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Crypto Market Aims $250 Billion Cap: Bitcoin Cash, Litecoin, EOS, XLM Analysis

  • The total crypto market cap is climbing higher steadily and recently tested the $237.0B level.
  • Bitcoin price is placed nicely above the $8,000 level and it remains supported near $7,800.
  • Litecoin (LTC) price is moving higher towards the $95.00 and $100.00 resistance levels.
  • Bitcoin cash price is currently correcting lower, but it remains supported near $385 and $380.
  • EOS price is now well above the $6.00 level and it seems like the bulls could clear $6.20.
  • Stellar (XLM) price is up more than 10% and it recently cleared the $0.1150 resistance level.

The crypto market cap is gaining pace towards $250 billion, with positive moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as LTC, ripple, bitcoin cash, EOS, TRX, and stellar remain in an uptrend.

Bitcoin Cash Price Analysis

Bitcoin cash price rallied sharply this week and even tested the main $400 resistance against the US Dollar. The BCH/USD pair failed to stay above the $400 level and recently corrected lower below $395 and $390. An immediate support is near the $385 level, below which the price could test the $380 support.

On the upside, the main resistances are near $395 and $400. A proper close above the $400 barrier could push the price towards the $415 and $420 levels in the near term.

Litecoin (LTC), EOS and Stellar (XLM) Price Analysis

Litecoin price traded above the $85.00 and $90.00 resistance levels. LTC price is now trading above the $92.00 level and it seems like the price may clear the $95.00 resistance. The next crucial barrier for the bulls is near the $100.00 level.

EOS price gained bullish momentum after it broke the $5.80 resistance level. The price climbed significantly and broke the $6.00 and $6.10 levels. EOS is currently well supported and it seems like it could soon break $6.20 and trade towards the $6.40 level.

Stellar price settled above the key $0.1000 resistance level and started a nice upward move. XLM price cleared the key $0.1100 and $0.1120 resistance levels to move into a positive zone. The price is now up more than 12% and it seems like the bulls are aiming a break above the $0.1200 resistance level in the near term.

Crypto Market Cap Bitcoin Cash BTC BCH EOS XLM

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise above the $215.0B and $220.0B resistances. The market cap recently broke the $230.0B barrier and climbed towards the $238.0B level. A swing high was formed near $237.3B level and it is currently elevated above $232.0B. It seems like there is a rising channel in place with support near $226.0B. Therefore, there are chances of more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins in the coming sessions.

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Crypto Market, Bitcoin Cruising Higher: Bitcoin Cash, Litecoin, TRX, XLM Analysis

  • The total crypto market cap is placed nicely above $180.0B and it could accelerate higher.
  • Bitcoin price is gaining momentum and it recently surged to a new 2019 above $6,050.
  • Litecoin (LTC) price broke the $75 resistance and it seems like it could grind higher towards $80.
  • Bitcoin cash price is once again moving higher towards the key $295 and $300 resistances.
  • Tron (TRX) price broke the $0.0242 resistance to move into a positive zone.
  • Stellar (XLM) price seems to be consolidating below the key $0.0980 and $0.1000 resistances.

The crypto market cap and bitcoin (BTC) are gaining momentum. Ethereum (ETH), litecoin (LTC), ripple, bitcoin cash, tron (TRX), stellar (XLM) and other altcoins might jump higher.

Bitcoin Cash Price Analysis

Bitcoin cash price found support near the $275 level and recently bounced back against the US Dollar. The BCH/USD pair broke the $285 and $290 resistance levels, but it is facing a lot of hurdles on the upside. An initial resistance is at $295, above which the price may test the $300 level in the near term.

If the price fails to break the $300 resistance level, there is a risk of a fresh decline towards the $285 support level. The main support is at $275, below which the price may test $260.

Litecoin (LTC), Tron (TRX) and Stellar (XLM) Price Analysis

Litecoin price found support just below the $70 level and recently recovered higher. LTC price broke the $72 and $75 resistance levels. It is currently trading above the $75 level and it seems like the price might climb higher towards the $78 or $80 resistance.

Tron price finally started a decent recovery above the $0.0238 and $0.0240 resistance levels. It even broke $0.0242 and $0.0245 before starting a downside correction. TRX price is currently above $0.0242 and it seems like it could climb higher above $0.0245 in the near term.

Stellar price is trading well below the key $0.1000 resistance level. XLM price is currently at $0.0950, with an immediate resistance at $0.0965. A break above $0.0965 could push the price towards the $0.0980 or $0.1000 resistance level.

Crypto Market Cap Bitcoin BTC BCH EOS TRX XLM ETH XRP

Looking at the total cryptocurrency market cap 4-hours chart, there was a fresh increase above the $180.0 and $182.0B resistance levels. The market cap recently tested the $186.6B level and the 76.4% Fib retracement level of the last slide from the $189.5B high to $177.3B low. It seems like there is a strong bullish pattern forming with support near the $180.0B level. As long as the market cap is above the $180.0B level, there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX, ADA, XMR, and other altcoins in the coming sessions.

