LTC AND EOS – FURTHER SIDEWAYS MOVEMENT EXPECTED
LTC/USDThe price of Litecoin has been moving sideways since a breakout to the downside was made from the ascending channel last week’s Thursday when it reached $48.5 at its highest peak. A decrease of 8.63% was made measured to the close of the hourly candle but the price moved even further to the downside coming to $43.2 at its lowest. Since last Friday’s low a recovery has been seen with the price coming close to it’s Thursday’s high but a quick spike to the upside ended with an equally strong impulsive move that led the price below its previous upside starting point and retested the $45.3 horizontal level.
EOS/USDThe price of EOS has spiked to $2.977 level on Tuesday from the $2.49 area where it found support, but since then made a decrease of 16.35% measured from its highest to its lowest spike which was made today around the levels of the Tuesday’s increase. From there the price has started recovering and is currently in an upward trajectory sitting at $2.5782.
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https://www.fxopen.blog/ltc-and-eos-further-sideways-movement-expected/