Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC) Price Analysis (28th May 2018)
Data & Research

Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC) Price Analysis (28th May 2018)

Bitcoin Cash (BCH)

  • The price of Bitcoin Cash has shown a steady decline followed by a sudden decline in the last 24 hours.
  • There is a short-term bullish trend line forming with resistance at 938.74 USD on the hourly chart of the BCH/USD pair.
  • The price of BCH/USD pair would continue growing.

The BCH price against the US dollar has been declining in the last 24 hours. It managed to dip from 969.69 USD to 932.25 USD in just 30 minutes! As of now, the pair is trading at 929.8 USD.

BCH Price Chart 28/05/18
Source: TradingView

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

Major Support Level – 918.01 USD

Major Resistance Level – 1005.65 USD

EOS (EOS)

  • The EOS/USD pair has shown a decline in the last 24 hours.
  • There is a short-term bearish trend line forming with resistance at 12.35 USD on the hourly chart of the EOS/USD pair.
  • We predict that the pair would grow.

The EOS price against the US dollar has seen a decline today. It dropped from 12.47 USD to 11.92 USD in just half an hour! As of now, the pair is trading at 12.2710.

EOS Price Chart 28/05/18
Source: TradingView

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

Major Support Level – 11.80 USD

Major Resistance Level – 12.98 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 115.24 USD on the hourly chart of the LTC/USD pair.
  • We predict that the pair would grow further.

The LTC price against the US dollar has declined in the last 24 hours. It dropped from 116.99 USD to 113.20 USD in just 20 minutes. As of now, the cryptocurrency is being traded at 114.64 USD.

LTC Price Chart 28/05/18
Source: TradingView

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

Major Support Level – 112.72 USD

Major Resistance Level – 119.08 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.