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0:00:00 Crypto Market Cap & Bitcoin Drop Sharply: BCH, Litecoin, ADA, TRX Analysis
0:00:07 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.
0:00:13 The total crypto market cap started a strong decline below the $255.0B support.
0:00:19 Bitcoin price is down around 4% and it recently broke the $10,000 support area.
0:00:25 Litecoin price is correcting gains and is trading below the $75.00 support area.
0:00:31 Tron price is correcting gains and is approaching the $0.0165 support level.
0:00:37 Cardano price is testing the $0.0500 level, with a minor bearish angle.
0:00:44 Bitcoin and the crypto market cap are declining sharply.
0:00:47 Ethereum, LTC, BCH, EOS, cardano, ripple, TRX, XLM and BNB are currently correcting gains.
0:00:56 Bitcoin cash price traded above the $320 level against the US Dollar.
0:01:01 However, the BCH/USD pair failed to gain traction above the $325 resistance level and recently started a downside correction.
0:01:10 The price is down around 4% and it seems like it could soon test the $305 support level.
0:01:17 On the upside, the $320 level is an initial resistance.
0:01:21 Litecoin price recovered nicely above the $72.00 and $75.00 resistance levels.
0:01:28 However, LTC price failed to continue higher and it is currently correcting gains.
0:01:33 It is trading below the $75.00 level and it seems like it could test the $72.00 support in the near term.
0:01:40 Tron price is facing a strong resistance near the $0.0172 level.
0:01:45 TRX price is currently correcting recent gains and is approaching the $0.0165 support area.
0:01:53 If there are more downsides, the price could continue to slide towards the $0.0162 support area.
0:02:00 On the upside, the price might struggle near $0.0170 and $0.0172 in the near term.
0:02:09 Cardano price managed to climb above the $0.0500 resistance area.
0:02:15 However, ADA price is struggling to break the $0.0520 resistance and it is currently correcting lower.
0:02:22 If it breaks the $0.0500 support, it could resume its decline in the coming sessions.
0:02:29 Thanks for checking this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.
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