Bitcoin And Crypto Market Crashing: BCH, LTC, EOS, ADA Analysis
- The total crypto market cap is down more than $25.0B and it tested the $175.0B support.
- Bitcoin price is now trading well below the $7,000 level, with a bearish angle.
- Litecoin (LTC) price is down more than 8% and it even traded below the $45.00 support.
- BCH price is now trading below the main $200 support area.
- EOS price is down 10% and it is now approaching the $2.250 support zone.
- Cardano (ADA) price is under a lot of pressure and it is trading below the $0.0350 support.
The crypto market cap and bitcoin are down significantly. Ethereum (ETH), ripple, litecoin, BCH, EOS, tron (TRX), and ADA are declining heavily.
Bitcoin Cash Price Analysis
In the past few days, bitcoin cash price started a sharp decline below the $265 support against the US Dollar. BCH tumbled below many supports near $250 and $235 to move into a bearish zone. Moreover, there was a break below the $210 support and the price is now trading below the $200 support level.
The next immediate support is near the $185 level, where the bulls may emerge. On the upside, the previous supports near $210 and $215 are likely to act as hurdles in the near term.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price is down sharply and it settled below the $50.00 support. LTC price even broke the $45.00 support area and it is now approaching the $42.00 support area. If there are more losses, the next support is seen near the $40.00 level. On the upside, an initial resistance is near the $45.50 and $46.20 levels.
EOS price is down close to 10% and it broke many supports near the $2.500 level. The price is now trading near the $2.350 support and it could continue to move down towards the $2.250 level. On the upside, there are many hurdles for a recovery near the $2.500 and $2.550 levels.
Cardano price is tumbling and now trading well below the key $0.0500 and $0.0450 support levels. ADA price is trading below the $0.0350 support and it is approaching the $0.0320 support. Any further losses might call for a test of the $0.0305 level.
Crypto Market Cap
Looking at the total cryptocurrency market cap hourly chart, there was a nasty decline below the $220.0B support area. The crypto market cap even broke the $200.0B support area and declined more than $40.0B. It tested the $175.0B and it seems like it could even test the $164.0B support area.
Therefore, there are chances of more downsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins in the coming sessions.
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