Analysis of Bitcoin Cash, EOS and Litecoin as of 07/20/2018

Today’s decline to support levels may complete the protracted correction and altcoin prices will resume growth

BCH/USD

Yesterday, the price of Bitcoin Cash consolidated above the support level of 811.00 USD, testing its strength almost every four hours. This morning this level was broken and the price fell significantly below the starting level of 800.00 USD, from which intensive growth began on Tuesday. We believe that the moving average will slightly slow down the further decline of the pair. A reversal may occur from the nearest support level of 750.00 USD.  

EOS/USD

After the EOS price reversed yesterday at a low of 8.36 USD, the pair was able to recover to the level of 8.666 USD. But the EOS/USD pair failed to stay in this area for long. The activation of sellers brought the price down to the daily minimum of 8.15 USD, and today it dropped even lower and tested the support level of 7.90 USD, from which the pair started on Tuesday. We believe that at this level the correction will end and the price should reverse into an upward trend. 

LTC/USD

Below the 50% fib level (86.86 USD), the price of the LTC/USD pair spent the entire day yesterday in consolidation, expanding the boundaries of the range to the daily high of 88.08 USD. However, the closing price of the day was still below the support level. This morning the decline began towards the support level of 38.2% fibo (83.47 USD). We believe that after a retest of the EMA55 moving average, the decline will stop and the pair will begin to grow towards the highs set on Tuesday. 

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