Bitcoin Cash, Cardano, Litecoin, EOS and Stellar price analysis on 16.07.2020

Today a decline to the nearest support levels is expected.

BCH / USD

Yesterday morning buyers triedto break through the lower border of the blue corridor, but it was not possible to return the price within this wide side range. 

Until the end of the day, the pair rolled back to the area of ​​225.00 USD, and today the decline may continue to support 220.00 USD. 

ADA / USD

Cardano price dropped below 0 yesterday.130 USD and tested support at 0.127 USD. However, the pair was able to hold above the two-hour EMA55 and until this morning tried to consolidate in a narrow sideways range. 

This dynamics allowed the asset to rise higherone more line in the CoinMarketCap table. Now Cardano ranks sixth in the ranking of the most capitalized crypto assets with $3.3 billion, pushing Bitcoin SV to seventh place. 

If today the bears push through the support of the average price level, the pair will sink to the area of ​​0.120 USD. 

LTC / USD

Yesterday morning, sellers pushed the Litecoin price toblue ascending trend line. During the day, the price balanced for a long time at the Point Of Control level (43.43 USD), but until the end of the day the decline continued just below 43.00 USD. 

The pair recovered slightly in the Asian session,but buyers were unable to return the price above the POC line (43.43 USD). Weak recovery dynamics may lead today to a decline in the pair to the nearest support level. We believe that such support could be the 38.2% fibo level (40.26 USD). Negative price dynamics pushed Litecoin to ninth place in the CoinMarketCap ranking. 

The Chainlink crypto asset has been demonstratingquite dynamic growth indicators, which allowed it to take eighth place in the table, ahead of Litecoin in terms of capitalization by more than $100 million. 

On July 6, the price of Link broke through the yearly maximum of 5.00 USD and by mid-July came close to the 9.00 USD mark, demonstrating an increase of more than 77%. Today we expect a rollback of the LINK/USD pair to the support area of ​​8.00 USD. 

EOS / USD

Yesterday, the EOS price rolled back below the POC line (2.55 USD) and until this morning it was not able to recover to its previous level. 

During the day, the pair is expected to decline to the support area of ​​2.40 USD. 

XLM / USD

The price of Stellar yesterday tried to stay withinconsolidation at the level of two-hour EMA55. In the evening, buyers tried to restore the price to the psychological level of 0.100 USD, but until this morning they failed to test this resistance. 

During the day, the pair is expected to roll back to the average prices. If the moving average EMA55 does not keep the pair from falling, then the price will drop to the support of 0.081 USD.