{"id":381710,"date":"2019-05-11T13:28:23","date_gmt":"2019-05-11T13:28:23","guid":{"rendered":"https:\/\/uniquehot.com\/?p=381710"},"modified":"2024-06-11T13:01:04","modified_gmt":"2024-06-11T13:01:04","slug":"crypto-market-hits-200-billion-bitcoin-rallies-to-7k-bch-ltc-eos-ada-analysis","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-market-hits-200-billion-bitcoin-rallies-to-7k-bch-ltc-eos-ada-analysis\/","title":{"rendered":"Crypto Market Hits $200 Billion, Bitcoin Rallies To $7K: BCH, LTC, EOS, ADA Analysis"},"content":{"rendered":"<ul>\n<li>The total crypto market cap surged higher and tested the $200B resistance level.<\/li>\n<li><a href=\"https:\/\/uniquehot.com\/2019\/05\/11\/bitcoin-btc-price-hits-6-5k-real-test-ahead\/\" target=\"_blank\" rel=\"noopener noreferrer \">Bitcoin price<\/a> gained traction above $6,500 and traded close to the $7,000 level.<\/li>\n<li>Litecoin (LTC) price is up 15% and it recently broke the $85.00 resistance<\/li>\n<li>Bitcoin cash price gained more than 12% and surged above the $300 and $310 levels.<\/li>\n<li>EOS price is also up more than 10% and recently cleared the $5.20 resistance area.<\/li>\n<li>Cardano (ADA) price rallied 12% and it recently broke the $0.0700 resistance level.<\/li>\n<\/ul>\n<p><em>The crypto market cap rallied to the $200 billion level, while bitcoin (BTC) climbed towards $7,000. Altcoins also started an upward move, with gains in <a href=\"https:\/\/uniquehot.com\/2019\/05\/10\/ethereum-eth-price-could-break-175-bitcoin-climbs-towards-6-4k\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a> (ETH), litecoin, <a href=\"https:\/\/uniquehot.com\/2019\/05\/10\/ripple-xrp-price-bleed-bitcoin-price-surge\/\" target=\"_blank\" rel=\"noopener noreferrer \">ripple<\/a>, EOS, tron (TRX), and ADA.<\/em><\/p>\n<h2>Bitcoin Cash Price Analysis<\/h2>\n<p>There was a strong upward move in bitcoin cash price above the $295 resistance level against the US Dollar. The BCH\/USD pair climbed more than 10% and broke the $300, $310 and $315 resistance levels. The price is currently trading above the $320 level and it may continue to rise towards the $330 or $340 level.<\/p>\n<p>Besides, if there is a downside correction, the recent hurdle near the $310 and $300 levels could act as a strong support for the bulls in the near term.<\/p>\n<h2>Litecoin (LTC), EOS and Stellar (XLM) Price Analysis<\/h2>\n<p>Litecoin price rallied more than 15% and it recently cleared the $80.00 and $85.00 resistance levels. LTC price is gaining momentum and it seems like it could test the $88.00 or $90.00 level in the near term.<\/p>\n<p>EOS price also followed other major altcoins and gained more than 10%. The price surpassed the main $5.05 resistance level and recently climbed above the $5.20 level. The next key resistance is at $5.35, above which the price could test the $5.50 resistance level.<\/p>\n<p>Cardano price finally started a strong upward move above the $0.0680 and $0.0685 resistance levels. ADA price is up around 12% and it recently cleared the $0.0700 and $0.07100 resistance levels. If the bulls remain in action, the price may rise towards the $0.0730 level.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-381711\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Crypto-Market-Cap-Total-5.png?resize=1828%2C868\" alt=\"Crypto Market Cap Bitcoin Cash BTC BCH ETH XRP ADA LTC EOS\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Crypto-Market-Cap-Total-5.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Crypto-Market-Cap-Total-5.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Crypto-Market-Cap-Total-5.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Crypto-Market-Cap-Total-5.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Crypto-Market-Cap-Total-5.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Crypto-Market-Cap-Total-5.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Crypto-Market-Cap-Total-5.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Looking at the total cryptocurrency market cap hourly <a href=\"https:\/\/www.tradingview.com\/symbols\/CRYPTOCAP-TOTAL\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, there was a steady rise above the $180.0B and $185.0B resistance levels. The market cap gained more than $10 billion and broke a major bullish pattern. It surged towards the $200.00 billion market cap and it is currently correcting lower. On the downside, there are many supports near the $195.0B and $192.0B levels. On the upside, a clear break above the $200.0B resistance may open the doors for more gains towards the $205.0B and $208.0B levels. Therefore, dips remain supported in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total crypto market cap surged higher and tested the $200B resistance level. Bitcoin price gained traction above $6,500 and traded close to the $7,000 level. Litecoin (LTC) price is up 15% and it recently broke the $85.00 resistance Bitcoin cash price gained more than 12% and surged above the $300 and $310 levels. EOS price is also up more than 10% and recently cleared the $5.20 resistance area. Cardano (ADA) price rallied 12% and it recently broke the $0.0700 resistance level. The crypto market cap rallied to the $200 billion level, while bitcoin (BTC) climbed towards $7,000. Altcoins also started an upward move, with gains in Ethereum (ETH), litecoin, ripple, EOS, tron (TRX), and ADA. Bitcoin Cash Price Analysis There was a strong upward move in bitcoin cash price above the $295 resistance level against the US Dollar. The BCH\/USD pair climbed more than 10% and broke the $300, $310 and $315 resistance levels. The price is currently trading above the $320 level and it may continue to rise towards the $330 or $340 level. Besides, if there is a downside correction, the recent hurdle near the $310 and $300 levels could act as a strong support for the bulls in the near term. Litecoin (LTC), EOS and Stellar (XLM) Price Analysis Litecoin price rallied more than 15% and it recently cleared the $80.00 and $85.00 resistance levels. LTC price is gaining momentum and it seems like it could test the $88.00 or $90.00 level in the near term. EOS price also followed other major altcoins and gained more than 10%. The price surpassed the main $5.05 resistance level and recently climbed above the $5.20 level. The next key resistance is at $5.35, above which the price could test the $5.50 resistance level. Cardano price finally started a strong upward move above the $0.0680 and $0.0685 resistance levels. ADA price is up around 12% and it recently cleared the $0.0700 and $0.07100 resistance levels. If the bulls remain in action, the price may rise towards the $0.0730 level. Looking at the total cryptocurrency market cap hourly chart, there was a steady rise above the $180.0B and $185.0B resistance levels. The market cap gained more than $10 billion and broke a major bullish pattern. It surged towards the $200.00 billion market cap and it is currently correcting lower. On the downside, there are many supports near the $195.0B and $192.0B levels. On the upside, a clear break above the $200.0B resistance may open the doors for more gains towards the $205.0B and $208.0B levels. Therefore, dips remain supported in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.<\/p>\n","protected":false},"author":67,"featured_media":328947,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,10765,10736,1119,12332,10598,10,2828],"class_list":["post-381710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-bch","tag-bitcoin-cash","tag-btc","tag-cardano","tag-eos","tag-litecoin","tag-ltc"],"acf":[],"yoast_head":"\n<title>Crypto Market Hits $200 Billion, Bitcoin Rallies To $7K: BCH, LTC, EOS, ADA Analysis<\/title>\n<meta name=\"description\" content=\"The crypto market cap rallied to the $200 billion level, while bitcoin (BTC) climbed towards $7,000. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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