EOS, Story, & Litecoin Surge As Markets Consolidate—Here's What's Next for These Altcoins

With the tariffs disrupting the traditional and the crypto markets, some altcoins are fighting the growing bearish activity

The macroeconomic uncertainty is weighing heavily on the crypto market. As the president announced new tariffs on several countries, the traditional markets also tumbled. In the crypto market, most of the altcoins are juggling around a crucial support zone. However, some altcoins like Story, EOS & Litecoin are keeping the rally.

Story (IP) Price Gearing Up for 15% Upswing

The price of Story (IP) is encountering resistance at the $0.48 FIB level, which is part of the 1:1 De'Fib Confluence. This resistance has stalled the recent 15% rally in the crypto.

The price of Story (IP) is encountering resistance at the $0.48 FIB level, which is part of the 1:1 De'Fib Confluence. This resistance has stalled the recent 15% rally in the crypto.

Image: TradingView

Story's price has already tested the 0.382 FIB level twice, indicating a strong support zone. Moreover, the De'Fib Confluence at 0.236 FIB provides an additional layer of support.

Story's price is now consolidating below the 200-period MA on the 4-hour chart, suggesting that the sellers are returning. A break above the 200-period MA could indicate a continuation of the bullish trend.

EOS (EOS) Price Heading for A Golden Cross

EOS price broke down from the 1:1 De'Fib Confluence on August 10, scanning a new low at $9.7. Since then, the price has recovered by more than 50%, showcasing some strength.

Image: TradingView

The De'Fib Confluence at 0.236 FIB provides a support zone for the EOS price. The price tested this zone twice before bouncing back.

EOS price is trading above the 200-period MA on the 4-hour chart, indicating that the buyers are returning. A break below the 200-period MA could signal a continuation of the bearish trend.

Bearish Clouds Hover Over Litecoin (LTC) Price

The price of Litecoin (LTC) broke down from the 1:1 De'Fib Confluence on August 9, opening the door for further weakness. However, the buyers quickly stepped in to stall the decline.

Image: TradingView

LTC price has tested the 0.382 FIB level three times, showcasing a strong resistance zone.

De'Fib Confluence at 0.236 FIB provides an additional support zone for the LTC price. The price tested this zone twice before bouncing back.

Despite the recent weakness, Litecoin price is still trading above the 200-period MA on the 4-hour chart, which could keep the rally in the coming sessions.

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