Analysis of Bitcoin Cash, EOS and Litecoin as of 08/30/2018

Yesterday's price consolidation continues today with a gradual slide of prices towards the middle line of the side corridor. There is little hope for a re-test of the upper resistance levels

BCH/USD

Yesterday Bitcoin Cash refused to break through the resistance of 577.00 USD and consolidated in the area of ​​553 dollars per coin. Today the price rolled back even lower and tested the support of 540.00 USD. We believe that after a short-term consolidation, the price in the area of ​​​​average prices will receive support from the moving average and will again try to break through the resistance of 577.00 USD. 

EOS/USD

The re-test of the 6.30 USD level did not give the pair a chance to consolidate above this resistance level. Let us recall that the price of EOS on positive fundamental events showed steady growth and was able to break out of a wide three-week range. But yesterday the pair rolled back below the six dollar threshold. There is support in the area of ​​5.920 USD, from which new attempts to test the strength of the level of 6.30 USD are possible.  

LTC/USD

Litecoin is showing decreasing highs and lows within its sideways range. However, the price decline is happening so smoothly that the pair did not have time to roll back to the support of 58.97 USD yesterday. Today, there is a moving average at this level, which can support the price of LTC and give the pair another chance to consolidate above the resistance of 62.00 USD. 

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