Analysis of the prices of Bitcoin Cash, Cardano, Litecoin, EOS and Stellar for 07/23/2020

Altcoin prices were able to continue recovering to their recent July highs yesterday.

BCH / USD

Yesterday inaround mark 228.00 USD, the price of bitcoin cash stopped the rollback and recovered into the blue corridor. Late at night, strong bullish momentum broke through the POC line (236.91 USD) and set a weekly high at 241.30 USD. 

The price has retraced slightly this morning. We believe that today the POC line (236.91 USD) will be able to keep the pair from further decline. During the day, growth will resume to a new July high in the area of ​​250.00 USD.

ADA / USD

Yesterday, around the 0.120 USD mark, buyers tried to seize the initiative and were able to test the resistance of 0.127 USD. This level currently restrains further growth in the price of ADA. 

In the morning the pair rolled back a little, but we expectto support the POC line (0.123 USD). If the decline stops, buyers will be able to break through the resistance of 0.127 USD and recover to the area of ​​0.135 USD. 

LTC / USD

Yesterday, buyers could not cope for a long timeresistance at 44.00 USD. Only after a pullback to the POC line (43.43 USD) were the bulls able to continue growing and broke through this key resistance level late at night. 

At the Asian session, the couple pierced the bluethe ascending uptrend line, but the price did not have time to test the 50% fib level (45.83 USD). This morning a pullback began, which may stop around 44.55 USD. 

We believe buyers will continue to recover to the July maximum zone, and will soon update it to the level of 47.00 USD. 

EOS / USD

Yesterday, during the day, the price of EOS continuedtime consolidated at 2.60 USD, but during the Asian session, buyers were able to resume growth and set a weekly high around 2.69 USD. 

Due to the morning rollback, get close toThe resistance at 2.72 USD has not yet been reached, but we believe that at the level of 2.63 USD the pullback will stop and the pair will test the resistance at 2.72 USD. By the end of the week, the price may update the July maximum in the area of ​​2.80 USD. 

XLM / USD

Yesterday, selling pressure eased, and the price of Stellarwas able to recover to the two-hour EMA55 area. At night, buyers tried to continue growing towards the psychological level of 0.100 USD, but until this morning the pair was not able to test this level. 

If the sentiment of buyers is positive today, they will be able to break through the resistance of 0.100 USD, and before the end of this week renew the annual maximum in the area of ​​resistance at 0.110 USD.