Back

ADA, EOS and LTC Price Analysis for October 19

Have EOS, Litecoin (LTC) and Cardano (ADA) bounced off their support levels?

article image
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of CryptoComes. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The new week has begun with neither a bullish nor a bearish mood on the cryptocurrency market. Cardano (ADA) is the biggest gainer today among the Top 10 coins, as its rate has risen by 1.87% since yesterday.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The main data for Cardano (ADA), EOS and Litecoin (LTC) today:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Cardano

ADA

$3,357,723,630 $0.107922 $421,108,898 1.87%

EOS

EOS

$2,392,413,875 $2.55 $1,526,587,706 0.51%

Litecoin

LTC

$3,113,533,629 $47.39 $2,138,225,706 -0.31%

ADA/USD

Cardano (ADA) is the main gainer from our list today, as the rate of the altcoin has increased by 1.87% since yesterday. The price change over the last week has accounted for +2.26%.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

On the daily chart, Cardano (ADA) has been locating in the ascending channel since Sept. 25. At the moment, there are no signals for a potential correction as buyers have the power to keep growing.

Ads
Ads

👉 MUST READ BTC, ETH, and XRP Price Analysis for October 18related article image

Moreover, a bullish divergence has been formed on the RSI indicator that supports the current price rise. If nothing changes, there is a chance to see Cardano (ADA) trading around the resistance at $0.1234 soon.

Cardano is trading at $0.1234 at press time.

EOS/USD

Even though EOS has added 0.51% to its value, it has lost 3.56% over the last seven days.

EOS/USD chart by TradingView
EOS/USD chart by TradingView

EOS has accumulated enough power for a price blast as the altcoin has been located in the wide range for one month. Thus, the selling trading volume is decreasing while most of the liquidity is focused in the area of $3. In this case, traders might expect the price of EOS at the resistance of $3 by the end of the current month.

EOS is trading at $2.56 at press time.

LTC/USD

Litecoin (LTC) is the only loser today. The price of the "digital silver" has fallen by 0.31% over the previous 24 hours.

LTC/USD chart by TradingView
LTC/USD chart by TradingView

Despite today's drop, the short-term perspective is bullish for Litecoin (LTC) as the coin has not entered the "short" zone below $45. Furthermore, the liquidity is high, in the area of $60 that supports growth. However, buyers first need to fix above $51.55 to come back to the long-term bullish trend.

Litecoin is trading at $47.96 at press time.

 

Join our Telegram channel to get news even faster!

article writer image
Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@cryptocomes.com