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Bitcoin Cash, Litecoin And Dogecoin Bulls Aim Higher Despite Sharp Dip

bitcoin-cash-litecoin-and-dogecoin-bulls-aim-higher-despite-sharp-dip

  • The total crypto market cap extended upsides and traded close to the $180.0B resistance.
  • Bitcoin cash price almost doubled and it recently touched the $340 level before correcting lower.
  • Litecoin (LTC) traded close to the $100 resistance before a decent pullback.
  • Bitcoin SV is also trading nicely and it recently tested the $90 level.
  • Dogecoin price surged more than 20% and it recently tested the $0.0035 level.

Sharp gain in bitcoin cash, litecoin, dogecoin, BTC, XLM, ripple and ADA fueled $40.0 billion crypto rally. BTC, XRP and ETH corrected lower recently, but they remain well supported on dips.

Bitcoin Cash (BCH) Price Analysis

Recently, there was a strong upward move in bitcoin cash price above the $200 resistance level against the US Dollar. BCH outperformed every other coin in the top 10 and it almost doubled its price. Buyers even pushed the price above the $300 level and the price tested the $340 level.

Later, there was a sharp downside correction and the price traded below the $320 and $300 support. However, the price remains well supported on the downside near the $290 and $280 levels.

Litecoin (LTC), Dogecoin and EOS Price Analysis

Litecoin also performed really well after it broke the $70 resistance level. It climbed more than 30% and broke the $80 and $90 resistance levels. LTC even traded close to the $100 resistance level and recently corrected lower. It moved below the $90 level, but the $80 and $82 levels are acting as strong supports. As long as the price is above $80, it is likely to bounce back above $90 and $95.

Dogecoin started a strong upward move after forming a support base above the $0.0020 level. DOGE price climbed above the $0.0025 and $0.0030 resistance levels. The recent rally was strong as the price even traded towards the $0.0035 level. A high was formed near $0.00376 level and the price is currently correcting lower. The main supports are near $0.0035 and $0.0032.

EOS price rallied sharply above the $5.20 and $5.50 resistance levels. It tested the $5.80 level and recently corrected lower. It tested the $5.20 support and it remains well supported above the $5.00 level.

Looking at the total cryptocurrency market cap hourly chart, there were further upsides above the $165.0B and $170.0B resistance levels. The market cap even moved closer to the $180.0B level before correcting lower. There was a sharp downside correction below the $175.0B and $170.0B levels. However, the previous resistance near the $160.0B zone acted as a strong support. The market cap is currently consolidating, but it could move higher once again towards $170.0B or even $175.0B. Therefore, there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, bitcoin cash, dogecoin, XLM, ICX, and other altcoins in the near future.

The post Bitcoin Cash, Litecoin And Dogecoin Bulls Aim Higher Despite Sharp Dip appeared first on NewsBTC.