Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC) Price Summary (7th June 2018)
Data & Research

Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC) Price Summary (7th 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 1140.01 USD on the hourly chart of the BCH/USD pair.
  • The price of BCH/USD pair would grow further.

The BCH price against the US dollar has grown in the last 24 hours. As of now, the pair is being traded at 1138.8 USD and might grow further. The growth may be accredited to the news of “Bitcoin Jesus” saying that “Bitcoin Cash will hit ‘tens of thousands of convenience stores’ in Japan”.

BCH Price Chart 07/06/18
Source: TradingView

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

Major Support Level – 1107.21 USD

Major Resistance Level – 1166.25 USD

EOS (EOS)

  • The EOS/USD pair has grown today.
  • There is a short-term bullish trend line forming with resistance at 13.87 USD on the hourly chart of the EOS/USD pair.
  • We predict that the pair would decline soon.

The EOS price against the US dollar has grown today. As of now, the pair is trading at 13.9890 USD and might decline soon. The reason for the decline would be the fact that the people are getting weary of the delay in the launch of the EOS Mainnet which was supposed to be launched on 1st June and has still not been launched.

EOS Price Chart 07/06/18
Source: TradingView

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

Major Support Level – 13.50 USD

Major Resistance Level – 14.13 USD

[Also Read: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Summary (7th June 2018)]

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 119.36 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. As of now, the cryptocurrency is being traded at 121.51 USD and might grow further. The reason behind the potential growth of the cryptocurrency is the increasing popularity of the #PayWithLitecoin initiative.

LTC Price Chart 07/06/18
Source: TradingView

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

Major Support Level – 118.56 USD

Major Resistance Level – 123.18 USD

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

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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.