Analysis of Bitcoin Cash, EOS and Litecoin as of 09/11/2018

Yesterday, not all altcoins were able to stay in the sideways range. But prices may soon fall to new annual lows.

BCH/USD

Bitcoin Cash is the only asset from the second three of CoinMrketCap’s capitalization that could not resist consolidation. The price of BCH gradually slipped into the zone of yesterday’s minimum and eventually updated the minimum exchange rate value, which in the entire short history of BCH’s existence has never dropped to the level of 457.00 USD. 

It seems that the pair has not yet reached the bottom and will continue to decline. After an overnight price recovery, today the BCH/USD pair will fall to the 450.00 USD zone. 

EOS/USD

The EOS/USD pair was able to stay in a narrowing sideways range near the five-dollar line yesterday. Despite the persistent flat, the price of EOS may soon return to the support of 4.60 USD and this time there is no guarantee that this level will withstand the test of strength. We believe that a breakout of the lower boundary (4.60 USD) of a wide sideways range will lead to a minimum in the area of 4.40 USD.

LTC/USD

Litecoin tested the lower boundary of its sideways range several times yesterday, but each time the level 53.44 USD supported the price and ultimately kept the pair within the sideways range. While the LTC price was consolidating above this support level, the stochastic indicator left the overbought zone, and in the neutral zone the %D and %K curves are trying to form some other unclear signal. 

We regard the possibility of a breakout of the lower boundary of the range as a more likely event. As a result, the price may set a minimum of $50 per light.     

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