Crypto Market Cap And Bitcoin Could Rally: BCH, LTC, EOS, ADA Analysis

The total crypto market cap is holding a strong support area near the $220.0B level.
Bitcoin price is consolidating above $8,500 and it could rally further in the near term.
Litecoin (LTC) price must clear the $60.00 resistance area to continue higher.
BCH price is facing a strong resistance near the $235 and $240 levels.
EOS price is consolidating below the $3.250 and $3.300 resistance levels.
Cardano (ADA) price is currently consolidating above the $0.0400 support area.

Ethereum Caught in Descending Triangle as Analysts Eye Further Losses
Wednesday October 16, 2019

Ethereum (ETH) has been facing a significant influx of selling pressure over the past 24-hours, which has partially been driven by the selloff that Bitcoin experienced earlier today that sent the embattled cryptocurrency reeling...

The post Ethereum Caught in Descending Triangle as Analysts Eye Further Losses appeared first on 12bitplay - Bitcoin Play.

The crypto market cap is showing positive signs along with bitcoin and Ethereum (ETH). Altcoins such as ripple, litecoin, BCH, EOS, tron (TRX), and ADA could slowly rise.
Bitcoin Cash Price Analysis
In the past two days, bitcoin cash price remained stable above the $210 and $215 levels against the US Dollar. Moreover, the BCH/USD pair made an attempt to climb above the $235 and $240 resistance levels, but it struggled to gain momentum. Thus, if there is a clear break above $240, the price could march towards $250.
On the downside, the main support is near the $215 level. Therefore, below $215, the price could move back towards the key $205 and $200 support levels in the near term.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price is consolidating above the $56.50 and $55.50 support levels. On the upside, there is a strong resistance forming near the $60.00 level, above which there are chances of a fresh increase towards the $65.00 and $68.00 levels.
EOS price settled above the $3.050 pivot level and it is currently trading in a range. On the upside, there are a few hurdles near the $3.300 level, above which the price might surge towards the $3.500 level. On the downside a break below $3.000 could push the price into a bearish zone.
Cardano price is currently consolidating above the $0.0400 support area. On the upside, an immediate resistance is near the $0.0425, above which the price is likely to climb higher towards the $0.0450 level. The next key resistance is near the $0.0485 and $0.0500 levels.

Bitcoin Underperforms as Investors’ Focus Remains on Brexit
Wednesday October 16, 2019

Bitcoin was trading in negative territory on Wednesday as a broader market focus remained glued on Brexit and other critical macroeconomic events. Bitcoin price slips as speculators/investors shift focus elsewhere | Image credits: TradingView.com...

The post Bitcoin Underperforms as Investors’ Focus Remains on Brexit appeared first on 12bitplay - Bitcoin Play.

Looking at the total cryptocurrency market cap hourly chart, there was a major upside break above the key $220.0B resistance level. The market cap is currently consolidating above the $220.0 level and it seems to be setting up for the next key break. If there is an upside break above $226.0B, the market cap could continue to rise. An immediate resistance is near the $235.0B and $240.0B levels. The next major resistance is near the $250.0B level. Overall, there are high chances of more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins in the coming sessions.
The post Crypto Market Cap And Bitcoin Could Rally: BCH, LTC, EOS, ADA Analysis appeared first on NewsBTC.

Bitcoin Readies For Next Big Move After Slow Weekend
Monday October 14, 2019

The weekend has been largely lethargic for Bitcoin and crypto markets with little movement out of their trading ranges. A couple of tests of resistance occurred but BTC was beaten back by the bears...

The post Bitcoin Readies For Next Big Move After Slow Weekend appeared first on 12bitplay - Bitcoin Play.

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