Crypto Market Rebounds: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis
The crypto market could rebound in the short term. Bitcoin (BTC), Ethereum (ETH), ripple, litecoin, bitcoin cash and ADA might correct higher in the coming sessions.
Bitcoin Cash Price Analysis
Bitcoin cash price declined below the $120 support recently against the US Dollar. BCH/USD tested the $118 support level and it is currently consolidating in a tight range. The next move could be either above the $120 resistance or below the support level.
If sellers push the price below the $118 support, there could be a downside extension towards the $115 or $112 support level.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price remained in a positive zone above the $30.00 and $32.00 support levels. LTC recently climbed above the $34.00 resistance and it seems like it could continue to move higher. The next resistance is at $35.00, above which the price may perhaps rally towards the $38.00 level in the near term.
Tron price once again performed really well and traded above the $0.0265 and $0.0270 resistance levels. TRX is up more than 8% and it seems like buyers are looking for a test of the $0.0285 resistance. On the downside, the previous resistances at $0.0270 and $0.0265 are likely to act as supports.
Cardano price settled below the $0.0392 and $0.0385 resistance levels. ADA tested the $0.0370 support level a ...