Analysis of Bitcoin Cash, EOS and Litecoin as of 05/05/2018

A quick review of yesterday's BCH, EOS and LTC performance and today's daily targets

BCH/USD

The positive mood in the market kept the price of Bitcoin Cash near the 100% fib level (1543.26 USD). Today the price has overcome the resistance of this Fibonacci level and is constantly updating its highs on small volumes. We believe that Saturday's highest high will be at 1650.00 USD. After this, the price will roll back to the support of 100% fib (1543.26 USD)

EOS/USD

Yesterday’s decline in EOS ended with a re-test of the support level of 61.8% fib (16.291 USD). When recovering to the average price level of 17.000 USD, the price was marking time for a long time, but today it finally overcame the resistance of the moving average EMA55 and continued to recover to the resistance level of 78.6% fibo (19.222 USD). While the EOS price is in a sideways range between two Fibonacci levels, we would not recommend entering open positions on this instrument.

LTC/USD

Yesterday, during the day, the price tested the 100% Fibonacci level (165.97 USD), but could not overcome it. And today it broke through the resistance of this level and has already managed to set a maximum at 173.31 USD. Perhaps the daily maximum will still be updated, but as a result, the price of Litecoin today will return to 100% fib level (165.97 USD). This is a good opportunity to buy additional LTC with the goal of growing in the medium term to 180.00 USD.

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* All price values ​​are based on data from the BitStamp exchange