Tron and Binance Coin are two of the major cryptocurrencies that leaped ahead while Bitcoin continued to languish in a tight range.
The sharp uptick in the price has pushed the LTC/USD pair above the first resistance of the downtrend line.
A break out of this is likely to carry the pair to the 50-week SMA at $82.If the bulls sustain above $47.246, it will indicate that the markets have rejected the lower levels and the downtrend is over.
How do we expect the Binance Coin to react to these developments? Let's analyze the charts.
The stop loss for the trade can be kept at $5.EOS/USDThe investors are favoring select cryptocurrencies and EOS is one of them.
A new scaling solution called "LiquidApps" is expected to be a game changer for EOS.The EOS/USD pair has been trading in a tight range for the past six weeks.
The traders can wait for the price to sustain above $3.8723 and initiate long positions with the stop loss placed below $2.1733.However, if the price turns down from one of the overhead resistances, it will remain range bound.
The pair will weaken below $2.1733 and will resume its downtrend below $1.55.DASH/USDDash has also seen some of the largest gains after the sudden spurt in crypto prices.
After making a yearly low of $56.214, the DASH/USD pair has been attempting to hold above $64 for the past four weeks.
The XMR/USD pair has been trading in a tight range near the yearly lows.
Top 5 Crypto Performers Overview: Litecoin, Binance Coin, EOS, Dash, Monero
Published on Feb 10, 2019
by Cointele | Published on Coinage
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