Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 8

On numerous occasions, the first rally from the lows can reach overbought levels but this is not similar to the overbought levels as seen following an extended uptrend.

If the price does not correct within the next few days, the traders waiting to buy the dip will be forced to go long at higher levels or miss out on the opportunity.

Currently, the price is back below $91. The bears will now try to drag the digital currency towards the 20-day EMA, which is a strong support.

If the LTC/USD pair bounces off the 20-day EMA or reverses direction from the current levels, it will try to break out and sustain above $100. If successful, it can result in a rally to $159 and above it to $180. As both the moving averages are sloping up and the RSI remains in the overbought zone, the path of least resistance is to the upside.

Bitcoin Cash is currently facing profit booking that can drag it towards $265. If this support breaks, a fall to $239 is probable.

If the $265 level holds, the BCH/USD pair will again try to move up toward the recent high of $363.30.

If the digital currency rebounds from $5 or the 20-day EMA, it will again try to move up to its target objective of $6.8299.The EOS/USD pair has a strong support at $4.4930.

The traders can keep the stop loss on the remaining long positions at $4.80.BNB/USDBinance Coin is not finding buying support above $20. Profit booking has dragged the price closer to the critical horizontal support.

Traders can retain the stop loss on the remaining long positions at just below 20-day EMA.Conversely, if the BNB/USD pair rebounds from current levels, it will again attempt to scale above the $20-$22 resistance zone.

The first support on the downside is at $0.082952 and below it at the 20-day EMA. We expect one of these support levels to hold up.