Crypto Market Testing Crucial Support: Bitcoin Cash, Litecoin, EOS, XLM Analysis

The total crypto market cap declined sharply and tested an important support near $210.0B.
Bitcoin price is showing signs of a decent recovery above the $7,200 support level.
Litecoin (LTC) price failed to stay above the $100 level and recently declined below $90.
Bitcoin cash price is down more than $90 from the recent high and broke the $380 support.
EOS price is once again below the key $6.20 and $6.00 support levels.
Stellar (XLM) price is gaining traction and it is up more than 7% to $0.1310.

Crypto Market Wrap: Consolidation Could Crack on Bitcoin’s Next Move
Friday June 14, 2019

Crypto markets still range bound; Bitcoin, BCH and BSV moving marginally, Litecoin, BNB and ADA fall back.  Market Wrap It has been another day of consolidation for crypto markets as they end the week...

The post Crypto Market Wrap: Consolidation Could Crack on Bitcoin’s Next Move appeared first on 12bitplay - Bitcoin Play.

The crypto market cap is currently holding a crucial support, with range moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as LTC, ripple, bitcoin cash, EOS, TRX, and stellar slowly recovering.
Bitcoin Cash Price Analysis
Bitcoin cash price surged towards the $450 level and recently declined heavily against the US Dollar. The BCH/USD pair broke the $400 and $385 support levels to enter a bearish zone. The recent decline was such that the price even broke the $365 support and tested the $350 support level.
The price is currently consolidating above the $350 support and it could correct higher in the short term. An immediate resistance is at $375, above which the price may test the $385 level.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price failed to stay above the $100 level and topped near the $107 level. LTC price is down sharply and it recently traded below the $100, $95 and $92 support levels. The price even broke $90 and tested the $85 support level.
EOS price recently traded below the key $6.40 and $6.20 support levels. More importantly, it broke the $6.00 support level and the price test the $5.85 support. It could recover in the short term and might test $6.00 or $6.20.
Stellar price is performing well and remained well bid above the $0.1150 support level. XLM price is up more than 7% and it recently broke the $0.1250 and $0.1300 resistance levels. The next key hurdles are $0.1350 and $0.1380, where sellers may emerge.

Stock Indexes Do Not Reflect Economic Reality, Will it Boost Bitcoin Sentiment?
Wednesday June 19, 2019

A survey of fund managers, conducted by Bank of America Merrill Lynch, found pessimism at a level not seen since the last financial crisis. The on-going trade war and the expectation of an incoming...

The post Stock Indexes Do Not Reflect Economic Reality, Will it Boost Bitcoin Sentiment? appeared first on 12bitplay - Bitcoin Play.

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp bearish reaction from well above the $250.0B level. The market cap declined more than $40.0B and tested the $210.0B support area. It seems like there is a strong support forming near the $210.0B level and a connecting bullish trend line on the same chart. Therefore, as long as the market cap is above the trend line and $210.0B, there could be upsides in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins in the coming sessions. If not, there could be a downside extension towards the $200.0B support area.
The post Crypto Market Testing Crucial Support: Bitcoin Cash, Litecoin, EOS, XLM Analysis appeared first on NewsBTC.

Bakkt Clearing the Way For Institutional Investors Pouring into Bitcoin This Summer
Thursday June 13, 2019

The much anticipated Bakkt platform looks like it is finally ready to launch this July. Those behind the project and many in the wider crypto asset space are hoping that the institutional-grade offering will...

The post Bakkt Clearing the Way For Institutional Investors Pouring into Bitcoin This Summer appeared first on 12bitplay - Bitcoin Play.

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