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- The total capitalization of the cryptography market is showing signs of recovery above the support level of $ 108.50 billion.
- The price in Litecoin (LTC) is gaining ground and could trade above the resistance of $ 35.00.
- The Bitcoin spot price is currently consolidating below the $ 120 resistance level.
- Tron (TRX) is up more than 8% and broke the resistance zone at $ 0.0275.
- The price of Cardano (ADA) trading flat just above the support level at $ 0.0375.
The crypto market could rebound in the short term. Bitcoin (BTC), Ethereum (ETH), ripple, litecoin, silver bitcoin and ADA could be corrected higher in future sessions.
Bitcoin Cash Analysis Price
The spot price of Bitcoin fell below $ 120 recently against the US dollar. BCH / USD has tested the support level of $ 118 and is currently consolidating in a narrow range. The next move could be either higher than the resistance of $ 120, or less than the support level.
If sellers push back the price under $ 118 support, there could be an extension to $ 115 or $ 112 support.
Price Analysis in Litecoins (LTC), Tron (TRX) and Cardano (ADA)
The price in Litecoin remained in a positive zone above support levels of $ 30.00 and $ 32.00. LTC recently climbed above the $ 34 resistance and it looks like it could continue to grow. The next resistance is $ 35.00, above which the price could rise to $ 38.00 in the near term.
The Tron price once again performed very well and exceeded the resistance levels of $ 0.0265 and $ 0.0270. TRX is up more than 8% and it looks like buyers are looking for a resistance test at $ 0.0285. On the other hand, resistances prior to 0.0270 and 0.0265 USD are likely to serve as support.
The Cardano price is set below the resistance levels of $ 0.0392 and $ 0.0385. ADA has tested the support level at $ 0.0370 and trading is currently at a level close to that of $ 0.0275.
Looking at the total hourly chart of cryptocurrency market capitalization, there is solid support close to the $ 108.00 level and an uptrend line. If the market exceeds the resistance of $ 110.00B and a downtrend line, there could be a decent recovery in the near term. Therefore, Bitcoin, Ethereum, XLM, Litecoin, Ripple, TRX, BCH, ADA, EOS and other altcoins can correct higher.
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