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EOS Litecoin (LTC) Price Analysis – Playing a New Tune

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EOS
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Experienced technical analysts know all too well to filter out their emotions when looking at a chart. This is doubly true when looking at charts that you have seen many times before and where you may have strong opinions.

It’s critical to keep an open mind and to examine the chart for signals the way a detective may examine a crime scene.

At this point, recent evidence suggests a brewing excitement has been returning to the cryptocurrency complex, and the charts we’re going to look at today – EOS and Litecoin (LTC) – represent different versions of that new theme.

EOS (EOS)

Price Analysis:

  • High: $8.63
  • Low: $8.49
  • Major Resistance Level: $10.00
  • Hourly MACD: Recent Upside Momentum

    Chart courtesy of tradingview.com

Along with many other coins, EOS has begun to challenge key resistance levels that have been defining the bearish context for this coin for the last three months.

Among the most immediate such barriers standing in its way right now is the declining 50-day simple moving average, which crosses the chart just above the $9 level at present.

This is an important marker because it also corresponds with resistance at the range defining the highs over the past month.

EOS is coming off of key support around the $7 level earlier this month. This represents a double bottom in concert with support seen in late June.

The overall context suggests itself as confirmation of key support in place with a test of key resistance now underway. As such, if this is a new and important bullish move, we should see evidence of it very soon. And if we do, it will be time for HODL EOS.

Litecoin (LTC)

Price Analysis:

  • High: $83.06
  • Low: $80.94
  • Major Resistance Level: $92.00
  • Hourly MACD: Recent Upside Momentum

Chart courtesy of tradingview.com

Litecoin (LTC) has been lagging the action in the broader cryptocurrency complex for most of this year. However, recent action suggests that it may be about to play a bit of catch-up.

Most importantly, Litecoin (LTC) is beginning to challenge key resistance at the trailing month range highs as well as some major moving averages.

The most important move we could see from here would be a break above the 50-day simple moving average and the mid-July highs to test the key psychological round number of $100.

That would represent an acceleration of recent upside activity as well as a breach of the downward trend, potentially marking out a new tone for Litecoin (LTC) as we head into August.

Happy Trading~

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of tradingview.com

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

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