Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), XLM Price Analysis

  • The total crypto market cap failed to stay above the $110.00B support and declined sharply.
  • Litecoin (LTC) price is consolidating losses above the $30.00 support level.
  • Bitcoin cash price corrected lower and it could test the $110 support level.
  • Tron (TRX) declined more than 5% and it broke the $0.0260 support area.
  • Stellar (XLM) price is under a lot of pressure below the $0.0900 and $0.1000 resistance levels.

The crypto market failed to gain momentum, resulting in a fresh drop in bitcoin (BTC), Ethereum (ETH) and ripple. Other altcoins like litecoin, bitcoin cash and stellar also extended losses.

Bitcoin Cash Price Analysis

Bitcoin cash price traded above the $116 resistance recently against the US Dollar. However, BCH/USD failed to break the $120 resistance and later started a fresh decline. The price declined below the $116 and $115 support levels to move back in a bearish zone.

Going forward, there could be more losses below $112 and the price may even retest the $110 support…

Read Full Story : NewsBTC

2019-02-01 06:00:26

What do you think?

0 points
Upvote Downvote

Written by Newsbtc

Cloudbet Accepts Gigantic 20 BTC Bets for Super Bowl LIII

ABBC Blockchain MC Wallet in the Final Stages of Development