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What is Stellar? A Primer on Our Wallet’s Newest Cryptoasset

What is Stellar? A Primer on Our Wallet’s Newest Cryptoasset

In January, we launched a new education initiative called Blockchain Primers to ensure our users have the latest and most reliable information, data, and research on the cryptoasset options in their wallets (and beyond).

Today, we’re happy to share a primer on Stellar (XLM), which many of you have test-driven through our $125M airdrop.*

In it, you’ll find:

  • Highlights: quick takeaways on XLM’s key differentiating features (e.g., strengths and issues/tradeoffs)
  • Data: empirical data summarized in charts and tables, including new data not previously available to the public
  • Comparative summary: quantitative and qualitative data-driven comparison against Ripple (XRP)
  • References: links to additional information where you can learn more

Founded in 2014 by crypto pioneer Jed McCaleb and Joyce Kim, Stellar is designed to be a “world-wide payment network” that facilitates the fast exchange of currencies, assets and tokens with negligible transaction fees.

That utility and payments focus has led its native token, Lumens (XLM), to consistently rank as one of the leading cryptoassets in both market value and ecosystem support (e.g. exchange listings and partnerships with companies like IBM, Stripe and Kik).

We’ll have more insights on Stellar in the coming months, but encourage you to download our Stellar Primer for a digestible, yet thorough, rundown of how XLM can play a role in your Blockchain Wallet.

Click here to download our Stellar Primer.

*If you haven’t yet taken advantage of our airdrop, there’s still time! Click here to get started.

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Crypto Analyst: Break of Current Bitcoin Resistance Will Commence Bull Run

The recent Bitcoin rally through months-long resistance at $4,200 has re-ignited the crypto market’s bullish fervor. After nearly a year and a half of bear market, a potential bottom may be in and it’s causing bulls to become more confident that the worst is behind us and a new bull run is close to starting.

One crypto analyst that’s recently gained a lot of attention in the cryptosphere, is now claiming that all of the top cryptocurrencies are currently behind held back by Bitcoin’s current resistance level, and that once it breaks, a new bull run will begin.

Analyst: Bitcoin Bull Run Begins After Break of $5,260

Ethereum trader and crypto analyst ScienceGuy9489 has recently made waves in the crypto space after emerging from a long slumber that pre-dates the peak of the last bull run and sharing some charts that predict not only target prices, but break out dates for Bitcoin, Ethereum, Ripple, and Litecoin.

The bullish calls were almost immediately validated when Bitcoin price rose nearly $1,000 in an hour – more than the previous two months of price growth combined.

Related Reading | Crypto Community Speculates On What Triggered Massive Bitcoin Price Rally 

Since then, the analyst has become a bit of a crypto celebrity, sharing a number of charts and predictions on where the market will go next.

In his latest tweet, the crypto analyst claims that a breakout above $5,260 in Bitcoin price charts, will “cause another bull run.” He further suggests that Ethereum, Litecoin, Ripple, and Stellar – other major cryptocurrencies in the top ten by market cap – are being held back by the critical resistance level.

If the resistance is broken, he says to “expect big gains” if the rally is sustained. If Bitcoin is unable to break through $5,260 and maintain its gains, then he recommends selling the resistance until it is eventually broken.

Trader Sets Lofty Price Targets For Top Cryptos

ScienceGuy9489’s previous predictions came with oddly specific breakout dates. The dates haven’t yet been reached, but all of the proposed breakouts of downtrend lines have occurred.

Due to the fact this trader appeared after well over a year of silence, only to appear and share charts that immediately played out, he’s being given additional credence for his predictions by the crypto community at large. However, the one piece of the puzzle that’s left investors scratching their heads: the price targets that beat each cryptocurrency’s previous all-time high.

Related Reading | Majority of Crypto Investors See Bitcoin Price at $100,000 to Millions Long-Term 

That’s right, the trader is predicting Bitcoin to reach $28,100, Ethereum to hit $2,090, Litecoin to reach $650, and Ripple to skyrocket to $4 per XRP. There’s no date as to when each target may be reached, but if he’s right about a bull run resuming with a break of $5,260, then these prices may soon become a reality.

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Top 5 Crypto Performers Overview: Stellar, Bitcoin Cash, Cardano, Dash, Monero

The crypto market is looking at a tentative uptrend — let’s take a look at the coins leading the way.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

The crypto markets are showing the first signs of bottoming out. Most cryptocurrencies are well above their yearly lows and are starting new uptrends. Every bull phase has a new set of leaders. Therefore, it is important to note the digital currencies that are pulling the market higher, as these are the ones that are likely to outperform during the move upwards.

Bitcoin’s (BTC) dominance continues to drop gradually since reaching a high of about 57.80 percent in mid-September. This shows that the market participants are loading up on altcoins. However, a new bull phase cannot start without support from the leading cryptocurrency.

The good news regarding Bitcoin is that it has stopped falling and is gradually moving higher. Its volume topped $11 billion over the 24-hour period on March 15, a level not seen since April 25 of last year. This shows that market participants are gradually turning bullish on the leading cryptocurrency.

