Price analysis of Bitcoin Cash, Cardano, Litecoin, EOS and Stellar on 07/14/2020

Last night, sellers' activity triggered a rollback in altcoin prices. Will bear bear rush today??

BCH / USD

Yesterday morning trading volumes were low,and the price of bitcoin cash tried to stay around the two-hour EMA55. In the afternoon, the initiative belonged entirely to the sellers. By the end of the day, they were able to break through the support of 230.00 USD and mark the daily low in the area of ​​244.00 USD. 

At night, buyers restored the price of BCH within the blue corridor, but until the morning the pair was unable to stay in this wide side corridor and fell out of it. 

If the bears increase pressure, the price will continue to decline to the support of 220.00 USD. In this area, short-term consolidation of the pair in a narrow side corridor is possible.

ADA / USD

The price of Cardano was unable to continue the morning yesterdaygrowth to the annual maximum zone. The recovery stopped at 0.136 USD, and before the end of the day, sellers returned the pair to the support of the two-hour EMA55. 

Overnight, shoppers' efforts to renewthe pair's recovery was limited to resistance at 0.127 USD. This level does not yet allow the price of ADA to continue growing. However, if the volume of purchases manages to increase, then the re-test of the resistance of 0.140 USD remains relevant as before. 

Strengthening the bears' positions may lead to a rollback to the area of ​​last Friday's low, to the area of ​​0.110 USD. 

LTC / USD

Yesterday in the morning the price of Litecoinbroke the level of 45.00 USD and tried to continue growing. However, the purchase volumes were below the average level, so the pair was not able to test the 50% fibo (45.83 USD). After the daily high at 45.53 USD, sellers began to roll back the price to the average price area. 

In the evening the bear pressure increased so much thatthat the pair broke through the support of the POC line and at the end of the day set a minimum at 42.50 USD. During the Asian session, the price rebounded to the level of 44.00 USD, but failed to rise higher. 

Today the pair may return to the weekly low zone and update it to the level of 42.00 USD. Weak support in this zone may halt the decline. 

EOS / USD

Yesterday afternoon trading on EOS took place at lowvolumes. The pair tried to hold on in the area of ​​average prices, but at the end of the day a strong bearish impulse pierced the support of the POC line and marked a low around 2.45 USD. 

At night, the EOS price rebounded to the Point Of Control indicator line, but it has not yet been possible to gain a foothold at this level – the price is sliding into the zone of yesterday's low. 

If at level 2.50 USD buyers will be able to seize the initiative and form an impulse, then the pair will recover to the area of ​​average prices. Otherwise – the pullback will continue to support 2.40 USD. 

XLM / USD

Yesterday morning, buyers were unable to continue their growthand test the resistance of 0.100 USD. At the point of the daily high (0.099 USD), sellers began selling, which returned the pair to the average price area by the end of the day. 

This morning there is no pressure from the bearsstopped and the pair has already managed to update the weekly low around 0.085 USD. If the pressure from sellers does not subside, then a re-test of the support at 0.081 USD is possible. 

On the other hand, during the day, you can expect a decrease in sales and a recovery in the area of average prices.