BCH/USD Surges As Price Of Other Cryptocurrency Pairs Drop
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.
by Wayne Jones
by Mandy Williams
by Olowoporoku Adeniyi