Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC), Cardano (ADA), Stellar (XLM), TRON (TRX) Price Summary (8th June 2018)
Data & Research

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC), Cardano (ADA), Stellar (XLM), TRON (TRX) Price Summary (8th June 2018)

Bitcoin (BTC)

Key Highlights

  • Bitcoin price has declined against the US dollar today.
  • There is a short-term bearish trend line forming with resistance at 7603.50 USD on the hourly chart of the BTC/USD pair.
  • We predict that the pair would grow soon.

The price of the BTC/USD pair has declined against the US dollar today. As of now, the pair is trading at 7587.5 USD and might grow soon because of Susquehanna International Group announcing that it would open crypto trading to clients in the form of Bitcoin (BTC) futures.

BTC Price Chart 08/06/18
Source: TradingView

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

Major Support Level – 7558.40 USD

Major Resistance Level – 7698.19 USD

Ethereum (ETH)

Key Highlights

  • The price of Ethereum against the dollar has declined today.
  • There is a short-term bearish trend line forming with resistance at 599.09 USD on the hourly chart of the ETH/USD pair.
  • We predict that the pair would grow soon.

The ETH price against the US dollar has declined in the last 24 hours. As of now, the cryptocurrency is being traded at 596.14 USD and might grow soon because of the announcement of Andy Warhol’s 1980 work 14 Small Electric Chairs to be sold using Ethereum.

ETH Price Chart 08/06/18
Source: TradingView

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

Major Support Level – 595.59 USD

Major Resistance Level – 608.81 USD

Ripple (XRP)

Key Highlights

  • The price of Ripple has declined against the US dollar today.
  • There is a short-term bearish trend line forming with resistance at 0.669938 USD on the hourly chart of the XRP/USD pair.
  • We predict that the pair would decline further soon.

The XRP price against the US dollar has grown in the last 24 hours. As of now, the cryptocurrency is being traded at 0.66800 USD and might decline further due to an upcoming lawsuit issued by California-based firm Taylor-Copeland.

XRP Price Chart 08/06/18
Source: TradingView

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

Major Support Level – 0.660804 USD

Major Resistance Level – 0.682353 USD

Bitcoin Cash (BCH)

Key Highlights

  • The price of Bitcoin Cash has declined in the last 24 hours.
  • There is a short-term bearish trend line forming with resistance at 1126.53 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. As of now, the pair is being traded at 1114.1 USD and might grow soon due to the wrap-up of an event in Hangzhou, China, wherein over a hundred developers flocked in from different parts of the world to develop applications for the cryptocurrency.

BCH Price Chart 08/06/18
Source: TradingView

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

Major Support Level – 1096.91 USD

Major Resistance Level – 1149.80 USD

EOS (EOS)

  • The EOS/USD pair has grown today.
  • There is a short-term bullish trend line forming with resistance at 13.98 USD on the hourly chart of the EOS/USD pair.
  • We predict that the pair would grow further.

The EOS price against the US dollar has grown today. As of now, the pair is trading at 13.9750 USD and might grow further due to the news about the cryptocurrency being listed on BitMEX, the famous cryptocurrency exchange.

EOS Price Chart 08/06/18
Source: TradingView

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

Major Support Level – 13.71 USD

Major Resistance Level – 14.72 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 119.65 USD on the hourly chart of the LTC/USD pair.
  • We predict that the pair would decline further.

The LTC price against the US dollar has grown in the last 24 hours. As of now, the cryptocurrency is being traded at 119.39 USD and might decline further. While the #PayWithLitecoin initiative had been going pretty well until recently, it seems like the effect is wearing off—until some popular participants roll in.

LTC Price Chart 08/06/18
Source: TradingView

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

Major Support Level – 118.71 USD

Major Resistance Level – 121.95 USD

Cardano (ADA)

Key Highlights

  • The price of Cardano has declined today.
  • There is a short-term bearish trend line forming with resistance at 0.204622 USD on the hourly chart of the ADA/USD pair.
  • We predict that the pair would decline further.

The ADA price against the US dollar has declined in the last 24 hours. The pair is currently being traded at 0.206046 USD and would decline further since ADA holders haven’t really been happy when ADA was replaced by Stellar (XLM) as the 7th top cryptocurrency.

ADA Price Chart 08/06/18
Source: TradingView

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

Major Support Level – 0.202634 USD

Major Resistance Level – 0.211528 USD

Stellar (XLM)

Key Highlights

  • Stellar has declined against the US dollar in the last 24 hours.
  • There is a short-term bearish trend line forming with resistance at 0.293189 USD on the hourly chart of the XLM/USD pair.
  • We predict that the pair would grow soon.

The XLM/USD pair has declined today. It is now being traded at 0.289629 USD and is expected to grow soon since after beating ADA to become the 7th top cryptocurrency in the market, the attention of a lot of crypto traders has shifted to XLM.

XLM Price Chart 08/06/18
Source: TradingView

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

Major Support Level – 0.285597 USD

Major Resistance Level – 0.300159 USD

TRON (TRX)

Key Highlights

  • The price of TRON is has declined against the US dollar in the last 24 hours.
  • There is a short-term bearish trend line forming with resistance at 0.057689 USD on the hourly chart of the TRX/USD pair.
  • We predict that the pair would decline further.

The TRX price against the US dollar has declined in the last 24 hours. It is currently being traded at 0.058000 USD and might decline soon. The reason for the decline can be the fact that TRON has awarded the grand prize in a programming contest to a freelancer working for them.

TRX Price Chart 08/06/18
Source: TradingView

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

Major Support Level – 0.056793 USD

Major Resistance Level – 0.059053 USD

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*This is only an estimated view and not financial gospel. Please invest at your own discretion*

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.