Today, the market recovery will continue, but prices will not be able to gain a foothold in the maximum zone.
BCH / USD
INOn New Year's Eve, the price of BCH managed to consolidate below the 23.6% fib level (206.95 USD). Trading took place on fairly low volumes and the pair gradually declined.
Yesterday at the end of the day the price reached the localthe minimum is around 192.00 USD. In the morning, the pair rebounded from the minimum zone to the average price area, and now the price has tested the 23.6% Fibonacci level.
Currently, buyers are trying to break throughresistance of this fibonacci level, and if successful, the daily maximum is possible in the area of 215.00 USD, and over the weekend the price will again roll back into consolidation to the 23.6% fib (206.95 USD).
LTC / USD
On the last day of the outgoing year, the price of Litecoin did notwas able to stay above the two-hour EMA55. At the beginning of the new year, trading was quite sluggish, and the pair rolled back below the 38.2% fib (40.26 USD). However, tonight buyers became a little more active and returned the LTC price above the moving average EMA55.
During the day, the recovery may continue to the area of 43.00 USD, but it will not be possible to gain a foothold in the maximum zone. We believe that over the weekend the price will roll back into consolidation to the 38.2% fibonacci level.
EOS / USD
Yesterday's trading began at the upper limit of the sideways range of $2.50 – $2.60, but by the end of the day sellers pushed the pair beyond the lower border of the corridor.
After a local minimum, the pair rapidlyhas recovered to its previous level and is trying to continue growing. However, we believe that by the end of this week we will see consolidation in the yellow sideways range.
XLM / USD
At the end of 2019, the couple could not stay higherlevel of two-hour EMA55 and slowly decreased. In the first days of 2020, Stellar recorded a local minimum at 0.043 USD and quickly returned to the average price level.
It’s hard for buyers to overcome resistanceEMA55 moving average, but we believe that today they will be able to test the POC line of the volume indicator along the profile. Over the weekend, the pair is consolidating in the middle price range.