Bitcoin And Crypto Market Rally Looks Real: LTC, BNB, BCH, TRX 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 recovered nicely and broke the key $250.0B resistance area.
Bitcoin price is up more than 7% and it recently climbed above $10,400.
Binance coin (BNB) price is also gaining momentum and it recently broke the $22.50 resistance.
Litecoin (LTC) price is facing a few solid hurdles near the $68.00 and $70.00 levels.
BCH price is up more than 5% and it is about to break the $300 resistance area.
Tron (TRX) price is slowly moving towards the $0.0160 and $0.0162 resistance levels.

The crypto market cap and bitcoin (BTC) are currently surging above key resistances. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS are also correcting higher.

Bitcoin Cash Price Analysis

BCH price formed a decent support base near the $280 level against the US Dollar. The BCH/USD pair started a solid upward move and broke the $290 resistance level. The price is currently up more than 5%, with an immediate resistance near the $300 level.

If the price surges above the $300 and $305 resistance levels, there could be more gains in the coming sessions. On the downside, the $290 level may now act as a support in the short term.

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

Binance coin (BNB) price is also showing a lot of positive signs and it recently climbed above the $22.00 resistance area. BNB price is up around 6% and it is trading above the $22.50 resistance level. The next key resistances are near the $23.00 and $23.20 levels.

Litecoin price is still facing a lot of hurdles on the upside near the $68.00 and $70.00 level. LTC price must settle above the $70.00 level to start a decent upward move. On the downside, the main supports are near the $65.00 and $62.00 levels.

Tron price is slowly moving higher and is trading above the $0.0155 level. An immediate resistance is near the $0.0160 level, above which TRX price could climb further above the $0.0162 resistance level. The main supports on the downside are near $0.0152 and $0.0150.

Looking at the total cryptocurrency market cap 4-hours chart, there solid recovery initiated from the $235.0B support area. The market cap broke the $240.0B and $250.0B resistance levels to move into a positive zone. Moreover, there was a break above this week’s followed bearish trend lines near $248.0B and $252.0B. The market cap is now placed nicely above $250.0B and the 100 SMA on the same chart. Therefore, there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM 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.