- The total crypto market cap climbed higher sharply and broke the key $170.0B resistance.
- Litecoin (LTC) price is up more than 6% and it recently broke the $74 resistance
- bitcoin cash price surged more than 13% and surpassed the key $270 barrier.
- EOS price is slowly grinding higher towards the $4.85 and $4.90 resistance levels.
- Cardano (ADA) price is up more than 5% and broke the $0.0680 resistance level.
The crypto market cap cleared many hurdles, with positive moves in bitcoin () and (ETH). Altcoins such as bitcoin cash, litecoin (LTC), , EOS, tron (TRX), and ADA are gaining strength.
bitcoin Cash Price Analysis
There was a strong upward move in bitcoin cash price above the $250 resistance level against the US Dollar. The BCH/USD pair surged more than 13% and broke the $255, $262 and $265 resistance levels. The price is currently trading above the $270 level and it may continue to rise towards the $275 or $280 level.
Conversely, if there is a downside correction, the might act as supports and prevent a bearish break in the near term. The next main support for the bulls is near $255.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price formed a decent support base near the $70 level and recently climbed higher. LTC is up more than 5% and it recently broke the $72.20 and $73.50 resistance levels. The next key resistance is near the $75.00 level, where sellers might take a stand.
EOS price started a slow and steady rise after testing the $4.50 support level. It broke the $4.60 and $4.70 resistance levels, and recently climbed above $4.80. The next key resistance is near $4.85, above which the price might test the $4.90 or $4.92 resistance levels.
Cardano price finally managed to form a support base and recovered above the $0.0650 resistance. ADA price is up around 6% and it may soon test the $0.0700 resistance level. If there is a clear break above the $0.0700 and $0.0708 resistance levels, there could be a strong upward move towards the $0.0800 level in the near term.
Looking at the total cryptocurrency market cap hourly , there was a strong upward move above the $165.0B and $167.0B levels. The market cap broke a contracting triangle with resistance near the $168.2B level. It opened the doors for more gains above the $170.0B and $172.0B levels. It tested the next key resistance at $174.0B and it is currently holding gains. If there are more upsides, the next stop could be $176.0B or $178.0B. The main resistance for a strong rally is near the $180.0B resistance. Overall, there are many positive signs for bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.
Published at Wed, 01 May 2019 06:00:56 +0000
