Crypto Market Rebounds: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis
The total crypto market cap is showing signs of a recovery above the $108.50B support level.
Litecoin (LTC) price is gaining momentum and it could trade above the $35.00 resistance.
Bitcoin cash price is currently consolidating below the $120 resistance level.
Tron (TRX) is up more than 8% and it broke the $0.0275 resistance zone.
Cardano (ADA) price is trading flat just above the $0.0375 support level.
This Scenario Will Trigger A Larger Ethereum Rally: Key Levels To Watch
Tuesday January 28, 2020
Ethereum gained momentum and broke the key $170 resistance and bitcoin rallied above $9,000. ETH price seems to be forming a larger trend and it could even clear $180. There were decent bullish moves...
The post This Scenario Will Trigger A Larger Ethereum Rally: Key Levels To Watch appeared first on 12bitplay - Bitcoin Play.
The crypto market could rebound in the short term. Bitcoin (BTC), Ethereum (ETH), ripple, litecoin, bitcoin cash and ADA might correct higher in the coming sessions.
Bitcoin Cash Price Analysis
Bitcoin cash price declined below the $120 support recently against the US Dollar. BCH/USD tested the $118 support level and it is currently consolidating in a tight range. The next move could be either above the $120 resistance or below the support level.
If sellers push the price below the $118 support, there could be a downside extension towards the $115 or $112 support level.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price remained in a positive zone above the $30.00 and $32.00 support levels. LTC recently climbed above the $34.00 resistance and it seems like it could continue to move higher. The next resistance is at $35.00, above which the price may perhaps rally towards the $38.00 level in the near term.
Tron price once again performed really well and traded above the $0.0265 and $0.0270 resistance levels. TRX is up more than 8% and it seems like buyers are looking for a test of the $0.0285 resistance. On the downside, the previous resistances at $0.0270 and $0.0265 are likely to act as supports.
Cardano price settled below the $0.0392 and $0.0385 resistance levels. ADA tested the $0.0370 support level and it is currently trading flat near the $0.0275 level.
Don’t Be Fooled: Crypto Markets Still Likely to See Intense Pullback
Monday January 27, 2020
The crypto markets incurred a notable uptrend today that was catalyzed by Bitcoin’s rise to highs of nearly $9,000 before it incurred a slight influx of selling pressure that caused BTC to dip slightly...
The post Don’t Be Fooled: Crypto Markets Still Likely to See Intense Pullback appeared first on 12bitplay - Bitcoin Play.
Looking at the total cryptocurrency market cap hourly chart, there is a strong support formed near the $108.00B level and a bullish trend line. If the market moves above the $110.00B resistance and a bearish trend line, there could be a decent recovery in the near term. Therefore, bitcoin, Ethereum, XLM, litecoin, ripple, TRX, BCH, ADA, EOS and other altcoins could correct higher.
The post Crypto Market Rebounds: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis appeared first on NewsBTC.
HODL Strong: Over Half of The Bitcoin Supply Hasn’t Moved in Over a Year
Monday January 27, 2020
The term HODL is an acronym derived from the phrase “hold on for dear life,” which became a widely popular recommendation for investors to remain steadfast in when Bitcoin’s notorious volatility peaks. It appears...
The post HODL Strong: Over Half of The Bitcoin Supply Hasn’t Moved in Over a Year appeared first on 12bitplay - Bitcoin Play.