Analysis of the prices of Bitcoin Cash, Cardano, Litecoin, EOS and Stellar for 07/22/2020

Yesterday, despite the general recovery of the altcoin market, Cardano and Stellar were unable to gain a foothold above the levelaverage prices. Will buyers be able to continue the recovery today?

BCH / USD

Yesterday the BCH price continued to recover andtested the lower border of the blue corridor. Buyers failed to gain a foothold within a wide sideways range. At night, the price fell outside the blue corridor and is now falling towards the support of the two-hour EMA55. 

If the EMA55 moving average keeps the pair from further retracement, then buyers will be able to return the pair to the blue range and continue to recover to the POC line (236.91 USD). 

ADA / USD

Yesterday morning, the Cardano price was able to recover to the two-hour EMA55 area and consolidate above the average price level in sideways consolidation. 

Sellers pushed through support tonightmoving average EMA55 and may continue to reduce the price of ADA to the area of ​​0.115 USD. With an increase in sales volumes, the pair will reach support at 0.110 USD. 

If at the level of 0.120 USD buyers try to seize the initiative, then a breakout of the resistance of 0.127 USD is possible. 

LTC / USD

Yesterday morning, buyers were active and continued to increase the price of Litecoin to the resistance of 44.00 USD. 

It is not yet possible to overcome this strong resistance level, but today attempts to break through to the 50% fib level (45.83 USD) will be repeated. 

In case of failure, we will face a rollback to the area of ​​average prices. 

EOS / USD

Yesterday morning, buyers were able to consolidate above the resistance of 2.60 USD and continue consolidating in a narrow range above this level. 

Today, a retest of the 2.72 USD resistance is possible, which will limit the recovery of the EOS price. 

Increased sales – will lead to a rollback of the pair below the POC line (2.58 USD). 

XLM / USD

The price of Stellar yesterday did not support the general trend forrecovery above average prices. The pair is stuck in the two-hour EMA55 zone and has consolidated in a sideways range as of this morning, using weak support around the 0.095 USD mark. 

If the selling pressure increases during the day, the XLM price will continue to decline to a more powerful support at 0.091 USD.