to the $29.00 level and is currently correcting lower. The main support is near $28.00, followed by $27.80. On the upside, a break above $29.00 might push the price towards the $30.00 level.

Litecoin price is trading in a positive zone, but it seems to be struggling to gain momentum above the $100.00 resistance. Moreover, LTC price made two attempts to break the $100.00 resistance, but it failed. It is currently consolidating above the $95.00 and $92.00 support levels.

Tron price remains in a bearish zone below the $0.0230 resistance level. TRX price is under pressure and it might even break the $0.0220 support level once again. The next key supports are near $0.0210 and $0.0205, followed by the main $0.0200 barrier.

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise above the $260.0B and $265.0B resistance levels. There was even a close above the $270.0B resistance and the 100 simple moving average. On the upside, the next important resistance is near the $280.0B and $284.0B levels. A break above $284.0B might push the market cap towards $300.0B. Therefore, there could be more gains 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.