Analysis Editor's Picks

Market is recovering: course analysis BCH, LTC, TRX and ADA

  • Total market capitalization shows signs of recovery above support at $ 108.50 billion.
  • The Litecoin (LTC) price is gaining momentum and can trade above the resistance level of $ 35.00.
  • The price of Bitcoin Cash is currently consolidating below the resistance level of $ 120.
  • The throne (TRX) grew by more than 8% and overcame the resistance zone of $ 0.0275.
  • Cardano (ADA) trades unchanged, just above the support level of $ 0.0375.

The cryptocurrency market can recover in the short term.

Bitcoin Cash Analysis

The price of Bitcoin Cash recently fell below the support level of $ 120 against the US dollar. BCH / USD has tested the support level of $ 118 and is currently consolidating in a narrow range. The next move may be either above $ 120 resistance or below support level.

If sellers push the price below the support level of $ 118, downward growth to the support level of $ 115 or $ 112 is possible.

Price Analysis Litecoin, Tron and Cardano

The Litecoin price remained in the positive zone above the support levels of $ 30.00 and $ 32.00. LTC has recently risen above the resistance level of $ 34.00. And, it seems, can continue to move up. The next resistance is at $ 35.00, above which, perhaps, the price may rise to $ 38.00 in the near future.

Price Tron again showed good results and traded above the resistance levels of $ 0.0265 and $ 0.0270. TRX grew by more than 8%. It looks like buyers are testing resistance at $ 0.0285. On the other hand, previous resistance lines at $ 0.0270 and $ 0.0265 are likely to act as support.

The price of Cardano fell below the resistance levels of $ 0.0392 and $ 0.0385. The ADA tested the support level of $ 0.0370 and is currently trading unchanged at around $ 0.0275.

Conclusion

Market is recovering: course analysis BCH, LTC, TRX and ADA

If you look at the hourly chart of the total market capitalization of cryptocurrency, you can see that strong support has formed near the level of $ 108.00 billion and the bullish trend line. If the market rises above the resistance level of $ 110.00 billion and the bearish trend line, a recovery may occur in the near future. Thus, BTC, ETH, XLM, LTC, XRP, TRX, BCH, ADA, EOS, and other altcoins can grow.

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