Analysis of Bitcoin Cash, EOS, Litecoin as of June 25, 2018

After the market's fall over the weekend pushed the majority of cryptocurrency pairs to new yearly lows, price recovery may continue today. What levels can act as support after the end of recovery?

BCH/USD

As a result of Sunday's market fall, the BCH/USD pair has not yet updated its April low, which was set on April 6 at 599.49 USD. The fall stopped at 666.67 USD. 

We believe that the price of Bitcoin Cash will reach the zero Fibonacci level after a re-test of the resistance of the average price curve EMA55, which will be in the area of 800.00 USD.

EOS/USD

On Sunday, EOS set a low at 6.893 USD, after which the pair recovered to the support of 7.90 USD. The price is still consolidating in this area, although the stochastic indicator, being in the oversold zone, draws a sell signal. 

We believe that before the next decline in Asian trading, the pair can still test the level of 9.00 USD. This may happen in the wake of a surge of optimism from the publication of the Cryptocurrency Rating of the Chinese Center for Information Industry Development (CCID), where EOS ranks first. The resumption of the downward trend may meet temporary price support at the level of 6.30 USD.

LTC/USD

The fall of Litecoin has stopped at the point of the updated annual minimum of 73.29 USD. Now the pair is still recovering, but the predicted level of 90.00 USD has not yet been reached. On the four-hour time frame, the stochastic foreshadows a fall, and on the eight-hour chart it can be seen that the price can still test the moving average area EMA55, which is located right at $90 per light. 

If the recovery of the LTC/USD pair does not continue, the price will once again update the yearly minimum around 68.90 USD. 

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