Data & Research

Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC) Price Analysis (1st June 2018)

Bitcoin Cash (BCH)

  • The price of Bitcoin Cash has declined in the last 24 hours.
  • There is a short-term bearish trend line forming with resistance at 986.93 USD on the hourly chart of the BCH/USD pair.
  • The price of BCH/USD pair would grow soon.

The BCH price against the US dollar has declined in the last 24 hours. It dropped from 1005.19 USD to 981.86 USD in just half an hour. As of now, the pair is trading at 988.1 USD.

BCH Price Chart 01/06/18
Source: TradingView

Hourly MACD – The hourly MACD for BCH/USD is bearish.

Major Support Level – 979.83 USD

Major Resistance Level – 1010.34 USD

EOS (EOS)

  • The EOS/USD pair has declined today.
  • There is a short-term bearish trend line forming with resistance at 12.09 USD on the hourly chart of the EOS/USD pair.
  • We predict that the pair would grow soon.

The EOS price against the US dollar has declined today. As of now, the pair is trading at 12.0450 USD and is expected to grow soon.

EOS Price Chart 01/06/18
Source: TradingView

Hourly MACD – The hourly MACD for EOS/USD is bearish.

Major Support Level – 11.99 USD

Major Resistance Level – 12.65 USD

Litecoin (LTC)

  • The price of Litecoin has declined against the US dollar today.
  • There is a short-term bearish trend line forming with resistance at 118.22 USD on the hourly chart of the LTC/USD pair.
  • We predict that the pair might grow soon.

The LTC price against the US dollar has declined in the last 24 hours. As of now, the cryptocurrency is being traded at 118.40 USD.

LTC Price Chart 01/06/18
Source: TradingView

Hourly MACD – The hourly MACD for LTC/USD is bearish.

Major Support Level – 117.03 USD

Major Resistance Level – 120.20 USD

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.