As the crypto universe emerges from its prolonged bear phase, there will be periods when Bitcoin will lead and other times when altcoins will lead. So, traders should change their strategy accordingly.

XLM/USD

Stellar (XLM) is the best performing major cryptocurrency of the past week. It rallied on the back of favorable news, as Coinbase Pro announced support for Stellar on March 13. This move will likely eventually lead to full support on Coinbase’s other platforms. The appointment of Denelle Dixon, former chief operating officer at Mozilla, as the CEO and executive director of Stellar Development Foundation also served as bullish news.

Additionally, IBM’s push to create a stablecoin targeting blockchain-powered cross-border payment solutions for banks involves a partnership with the altcoin in the form of Blockchain World Wire. The question is, can this adoption and development-based rally continue or will it hit a roadblock ahead? Let’s take a look at the charts.

XLM

The XLM/USD pair is in a downtrend. Both the moving averages are still down and the RSI is in the negative zone. Currently, it is attempting to pullback from the lows, which will face resistance at $0.14861760 and above it at the downtrend line.

We are yet to see a higher high and a higher low being formed, which will indicate that the downtrend is over. Therefore, for long-term investors, we don’t see any reliable buy setups yet. If the pair turns down from the 20-week EMA, it will again attempt a breakdown to new lows.   

BCH/USD

Bitcoin Cash (BCH) was the second-best performer for the week, rising about 15 percent. Though there was apparently no specific news driving prices higher, the digital currency has a history of vertical rallies and waterfall declines. Let’s see where it goes from here.

BCH

After many small range weeks, the BCH/USD pair is looking to move up. The current move is likely to carry it to the 20-week EMA, which is just below the horizontal resistance of $239. If the bulls succeed in breaking out of $239, we anticipate the pair to pick up momentum and rally to $400. The digital currency has a history of sharp rallies; hence, the target might surprise to the upside.

Contrary to our assumption, if the cryptocurrency turns down from $239, it might extend its stay in the range for a few more weeks. It will turn negative if the bears sink the price below $105.

ADA/USD

Cardano (ADA) announced this week that it will be one of the founding members of the  European Commission’s International Association for Trusted Blockchain Applications. The association is an effort to identify the improvements blockchain technology can bring to various industries and formulate a common approach for the European Union.

ADA

The ADA/USD pair has been range bound between $0.036815 and $0.051468. We like it when a digital currency forms a large basing pattern after a prolonged downtrend. Previous attempts to breakout or breakdown of the range did not find any takers.

Currently, the bulls are trying to breakout of the range once again. The 20-week EMA is just above this level, which might also act as a roadblock. If the digital currency scales above the 20-week EMA, we anticipate a quick rally to $0.082952 and above it to $0.094256. Therefore, traders can buy on a weekly close (UTC time frame) above $0.051468 and keep a stop loss of $0.0350.

Opposite to our expectations, if the digital currency turns down from the current levels, it will extend it stay in the range for a few more weeks. A breakdown of the range will be a negative sign that can result in a retest of the lows, below which the downtrend will resume.

DASH/USD

Dash (DASH) has been making huge inroads in Venezuela as the citizens look at various available avenues to deal with the unstable Bolivar and foreign sanctions, which threaten to derail SWIFT, Visa and MasterCard services. Dash Text has come up with a charity system that is devoid of any human third-party intervention. The donations are directly distributed among the pool of recipients. In other news, Equicex Group, the provider of privacy-focused debit cards, has decided to integrate Dash, which increases the options available for Dash users.

DASH

The DASH/USD pair continues to trade between $56.214 and $103.261. The bulls are attempting to push prices above the resistance of the range. The 20-week EMA is placed just below $103.261 levels. We expect the bears to defend this resistance. If the price turns down, then the consolidation will stretch out for a few more weeks. The trend will turn negative if the bears sink the digital currency below the range.

Conversely, if the bulls succeed in breaking out of the overhead resistance, it can move towards the next levels of $175 and $224. Aggressive traders can buy a breakout and weekly close (UTC time frame) above $103.261. The initial stop loss can be kept at $56 that can be quickly raised if the price moves northwards or fails to build upon gains following the breakout.

XMR/USD

In Monero (XMR) news, the altcoin completed a hard fork on March 09 that will help improve its privacy, security and ASIC resistance. Following the update, the hash rate of the Monero network plunged by about 90 percent from 1.14Gh/s to 162.14Mh/s. Additionally, two new Monero trading pairs were added by top global exchange Binance. Given these developments, the cryptocurrency came out this week as the fifth best performer. Can it improve upon its performance?

XMR

The bulls are attempting to carry the XMR/USD pair above the resistance of the range at $60.1470 and the 20-week EMA at $62.50. If successful, a quick rally to $81, followed by a move to $114.840 is probable. The long-term target is $150.

Traders can buy on a close above $62.5 and keep a stop loss of $38, which is just below the bottom of the range. As the price moves higher, we would suggest trailing the stops higher to reduce risk.

On the other hand, if the price turns down from the overhead resistance, the virtual currency will remain range bound for a few more weeks. The trend will turn negative on a breakdown of the current range.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.