Crypto Market Primed For More Gains: Bitcoin Cash, BNB, Litecoin, TRX Analysis
The total crypto market cap climbed further higher above the $280.0B resistance area.
Binance coin (BNB) price is up more than 5% and it is approaching the $35.00 resistance area.
Litecoin (LTC) price is consolidating above the $130.00 support area.
Bitcoin cash price is holding the $420 support and it could climb higher in the near term.
Tron (TRX) price is slowly moving higher towards the $0.0350 and $0.0380 resistance levels.
The crypto market cap is gaining bullish momentum, with strong gains in bitcoin (BTC). Ethereum (ETH), BNB, litecoin, ripple, bitcoin cash, TRX, XLM and EOS remains supported for more gains.
Bitcoin Cash Price Analysis
There was a successful close above the $420 level in bitcoin cash price against the US Dollar. The BCH/USD pair made a couple of attempts to gain strength above $435, but it failed. The pair is currently consolidating above the $420 level and it could accelerate above the $430 and $435 levels in the near term.
Conversely, if there is a downside break below $420, the price is likely to retest the main $400 support level.