The cryptocurrency market has not shown a strong bullish indication since Friday with the prices of the major coins staying largely the same. The total marketcap value is around $283billion with the market currently showing bearish sentiments.
Leading coin Bitcoin is currently trading at $9,763 after failing to surpass the $10,000 mark in recent days, there are speculations that a bearish run could see the leading coin fall further. Ethereum (ETH) meanwhile is accumulating efforts to continue its recent bull run.
There are strong sentiments that the main altcoin could hit the $280 range by the end of the month. Ethereum is currently trading at $268 as at press time.
Ripple price analysis
Ripple has been swinging price rise in recent weeks with its price breaking the $0.2800 resistance area. However, the bulls failed to lead the price toward the $0.3000 resistance.
This pushed the price to a fresh decline with XRP trading below the the $0.2800 and $0.2780 levels to move into a short term bearish zone. As at press time XRP was trading at $0.2737.
If ripple fails to climb back above $0.2800, it could slide below the $0.2700 support. The next key support is near the $0.2650 and $0.2640 levels.
BCH Price analysis
Bitcoin Cash has been in the news in recent days following the high profile theft of around $30 million worth of BCH last week. There have also been disagreements within the community about upcoming updates to its blockchain.
This appears to have affected the price of BCH with the coin currently down 3. 95% to the USD in the last 24 hours. At the time of writing, BCH is valued at $379.46 with a market cap of around $6.9 billion to rank fourth on the coin rankings.
Looking at the market trend the next support levels for the coin is around $370 while an upturn in price would see the next resistance point at $385.
LTC Price analysis
Litecoin is another coin that made major losses in the last 24 hours of trading with the platform down 4.75% to the USD. LTC is currently valued at $75.18 and the current trend looks to be bearish at the moment.
Looking at predictions, if the current trend continues, LTC next support levels is around $70 while an upturn in value would see the next psychological barrier at $80 mark.
