ChainLink, Bitcoin Cash, Litecoin, Cardano, EOS and Stellar price analysis for 08/20/2020

The market decline has significantly slowed down the pace, but will buyers today be able to seize the initiative andstart recovery?

LINK / USD

Yesterday morning the Chainlink price stopped declining ataround the 15.00 USD mark, and buyers tried to restore the pair to the two-hour EMA55 area. They have not yet been able to overcome the resistance of the average price level. 

If today they fail to break through the moving average EMA55, then the price decline will continue to support 14.00 USD. 

BCH / USD

Yesterday, the price of bitcoin cash continued to decline throughout the day. Sellers pushed through the support of 38.2% fibo (289.52 USD) and at the end of the day set a minimum at 281.42 USD. 

Overnight, the BCH price rebounded above the 38.2% Fibonacci level, and this morning is trying to consolidate above it. 

If buyers try to restore the pair during the day, their efforts may be limited by the two-hour EMA55. 

If selling pressure increases, the decline will continue to the area around 270.00 USD. 

LTC / USD

Yesterday, sellers broke through the support of the 78.6% fibo (59.31 USD), setting the daily low at 58.90 USD. 

At night, trading volumes decreased and buyers tried in the thin market to restore the LTC price above the average price level. This morning they failed to gain a foothold above the two-hour EMA55. 

During the day, attempts to recover may be repeated, but if pressure from sellers increases, the pair will continue to decline to the POC line (57.36 USD). 

ADA / USD

Sellers yesterday rolled back the ADA price to support 0.127 USD. At night, on small volumes, buyers tried to recover, but this morning there was a repeated re-test of this support. 

If the level of 0.127 USD can keep the pair from falling further, then buyers will try to restore the Cardano price to the average price area (0.135 USD).   

EOS / USD

Yesterday buyers tried to return to the upward trendchannel, but until the evening they failed to break through the resistance of the blue trend line. At the end of the day, selling pressure intensified and the pair set the daily low at 3.22 USD. 

At night, buyers did not give up tryingrecover into an ascending channel, and today we should expect a new wave of recovery. If the price overcomes the blue trend line, the pair may consolidate in the area of two-hour EMA55. 

XLM / USD

The Stellar price yesterday rolled back below the POC line (0.101 USD) and broke the psychological level of 0.100 USD. After the low at 0.099 USD, buyers were able to slightly restore the pair, and the XLM price consolidated in a narrow sideways corridor. 

If today the volume of purchases can be increased, then the recovery may continue to the level of average prices.