Analysis of BCH, BNB, LTC, and EOS
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Analysis of BCH, BNB, LTC, and EOS

January 3, 2020      Cryptoknowmics

Bitcoin as well as the cryptocurrency market capitalization are obtaining declining momentum. Several altcoins are likewise declining.

The price of BCH/USD experienced a modest move to the upside and then encountered a hurdle close to $215. Hence, the price began a new fall and in recent times moved below the supports at $205 and $200.

At the moment, the price is under $200 and may keep declining towards the support at $185. On the upside, the price may struggle close to $205 and $210.

As for the performance of Binance coin (BNB), its price could not establish a level over the support at $13.80 and in recent times fell under the support at $13.50. At the moment, the price is near $13.20 and it seems it could decline towards $13.00. On the other hand, the price needs to surge over $13.50 and $13.80 for the recovery of losses.

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The price of LTC is on the downside by about 5 percent and moved below several supports close to $41.00 and $40.00. It was able to test the support at $38.80 and is now into the consolidation of losses. There could be a retracement to the upside towards $40.00 and $40.50. A look at the downside shows key supports close to $38.80 and $38.50.

The price of EOS price is likewise on the downside by about 5 percent and it moved under the major supports at $2.550 and $2.500. The price was near $2.400 prior to its retracement to the upside. Nevertheless, its past supports close to $2.500 and $2.550 could soon resist the price.

#Altcoins #Binance Coin #Bitcoin Cash #Crypto News #Cryptocurrency #Cryptocurrency Market #EOS #Litecoin #Technical Analysis
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