Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 31

If prices break out of $7,127, the BTC/USD pair can pick up momentum and scale above the 50 percent Fibonacci retracement level of $7,198.

The trend will change if the XRP/USD pair sustains above the downtrend line 1.If the bears sink the virtual currency below $0.31, a retest of the August 14 lows is possible.

The rising 20-day EMA and the flattening 50-day SMA increase the possibility of a bullish crossover if the price sustains above $6.5.

We retain our buy recommendation made on August 27.LTC/USDAfter failing to break out of the range on August 28 and 29, Litecoin is currently trying to hold the support at the 20-day EMA. Both moving averages are flattening out.

The first sign of strength will be when the bulls break out and sustain above the overhead resistance at $62.319.

The short-term traders can stay on the long side once the virtual currency scales above $64. Such a move might face resistance at the 50-day SMA, the downtrend line and at $74.We shall turn bullish on the LTC/USD pair after it breaks out and sustains above $74 for three days.

ADA/USDCardano failed to break out of the overhead resistance on August 29 and has extended its stay inside the range of $0.083192-$0.111843.

A break out of the 20-day EMA will carry the ADA/USD pair to the 50-day SMA. We shall turn positive if the bulls succeed in sustaining above $0.13.Our neutral stance will be invalidated if the bears break down of $0.083192.

It is currently trying to break out of the horizontal resistance at $109.22.The zone between the current price and the downtrend line is likely to act as a stiff resistance.

The XMR/USD pair has not broken out of the downtrend line convincingly since topping out in December of last year.