Top Crypto Investment News, Listings, Member Posts, Crypto Investment Daily Indices and more!

4yrs ago Crypto newsbtc Views: 182

  • The total crypto market cap remains at a risk of a drop towards the $200.0B support.
  • Bitcoin price is currently correcting higher, but there are many resistances near $8,250.
  • Litecoin (LTC) price is currently consolidating above the $55.00 support area.
  • Bitcoin cash price is now trading in a bearish zone below the $250 level.
  • EOS price is under a lot of pressure and it is approaching the $3.050 support area.
  • Stellar (XLM) price is now closing in towards the $0.0650 support area.

Bitcoin (BTC) and the crypto market cap are now in a downtrend. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are currently correcting higher.

Bitcoin Cash Price Analysis

After a downside break, BCH price even failed to stay above the $265 support area. It declined heavily and settled below the $250 level. The price is now consolidating above the $225 support and it could correct higher. On the upside, there are many resistances near $255 and $265.

On the downside, the main support is now near $225, below which the price is likely to test the $200 support area in the near term.

Litecoin (LTC), EOS and Stellar (XLM) Price Analysis

Litecoin price declined heavily after it broke the $60.00 support area. Moreover, LTC price declined below the $58.00 support area and tested the $55.00 level. It is currently consolidating losses and it might correct higher to test the $58.00 resistance area in the near term.

EOS price fell significantly below the $3.500 and $3.350 support levels. It even tested the $3.050 support area and remains at a risk of more losses. If the bears push the price below the $3.050 support area, there are chances of a break below the $3.000 support area.

Stellar price is trading in a bearish zone below the key $0.0700 support area. XLM price broke the $0.0685 and $0.0650 support levels. The price is currently correcting higher, but it is likely to face resistance near $0.0685. On the downside, the key supports are near $0.0650 and $0.0635.

-

Crypto Market Cap

Looking at the total cryptocurrency market cap 4-hours chart, there is a strong downward move below the $230.0B and $220.0B support levels. The crypto market cap even tested the $210.0B support area, coinciding with bitcoin testing the $8,000 level. The market cap is currently correcting higher, but upsides may face hurdles near $220.0B and $225.0B levels. On the downside, a break below $210.0B could lead the cap towards the $200.0B level.

Therefore, rallies or recovery remain limited in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins in the near term.

Bitcoin And Crypto Market Remain at Risk: BCH, Litecoin, EOS, XLM Analysis on NewsBTC.


Today's Crypto Investment Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.