Data & Research

Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC) Price Analysis (29th May 2018)

Bitcoin Cash (BCH)

  • The price of Bitcoin Cash has shown an impressive growth in the last 24 hours.
  • There is a short-term bullish trend line forming with resistance at 995.18 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 grown considerably in the last 24 hours. It managed to shoot up to 995.18 USD where it met resistance which it failed to break. After failing to break the resistance, the cryptocurrency fell to 990.28 USD. As of now, the pair is trading at 978.3 USD.

BCH Price Chart 29/05/18
Source: TradingView

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

Major Support Level – 880.89 USD

Major Resistance Level – 995.18 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 12.02 USD on the hourly chart of the EOS/USD pair.
  • We predict that the pair would continue declining.

The EOS price against the US dollar has declined today. It dropped from 11.69 USD to 11.02 USD in a little over half an hour! As of now, the pair is trading at 11.8500 USD.

EOS Price Chart 29/05/18
Source: TradingView

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

Major Support Level – 11.93 USD

Major Resistance Level – 12.29 USD

Litecoin (LTC)

  • The price of Litecoin has grown against the US dollar today.
  • There is a short-term bullish trend line forming with resistance at 121.50 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 grown in the last 24 hours. It dropped from 114.31 USD to 118.75 USD in just 20 minutes. As of now, the cryptocurrency is being traded at 120.60 USD.

LTC Price Chart 29/05/18
Source: TradingView

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

Major Support Level – 110.90 USD

Major Resistance Level – 121.50 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.