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Crypto Market And Bitcoin Primed For Gains: BNB, BCH, LTC, EOS Analysis
The total crypto market cap broke the key $220.0B resistance to move into a positive zone.Bitcoin price is now trading nicely above the main $8,500 resistance area.Litecoin (LTC) price is still facing a strong resistance near the $60.00 level.BCH price is testing the $235 area and is facing a major barrier near the $240 level.EOS price traded to a new weekly high above $3.300 and it is currently consolidating gains.Binance coin (BNB) rallied more than 10% and broke the key $17.50 resistance area.Bitcoin (BTC) and the crypto market cap jumped more than 5%. Many altcoins such as Looking at the total cryptocurrency market cap hourly chart, there was a successful bullish break above the key $218.0B and $220.0B resistance levels. The market cap climbed towards the $225.0B level and settled above the 100 SMA. It is currently consolidating gains and any downside correction is likely to find support near the previous resistance at $220.0B. On the upside, the main resistances are now near $230.0B and $232.0B. Overall, dips remain well supported in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.
Author: Aayush Jindal
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