BCH/USD Surges As Price Of Other Cryptocurrency Pairs Drop

News / 20.12.2019

Recently, the aggregate cryptocurrency market is maintaining significant support. Major cryptocurrencies, including ETH, TRX, XLM, EOS, XLP, LTC, and BCH, are having a hard time increasing in price.

BCH/USD, on the other hand, is surging following a move to $170. Its price increased to over $180, and as we speak, it is into consolidation close to $185. The upside shows two critical resistances close to $192 and $195; a move over them may take the price towards $ 215. The failure of the value to remain over $180 could make it retest $ 170 low soon.

Price of Other Cryptocurrencies Decline

The price of LTC is in recovery over $ 38.50. It is, however, in a struggle to establish a position over $40.00. If it closes over $40,00, the price may move over the hurdle at $42.00. Otherwise, it may transfer under $38.50 and resume its decline. The immediate significant support is close to $37.00.

On the other hand, EOS’s price maintains the support at $2.400 and is now within a range. On the upside, various hurdles are available and begin at $2.500. The significant limitations are at $2.550 and $2.600, and a move over them could take the price to $3.000 soon.

XLM’s price is holding the support at $0.042. Recently, it retraced to over $0.045, but it is encountering several resistances from $0.046 and $0.0465. It needs a surge over the hurdle at $0.0500 for a powerful recovery.

Dacosta Osei-Tutu, a first degree holder in Nursing, who couples his Nursing career with blockchain blogging, has a great passion for the blockchain technology and aims to play a vital role in applying this revolutionary technology to disrupt the healthcare system in Africa.