EOS (EOS) is now above Litecoin in the present crypto market bullishness. The digital currency is fighting Litecoin (LTC) to retain the 4th position in the market.
As it is now, Litecoin is trying to move close to EOS or even lead. Today, EOS dethroned Litecoin after the latter maintained the position for some days.
Now, EOS is leading Litecoin with nothing less than $40 million as at press time. The digital asset is trading at $3.14 USD and has seen over 11% price increase in the last 24 hours.
EOS (EOS) Intraday Price Analysis: Safe Landing Preparation In place
The market seems favourable for most coins after it has bottomed to the lowest. Many are already yelling that their time to gain is around the corner as others feel the FOMO after they sold out most of their assets out at the bottom time.
For EOS (EOS) in the market, it has proved formidable amongst all coins with some much to show beyond leap service like many others. During the Bitcoin Cash hash war, it was outstripped from the 4th position, but here some the recompensing time for its hodlers.
Aside Ethereum, EOS is the only coin that has gained firm traction on the rising trend. According to Coinmarketcap, the market cap of the altcoin has risen to $2,892,679,832 after adding 13.4% to its value in the last 24 hours.
Looking at the 4 hours market chart, it is clear that EOS is ready for a momentous bullish race. It has struggled with Litecoin to regain the 4th position.
Even though the 100 SMA is above the long-term 200 SMA, it is clear that buyers are in control of the altcoin’s price and a possible break beyond the bear is near.
EOS has surpassed its usual $2.9 resistance level against the US dollar, and it has found a new traction around the $3.2 level. Come what may, EOS, with these preparations, would have safe landing if the market breaks out of bear.