Data & Research

Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC) Price Analysis (31st May 2018)

Bitcoin Cash (BCH)

  • The price of Bitcoin Cash has grown in the last 24 hours.
  • There is a short-term bullish trend line forming with resistance at 1013.65 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 in the last 24 hours. It managed to shoot up from 982.16 USD to 1008.88 USD in a little over half an hour. As of now, the pair is trading at 989.9 USD.

BCH Price Chart 31/05/18
Source: TradingView

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

Major Support Level – 957.25 USD

Major Resistance Level – 1027.73 USD

EOS (EOS)

  • The EOS/USD pair has grown today.
  • There is a short-term bullish trend line forming with resistance at 12.39 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 grown today. As of now, the pair is trading at 12.2540 USD and is expected to grow soon.

EOS Price Chart 31/05/18
Source: TradingView

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

Major Support Level – 11.81 USD

Major Resistance Level – 12.45 USD

Litecoin (LTC)

  • The price of Litecoin has grown against the US dollar today.
  • There is a short-term bearish trend line forming with resistance at 120.41 USD on the hourly chart of the LTC/USD pair.
  • We predict that the pair would grow soon.

The LTC price against the US dollar has grown in the last 24 hours. As of now, the cryptocurrency is being traded at 119.50 USD.

LTC Price Chart 31/05/18
Source: TradingView

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

Major Support Level – 116.64 USD

Major Resistance Level – 120.59 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.