Cryptocurrency Brief: Bitcoin surges to 3-week high on renewed buying interest, altcoins follow suit, ETH/USD ditches the trend – Tuesday, August 28th, 2018

BTC/USD: Bitcoin prices surged to a 3-week high during European session Monday as investors engaged in buying attitude across the board. A report from Ethereum World News confirmed that Tom Lee has predicted that BTC could end this year with a new all-time high, predicting BTC/USD at $25,000 by end-2018. At the time of writing, BTC/USD jumped 1.50 percent to $7,010.00. Meanwhile, the near-term support is seen at $6,600.00 and resistance at $7,500.00.

ETH/USD: Contrary to Bitcoin’s trend, Ethereum prices remained on the downside. Again, a report from CCN, confirmed that the Reserve Bank of India (RBI) has established a new internal unit aimed at researching and regulating new emerging technologies, specifically cryptocurrency, blockchain and artificial intelligence (AI). At the time of writing, ETH/USD slipped 0.18 percent to $287.65, close to the day’s high of 289.20. Meanwhile, the near-term support is seen at $260.00 and resistance at $315.00.

XRP/USD: Ripple jumped close to 3 percent during afternoon session Tuesday in a general sense of optimism that sparked investors’ confidence in the virtual currency world. At the time of writing, XRP/USD jumped 2.76 percent to $0.34753. Meanwhile, the near-term support is seen at $0.3100 and resistance at $0.3700.

BCH/USD: Bitcoin Cash, followed the footprints of its peers, gaining, but struggling to retail the $550 mark, after a huge dropdown over the past few days. At the time of writing, BCH/USD traded 0.37 percent up at $551.80. Meanwhile, the near-term support is seen at $505.00 and resistance at $600.00.

EOS/USD: The EOS rallied Tuesday, spurred by a massive buying interest in the crypto market. Also, the fifth-largest cryptocurrency by market cap, EOS has announced a solution to tackle and RAM-steal attacker, reports from Ethereum World News confirmed, which further added to the basket of gains. At the time of writing, EOS/USD jumped 1.18 percent to $5.4510. Meanwhile, the near-term support is seen at $4.80 and resistance at $5.70.

LTC/USD: Litecoin remained above 1 percent during Tuesday’s afternoon session. At the time of writing, LTC/USD traded 0.82 percent higher at $61.13. Meanwhile, the near-term support is seen at $50.00 and resistance at $75.00.