LTC AND EOS – IMPULSIVE INCREASE CONTINUES
The price of Litecoin has increased by just over 38% from last Thursday when it was sitting at $58.3 at its lowest point as it came up to slightly above $80 today. Now as it started encountering resistance we might expect a pullback but the price increased with strong bullish momentum in the last 24 hours indicating that buyers are very much still in control. Now as the price is is above $78.442 an increase to the next horizontal level at $86.4 could be seen as another interaction with the significant resistance level.
From last Thursday, the price of EOS has increased by 13%, coming from $2.43 measured to the highest point of the week so far which was made on Tuesday, reaching $2.7569 at its highest point. Since then a decrease has been seen but the price made up for the loss and is currently being traded $2.6748. If the price continues increasing from here and makes a higher high compared to the Tuesday’s one it would be an early indication that we can see a breakout above the 0 Fib level.
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