Price Analysis 7/13: BTC, ETH, XRP, BCH, ADA, BSV, BNB, LTC, CRO, LINK
Bitcoin Cash (BCH) has held the 20-day EMA ($234) for the past four days but the altcoin has failed to bounce strongly from this support, which indicates a lack of urgency among the bulls to buy at these levels. Litecoin (LTC) is facing stiff resistance at $45.3501, however, the positive thing is that the bulls have not allowed the price to dip below the 20-day EMA ($43.61) for the past few days, which indicates accumulation on dips.
If the bulls can push the price above $45.3501, the ninth-ranked cryptocurrency on CoinMarketCap can rally to $51, which is again likely to act as a stiff resistance. If the bulls purchase the dip to the 20-day EMA aggressively, the 10th-ranked cryptocurrency on CoinMarketCap is likely to resume the up move and rally to $0.15306.
