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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin & Crypto Market Showing Bullish Signs: LTC, BNB, BCH, TRX Analysis

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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  • The total crypto market cap is slowly rising and it is now above the $185.0B support.
  • Bitcoin price rallied recently, but it failed to climb above the $7,500 resistance.
  • Binance coin (BNB) price is up more than 5% and it broke the $14.20 resistance area.
  • Litecoin (LTC) price is slowly recovering and it is now trading above $42.50.
  • BCH price surged above the $205 and $210 resistance levels.
  • Tron (TRX) price is climbing and it could soon test the $0.0140 resistance area.

Bitcoin (BTC) and the crypto market cap are showing bullish signs. Ethereum (ETH), litecoin, ripple, BCH, XLM, TRX, BNB, and EOS are likely to climb higher steadily.

Bitcoin Cash Price Analysis

After consolidating above the $185 support, bitcoin cash price started a decent upward move against the US Dollar. BCH price gained more than 5% and it broke the $200 and $205 resistance levels.

The price is now trading above $210 and it seems like the bulls are aiming a test of the $225 barrier. Any further gains might set the pace for more upsides towards the $250 level in the near term.

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

Binance coin (BNB) is recovering and it recently managed to break the $14.00 resistance level. BNB price is up around 5% and it is now trading above the $14.20 level. The next major resistance is near $14.50, above which the price will most likely test the $15.00 resistance area.

Litecoin price formed a nice support base near the $40.00 level. LTC price started a steady rise and broke the $41.20 and $42.50 resistance levels. It is now trading above $43.00 and facing a major hurdle near the $44.20 and $45.00 levels. On the downside, the $41.20 level may now act as a support.

Tron price is holding the $0.0130 support area and it is currently recovering. TRX price is trading above $0.0135 and it could make an attempt to surpass the $0.0140 resistance. A close above $0.0140 might lead the price towards the $0.0150 level.

Bitcoin And Crypto Market Cap
Crypto Market Cap

Looking at the total cryptocurrency market cap 4-hours chart, there was a decent recovery above the $182.0B and $185.0B resistance levels. The crypto market cap even rallied above $190.0B and tested the $195.0B resistance.

It is currently consolidating near the $190.0B levels, with supports near $185.0B. On the upside, a clear break above $200.0B is likely to spark strong gains in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.

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Aayush Jindal
Aayush Jindal

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.

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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.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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