The total crypto market cap is currently consolidating gains above the $115.0B support level.
Litecoin (LTC) price settled above the $40 and $42 support levels, with a bullish bias.
Bitcoin cash price is slowly correcting lower towards the $120 support.
Tron (TRX) price declined more than 4% and broke the $0.0250 support level.
Stellar (XLM) price remained below the $0.0850 and $0.0800 resistance levels.
The crypto market is currently moving in a range after a decent rally. Bitcoin ( BTC ), Ethereum ( ETH ), litecoin, ripple , bitcoin cash, tron (TRX), stellar (XLM) might continue to consolidate before the next move.
Bitcoin Cash Price Analysis
Bitcoin cash price spiked recently above the $120 and $125 resistance levels against the US Dollar. However, BCH/USD failed to stay above the $125 and later started a downside correction. It is trading below the $123 level and it may continue to move down towards the $120 support.
On the upside, the main resistance is near the $125 level, above which the price could rally towards the $130 and $132 resistance levels.
Litecoin (LTC), Tron (TRX) and Stellar (XLM) Price Analysis
Litecoin price performed really well this past week as it broke the $38 and $40 resistance levels. LTC even spiked above the $45 resistance and later started a downside correction. The price remains well supported on the downside near the $40 level.
Tron price struggled to clear the $0.0265 and $0.0270 resistance levels recently and corrected lower. TRX price declined more than 4% and it is currently trading below the $0.0250 support level.
Stellar price remained in a bearish zone below the $0.0285 and $0.0280 resistance levels. XLM price is currently down around 2% and it seems like it could test the $0.0750 support level in the coming sessions.
Looking at the total cryptocurrency market cap hourly chart , there was a solid upward move above the $115.0B and $118.0B resistance levels. The market cap tested the $120.0B resistance and later started a short term correction. It is currently well supported above $115.0B, which could result in bullish moves in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX and other altcoins in the near term.
The post Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), XLM Price Analysis appeared first on NewsBTC .