Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC) Price Analysis (5th June 2018)
Data & Research

Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC) Price Analysis (5th June 2018)

Bitcoin Cash (BCH)

Key Highlights

  • The price of Bitcoin Cash has grown in the last 24 hours.
  • There is a short-term bullish trend line forming with resistance at 1153.97 USD on the hourly chart of the BCH/USD pair.
  • The price of BCH/USD pair would see a decline soon.

The BCH price against the US dollar has grown in the last 24 hours. While it did drop from 1116.94 USD to 1085.49 USD in half an hour in the morning, it grew from 1088.09 USD to 1135.45 USD 20 minutes towards the end of the day. As of now, the pair is trading at 1152.4 USD and is expected to see a dip soon.

BCH Price Chart 05/06/18
Source: TradingView

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

Major Support Level – 1064.72 USD

Major Resistance Level – 1153.97 USD

EOS (EOS)

  • The EOS/USD pair has grown today.
  • There is a short-term bullish trend line forming with resistance at 14.22 USD on the hourly chart of the EOS/USD pair.
  • We predict that the pair would dip a little before growing further.

The EOS price against the US dollar has grown today. As of now, the pair is trading at 14.1260 USD and is expected to grow further after a dip.

EOS Price Chart 05/06/18
Source: TradingView

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

Major Support Level – 12.97 USD

Major Resistance Level – 14.22 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 120.82 USD on the hourly chart of the LTC/USD pair.
  • We predict that the pair would see a decline soon.

The LTC price against the US dollar has grown in the last 24 hours. Compared to its performance yesterday, this has been quite a rise. As of now, the cryptocurrency is being traded at 121.69 USD and is expected to dip soon.

LTC Price Chart 05/06/18
Source: TradingView

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

Major Support Level – 116.44 USD

Major Resistance Level – 121.95 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.