Price analysis of Bitcoin Cash, Cardano, Litecoin, EOS and Stellar on 07/10/2020

Yesterday, the bears interrupted the series of updates to July highs and returned the pairs to the area of ​​average prices. Will intensifyis seller pressure today?

BCH / USD

Bitcoin cash price failed to continue yesterdayupward movement to the upper border of the blue corridor. The sales, which intensified in the afternoon, pulled the pair below the two-hour EMA55 level. 

Despite the overnight recovery in BCH price,Now the market still feels some pressure from the bears. We believe that today the price decline will continue to the lower border of the wide side corridor (230.00 USD). 

ADA / USD

Yesterday, the level of 0.120 USD could not cope with the pressure of sellers and the pair continued to decline from the yearly maximum to the area of ​​0.117 USD. 

Despite the significant pullback, Cardano still remains in seventh place in the CoinMarketCap top, ahead of Litecoin in terms of capitalization. 

We believe that today the decline may continue below the two-hour EMA55 and stop in the area of ​​0.115 USD. 

LTC / USD

Yesterday in the first half of the day the LTC price triedcontinue to grow, but on small volumes buyers were unable to break through the resistance at the 50% fib level (45.83 USD). In the afternoon, bearish momentum pushed Litecoin price back to the support of the two-hour moving average EMA55. 

This morning the sellers have already piercedthe level of average prices and marked a local minimum at the point of 43.00 USD, however, in the minimum zone, the asset was quickly bought back and the pair returned to the average price level. 

Before the end of the day, there is a high probability of price consolidation in a sideways range on the POC line (43.32 USD). 

EOS / USD

Yesterday, the bulls were unable to organize continued growth to a new July high. In the afternoon, as sales volumes surged, the EOS price pulled back to support at 2.60 USD. 

This morning from a further decline in a coupleholds two-hour EMA55. Since sales have currently decreased and trading volumes have fallen below the average level, the price may fluctuate sideways until the end of the day. 

If the bears manage to push through the average price level, the decline may stop near the POC line (2.54 USD). 

XLM / USD

Yesterday morning, after the pullback, buyers triedtest the psychological level of 0.100 USD, but the growth was not supported by large volumes and the bears easily pushed the Stellar price out of the annual high zone. 

At night, the decline continued and in the morning reached the level of 0.085 USD. Today, the rollback may continue to the level of average prices, and at the end of the day the pair is consolidating in the support area of ​​0.081 USD.