Crypto Currency Brief: Bitcoin rises for third straight day, HK-based Okex delists Altcoin pairs, EOS/USD breaches previous support – Friday, August 17th, 2018

BTC/USD: Bitcoin prices remained on the upside for the third consecutive day, trying to overcome the losses made last week, but failed to catch the $6,500 mark. Further, the past 24 hours witnessed a 50 percent jump in gains in tokens such as VeChain, Ontology and PundiX. However, it remains to be seen whether this short-term bullish trend is sustained over a considerable period of time. At the time of writing, BTC/USD rose 1.83 percent to $6,431.00. Meanwhile, the near-term support is seen at $6,200.00 and resistance at $6,720.00.

ETH/USD: Following Bitcoin’s trend, Ethereum prices also rallied, albeit below the $300 mark, although the gains remain capped by some form of bearish sentiment in the digital currency market. At the time of writing, ETH/USD climbed nearly 4 percent to $298.19, hitting day’s low of 285.22. Meanwhile, the near-term support is seen at $275.00 and resistance at $305.00.

XRP/USD: Ripple also followed its wider peers, after a period of deep bearishness. Further, latest reports have confirmed that Hong Kong-based cryptocurrency exchange, Okex announced the delisting of various altcoin pairs from its trading platform. A report from FxStreet, citing a blog post, said "To maintain a healthy trading environment and pleasant trading experience on OKEX, our auditing team has carried out comprehensive monitoring on the market and projects. We discovered that some projects have met the token delisting/hiding thresholds stated in the OKEX Token Delisting / Hiding Guideline". At the time of writing, XRP/USD jumped 7.25 percent to $0.31296. Meanwhile, the near-term support is seen at $0.2880 and resistance at $0.3290.

BCH/USD: Bitcoin Cash, remained no different, rising, in line with its counterparts, after Vitalik Buterin, the founder of Ethereum, said that he views Bitcoin Cash as the first adoptable cryptocurrency, CryptoDaily reported on Thursday. At the time of writing, BCH/USD traded 4.43 percent up at $538.70. Meanwhile, the near-term support is seen at $500.00 and resistance at $572.00.

EOS/USD: The EOS, also displayed green patterns, trading near to the day’s high of 5.00, breaching the previous support. At the time of writing, EOS/USD traded 6.48 percent higher at $4.8021. Meanwhile, the near-term support is seen at $4.4000 and resistance at $4.9200.

LTC/USD: The Litecoin also rose, similar to its peers, holding above the $55 mark, in a very steady and gradual rise during Friday’s afternoon session. At the time of writing, LTC/USD traded 3.57 percent higher at $57.22. Meanwhile, the near-term support is seen at $49.00 and resistance at $60.00.