Cryptographic currencies such as BTC, ETH, LTC, BCH and EOS may fall further in the short term

Cryptographic currencies such as BTC, ETH, LTC, BCH and EOS may fall further in the short term

With Bitcoin falling sharply today (July 11), the top ten mainstream currencies have fallen, and the total value of the entire cryptocurrency market has shrunk by more than $30 billion.

NewsBTC analyst Aayush Jindal said BTC, ETH, LTC, BCH, EOS, ADA, XRP, TRX, XLM and BNB may fall further in the short term. In addition, the analyst analyzed the recent market conditions of BCH, LTC, and ADA.

He said that after failing to break the resistance level of $420, BCH began to fall sharply. The price once fell below several important support levels such as 405, 400, 395 and 390 dollars, and even dropped to around $380. Today, the token has fallen below the support level of 370, 360, and 350 dollars, and the price is hovering around 340 dollars.

LTC has fallen below the $112 and $110 support levels, falling more than 11%, and even tested the $105 support level. The important support for the token is around $100, below which it is likely to fall sharply.

Recently, the ADA has fallen below the support levels of 0.0780, 0.0760 and $0.0725, approaching the $0.0700. Affected by the downside of today's broader market, the token is currently trading at around $0.0650.

As of press time, BTC quoted $11,506, down 10.99% for 24 hours; BCH quoted $338, down 18.62% for 24 hours; LTC quoted $101, down $14.59 for 24 hours; TRX quoted $0.028 for $24.45 for 24 hours; ADA quoted 0.064 The dollar fell 15.5% in 24 hours.

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