Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 22

On August 21, at 01:00 AM UTC time, Bitcoin prices surged, breaking out of the overhead resistance at $6,617.

BTC/USD On August 21, the bears attempted to sink Bitcoin but the bulls bought the dip to $6,000, which is a positive sign.

XRP/USD The pullback on Ripple is facing resistance at the 20-day EMA and the bulls are struggling to sustain above the moving average.

BCH/USD Bitcoin Cash has been trading between $500 and the 20-day EMA since August 15.

EOS/USD EOS broke out of the downtrend line but could not cross the 20-day EMA. The bears have again pushed the prices back below the downtrend line.

We shall wait for the price to sustain above the 50-day SMA before proposing any trades.

XLM/USD Though the bulls have managed to defend the long-term support line of $0.184, they have not been able to push Stellar above $0.25 since August 5.

If the bulls break out of the 20-day EMA and the $0.111843 line, a rally to the downtrend line is probable where it might face a stiff resistance.

If the bulls force a break out of the overhead resistance, a rally to the 50-day SMA, which is close to the long-term trendline resistance, is likely.

If the virtual currency breaks down of $0.4628, it can slide to the August 14 lows of $0.4037.