As Bitcoin posted a dip and was trading slightly above the $ 45K mark, altcoins also posted losses. Bitcoin Cash fell 9.2% and had revised the price it last touched a month and a half ago. Litecoin also depreciated and was trading close to its one-month low. Lastly, Binance Coin posted a 5.1% drop and was priced close to its one-week low mark.
Bitcoin Cash (BCH)
Bitcoin Cash decreased by a considerable 9.2% in the last 24 hours. The altcoin was trading at $ 577.60, a level it last touched almost a month ago. The immediate support level for Bitcoin Cash sits at $ 524.73, which also marks a one-and-a-half month low for the altcoin.
On the four-hour chart, the BCH price was below the 20-SMA line, suggesting that the price momentum favored sellers. In correspondence, the Relative Strength Index was seen within oversold territory. The indicator was at a multi-month low. MACD flashing red bars in your histogram.
the Awesome oscillator Red signal bars were also observed. In the event of a price reversal, the immediate resistance level was at $ 608.74. Other price caps were at $ 672.68 and $ 705.02, respectively.
Litecoin also depreciated 7.5% over the past day and was trading at $ 166.48. The closest support line for the coin was at $ 161.70, which is also the lowest price in a month for the altcoin. Litecoin had witnessed a strong sell-off and on the four-hour chart, LTC price was seen below the 20-SMA line, claiming the same.
Relative Strength Index it was parked within the oversold zone. Chaikin money flow it was also below the median line, as capital inflows were negative. MACD flashing red bars in the histogram.
In case the buying pressure picks up, Litecoin’s immediate resistance stood at $ 170.68. Additional resistance levels for LTC were $ 194.13 and $ 218.15, respectively.
Binance Coin (BNB)
Binance Coin posted a 5.1% decline in the last 24 hours. The price of BNB stood at $ 389, its low in a week. A drop below the current price level would take BNB to $ 386.8 and then to its one-and-a-half month low of $ 351.7.
Relative Strength Index it was in the bearish zone and the indicator could head into the oversold zone. MACD shows red bars on the histogram.
Bollinger Bands diverged, indicating that price volatility could be increasing during the next trading sessions. On the upside, BNB’s immediate maximum price stood at $ 416.4. Breaking down the aforementioned resistance mark, Binance Coin could aim to retest the resistance levels of $ 433.5 and $ 460.4 respectively.
This is a machine translation of our English version.