How Some Mainstream Cryptocurrencies are Performing

News / 30.12.2019

Some cryptocurrencies, including Bitcoin, are showing a steady move to the upside. These cryptocurrencies include ETH, LTC, XRP, RCH, XLM, TRX, BNB, and EOS. 

The BCH/USD also began to incline following a consolidation over the support at $185. This price increased by above 5%, hence breaking the hurdles $200 and $205. Currently, the BCH/USD price is above $210, and buyers want to reach the $225 hurdle. More gains could result in an additional upsurge towards $250 of the pair.

Analyzing some Cryptocurrencies

Recently BNB surged over the hurdle at $ 14.00, and its price is on the upside by almost 5%, and it is currently to $14.20. The immediate key hurdle is close to $14.50, and it may lead to a $15.00 hurdle zone.

On the other hand, LTC’s price formed a support base close to $ 40.00, and then the price steadily inclined, breaking the $43.00 hurdles. LTC got various key resistances, close to levels of $44.20 and $45.00. On the downside, the price may have support at $41.20.

Additionally, TRX has support at $0.0130 as it retrieves its losses. This digital currency remains over $0.0135 and may rise over the hurdle at $0.0140. Additionally, if the TRX’s price closes over $0.0140, this cryptocurrency could reach a hurdle of $0.0150.

Analyzing the Four-Hour Chart of Crypto Market Capitalization

The four-hour chart of cryptocurrency market capitalizations shows a modest recovery, over the hurdles at $182.0 B. Its value inclined over $190.0 B and visited the hurdle at $195.0B.

The value is currently consolidating close to $190.0 B, with support close to $ 185.0 B. A surge to $200.0 B could lead to significant gains for the mainstream cryptocurrencies on the upside.

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.