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- Total capitalization of the crypto market has failed to stay above support of $ 110.00 billion and has declined sharply.
- The Litecoin Price (LTC) consolidates losses above the $ 30.00 support level.
- The spot price of Bitcoin has been corrected below and it could test the support level of $ 110.
- Tron (TRX) decreased by more than 5% and broke the support zone at $ 0.0260.
- The Star Price (XLM) is under strong pressure below the resistance levels of $ 0.0900 and $ 0.1000.
The crypto market has not gained momentum, which has resulted in a further decline in bitcoin (BTC), Ethereum (ETH) and ripple. Other altcoins like litecoin, cash bitcoin and stellar have also extended losses.
Bitcoin Cash Analysis Price
The spot price of bitcoins has traded above the $ 116 resistance recently against the US dollar. However, the BCH / USD failed to break the resistance at $ 120 and then began a further decline. The price fell below support levels of $ 116 and $ 115 to return to a bearish zone.
In the future, there could be more losses below $ 112 and the price could even retest the support level of $ 110 in the short term.
Litecoin Price Analysis (LTC), Tron (TRX) and Stellar (XLM)
The price in litecoins made another attempt to eliminate the resistance levels of $ 33.00 and $ 34.00. However, LTC failed to gain ground above $ 33.00 and declined below $ 32.00. The price is currently trading close to the $ 31.00 level and it may soon test support at $ 30.00 before a new uptrend.
The price of the tron failed to maintain its gains above the level of $ 0.0275 and then declined. TRX traded below support levels of $ 0.0270 and $ 0.0265. The price is now trading below $ 0.0260 and it could possibly test the support zone at $ 0.0242.
The stellar price began a sharp downward movement after breaking through the key support level of $ 0.1K. XLM declined under support of $ 0.0900 and recently tested support of $ 0.0800. If there are more losses, the price can test the level of $ 0.0750.
Looking at the total hourly chart of market capitalization of cryptocurrency, there was a strong bearish reaction below support levels of $ 112.00B and $ 110.00B. Market capitalization has tested support of $ 108.00 billion and is currently consolidating losses. However, there is a risk that more losses may be below the $ 108.00B and $ 107.00B levels. As a result, bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, TRX and other altcoins may suffer more losses.
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