Hey guys, yesterday was a great day for most cryptos, Bitcoin rose about 4% and many of the big ones rose between 7-10%. However, today we are taking a breather, so lets dive right into it. Here is Bitcoin:
Comment: Yesterday we finally managed to break that trendline we have been fighting against since the beginning of May. This is important and it will likely mean that we will continue to the upside in the near term, lets say for the next 1-2 weeks. However, not every day will be an up day, today for instance, Bitcoin is right now down about 2% and we could head down to the 6400 area in order to get support.
In terms of upside potential, we need to take out 6850 next which is the next major peak and then we will get resistance at 7100. But, overall, dont worry too much about this down day.
Now, lets have a look at Monero:
Comment: Monero had an awesome day yesterday, it rose 8% but today, Monero is going down together with Bitcoin. We are right now at 137 but we could go down to about 130 in order to get support. If we look at the upward potential, 150 is the next major resistance level and 180 is the last peak we will have to surpass. In terms of the volume, I do think that Monero has one of the best volume numbers compared to the other alts. We havent seen volume days like these for about 2 months.
Now, lets look at EOS:
Comment: EOS was one of the best performers yesterday, it went up 11% and we have now closed above the descending trendline we have been fighting since the beginning of May. But, today we are taking a breather, EOS is down about 2% and we could potentially go down to 8 USD in order to gather additional strength.
Regarding the potential upside, Im looking at 10 USD where we have resistance and then above 12 where we have our last peak. We will need a daily close above that level in order to charge even higher.
Finally, lets also have a look at Litecoin:
Comment: Litecoin went up 8% yesterday but Litecoin is the crypto that has been lagging the most of these cryptos for the last 2 months and today was the first day we were above the trendline. Earlier today we were up and touched 90 but we have since then gone done to the current price at 85.
We might head down to 80 where we can find the nearest support so dont be surprised if we were to continue to go down a bit from here on.
Otherwise, if we look at the upside, we have 95 as the next resistance and then 100 as the next target, a perfect round number.
Happy investing!
litecoin price target Daily Crypto Price Analysis: Bitcoin Is Having A Down Day Today, Also, XMR, EOS & LTC | |
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| Science & Technology | Upload TimePublished on 3 Jul 2018 |
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