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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Crypto Market Primed For More Gains: Bitcoin Cash, BNB, Litecoin, TRX Analysis

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
technical analysis altcoins

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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 climbed further higher above the $280.0B resistance area.
  • Binance coin (BNB) price is up more than 5% and it is approaching the $35.00 resistance area.
  • Litecoin (LTC) price is consolidating above the $130.00 support area.
  • Bitcoin cash price is holding the $420 support and it could climb higher in the near term.
  • Tron (TRX) price is slowly moving higher towards the $0.0350 and $0.0380 resistance levels.

The crypto market cap is gaining bullish momentum, with strong gains in bitcoin (BTC). Ethereum (ETH), BNB, litecoin, ripple, bitcoin cash, TRX, XLM and EOS remains supported for more gains.

Bitcoin Cash Price Analysis

There was a successful close above the $420 level in bitcoin cash price against the US Dollar. The BCH/USD pair made a couple of attempts to gain strength above $435, but it failed. The pair is currently consolidating above the $420 level and it could accelerate above the $430 and $435 levels in the near term.

Conversely, if there is a downside break below $420, the price is likely to retest the main $400 support level.

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

Binance coin (BNB) price started a fresh increase after a nasty decline below the $32.00 support. BNB price is currently up more than 5% and it recently broke the $33.00 and $34.00 resistance levels. The next major resistance is near $35.00, above which there are chances of more upsides in the near term.

Litecoin price struggled to clear the $140.00 and $142.00 resistance levels. LTC price recently corrected lower, but it remained above the $130.00 support level. If there are more losses, the price might decline towards the $122.00 or $120.00 support area. On the upside, the main hurdles for the bulls are near $140.00 and $150.00.

Tron price settled above the $0.0320 level and it is slowly moving higher. TRX price is currently above $0.0330 and it is likely to test the $0.0350 resistance. The next key resistance is near the $0.0380 level. On the downside, the main support for buyers is near the $0.0320 level.

Crypto Market Cap Bitcoin Cash BTC BCH EOS Litecoin LTC XLM ADA

Looking at the total cryptocurrency market cap hourly chart, there were steady gains above the $265.0B and $270.0B levels. The market cap even broke the last swing high and recently climbed to a new monthly high above $280.0B. A swing high was formed near $281.0B and it is currently consolidating gains. On the downside, there are many supports near the $272.0B and $270.0B levels. Overall, there are chances of more gains and dips remain well supported 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

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