Crypto Market And Bitcoin Struggle Continues: BCH, Litecoin, EOS, XLM Analysis
The total crypto market cap is facing a strong resistance near the $218.0B and $220.0B levels.
Bitcoin price failed to gain momentum above $8,300 and recently declined below $8,200.
Litecoin (LTC) price is still trading well below the main $60.00 resistance area.
Bitcoin cash price is currently correcting gains and it could test the $220.00 support.
EOS price failed to surpass the $3.250 resistance and is currently declining towards $3.050.
Stellar (XLM) price is currently consolidating gains above the $0.0600 support area.
Happy 18 Millionth Bitcoin! BTC Scarcity Implies Large Price Rally
Saturday October 19, 2019
Mere hours ago (as of the time of publishing this), the 18 millionth Bitcoin (BTC) was mined. As revealed by Statoshi.Info, a recent block brought the 18th million coin into existence, leaving three million...
The post Happy 18 Millionth Bitcoin! BTC Scarcity Implies Large Price Rally appeared first on 12bitplay - Bitcoin Play.
Bitcoin (BTC) and the crypto market cap are struggling to gain bullish momentum. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are currently correcting gains.
Bitcoin Cash Price Analysis
After a decent upward move, BCH price faced resistance near the $235 and $240 levels against the US Dollar. The BCH/USD pair is currently correcting lower towards the $225 level. It seems like the price could test the $220 support area in the near term.
The main supports on the downside are near the $205 level. On the upside, a clear break above $240 is needed for more gains towards the $250 and $265 levels.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price recovered above the $55.00 and $56.50 resistance levels. However, LTC price struggled to gain momentum above $58.50 and remained well below the key $60.00 resistance area. The price is currently correcting lower and it may perhaps test the $55.00 support area.
EOS price climbed higher recently and tested the $3.250 resistance area, where sellers appeared. The price is currently correcting lower and is trading below the $3.200 level. If there are more downsides, the price could test the $3.050 support area in the near term.
Stellar price climbed higher positively above the $0.0620 level. However, XLM price failed to gain momentum above the $0.0630 level and recently started a downside correction. It seems like the price could test $0.0600 or $0.0595 before starting a fresh increase.
Bank of Canada Warms To National Cryptocurrency, Will it Compete Against Bitcoin?
Friday October 18, 2019
Leaks within the Bank of Canada show officials are considering the development of a national cryptocurrency. As such, with interest in central bank digital currencies (CBDCs) on the rise, could it threaten bitcoin? National...
The post Bank of Canada Warms To National Cryptocurrency, Will it Compete Against Bitcoin? appeared first on 12bitplay - Bitcoin Play.
Looking at the total cryptocurrency market cap 4-hours chart, there was a decent upward move above $210.0B. However, the market cap faced a strong resistance near the $218.0B and $220.0B levels. Moreover, the 100 SMA also acted as a crucial resistance. The market cap is currently correcting lower and it could test the $205.0B support area. The main support on the downside is near the $200.0B level, below which there could be a sharp decline in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins. Conversely, a clear break above the $220.0B resistance and close above the 100 SMA is needed for an upside acceleration in the near term.
The post Crypto Market And Bitcoin Struggle Continues: BCH, Litecoin, EOS, XLM Analysis appeared first on NewsBTC.
Altcoins Energized as XRP, XLM and ZRX Leave Bitcoin Behind
Tuesday October 15, 2019
Another day of inactivity and consolidation for Bitcoin has kept the king of crypto just above support. Its lethargy has resulted in another dip in market share as a few of the altcoins start...
The post Altcoins Energized as XRP, XLM and ZRX Leave Bitcoin Behind appeared first on 12bitplay - Bitcoin Play.