Analysis of Bitcoin Cash, EOS, Litecoin and IOTA as of 06/01/2018

IOTA has been showing dynamic growth recently and may soon reach $2.00

BCH/USD

Bitcoin Cash was able to stay sideways yesterday, above the 38.2% fib support level (975.92 USD). Stochastic left the overbought zone and formed a signal of possible growth at around 50%. How intense it will be is still difficult to judge, perhaps the pair will be able to return to the level of last Friday and test the 50% fib (1084.00 USD)

EOS/USD

EOS spent the entire day yesterday in yellow consolidation zone, on the moving average line EMA55. Today, EOS, in anticipation of moving to its own network, will continue to move sideways within the yellow consolidation corridor. If tomorrow the transition goes smoothly, then the price of EOS will be able to continue to grow.

LTC/USD

Until the market has decided on the further trend, Litecoin will also lie in a flat, in the range of the yellow corridor, consolidating along line 118.00 USD. Stochastic in the neutral zone indicates the upcoming growth of the pair, but we believe it will be limited by the boundaries of the yellow range. If the price can break through its upper border, then the 23.6% fib resistance level will return it within the corridor.

IOTA/USD

Contrary to our modest forecasts of a maximum at 1.71 USD, the pair set it at 1.82 USD and, after a shallow rollback, continued to grow. Today the price has already broken through the next resistance level of 61.8% fibo (1.85 USD), and is approaching the psychological mark of 2.00 USD. Just yesterday we believed that this would happen soon, but we did not hope that it could happen today. It's likely that the two dollar mark will be passed this weekend.

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