Michael Fasogbon, Publisher at CoinCodex
Michael Fasogbon Latest Articles
For the past five months, the Litecoin market has been bolstered in an upward direction, retesting the late 2018 monthly resistances between $40 and $100 on a climb. While trading at around $91, the token is faced with a tight price range of $100 - $105, the June 2018 supply zone.
Having maintained a positive move for over five months, the BNB market saw a decline last week after crossing the fast 21-day simple moving average and attempting to penetrate the important 50-day simple moving average before the price being rejected. As of now, the price of BNB is back above the 50 SMA and trading around the $23 level.
EOS is bullish and it is clearly obvious that the important 50-day simple moving average has been a supporting line against a sudden price drop. The bulls have been in play since last December after retracing on the white-dotted rising line in February.
After experiencing a bear market in 2018, LTC was gradually rising up; the recovery started on December 15, 2018. The bullish signal was significant as price action crossed the major 50-day MA, which has since traveled below the market.
