Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/06/2020

What levels will become reversals for local bullish growth?

BCH / USD

Last Friday the bulls managedbreak through the resistance level of 23.6% fibo (206.95 USD) and set the maximum around 225.00 USD. Over the weekend, the pair consolidated in a sideways range, and this morning it broke through the resistance of 230.00 USD and stopped growth in the area of ​​235.00 USD.  

At the moment, trading volumes have declined and the pricemay return to the level of 230.00 USD. If he provides support, then we expect a re-test of resistance of 246.00 USD. We believe that in the near future a breakthrough of this level is unlikely.

LTC / USD

Trading volumes last Friday were quitelarge and bulls were able to break through the four-hour EMA55. When trading volumes decreased over the weekend, the pair continued to grow and broke through the resistance of 44.00 USD. 

Despite the fact that the price dropped tonightbelow the level of 44.00 USD, in the morning the pair was able to return to the maximum zone of 44.50 USD and consolidate in a narrow consolidation. In such a situation, buyers could break through the POC line and test the 50% fib level (45.89 USD). 

However, the daily EMA55 passes in this area,which the bulls most likely will not be able to break through, because the Stoch RSI indicator lines are already in the overbought zone and are expected to decline soon. In the medium term, the pair may roll back to the 23.6% fibo level (33.37 USD).  

EOS / USD

At the end of last week, the price of EOS broke through the upperthe border of the yellow side range and on Saturday fixed at the level of the POC line (2.64 USD). On Sunday, growth continued and now the local maximum is set near 2.80 USD.

At the moment, trading volumes have declined markedly. There is a chance that this week the bears can seize the initiative and return the pair to the yellow side range.

XLM / USD

Last weekend, the XLM/USD pair consolidated above the four-hour EMA55 level and tried to break through the POC line (0.046 USD). 

Tonight the price showed quitelow growth rate compared to other altcoins. As a result, in the CoinMarketCap ranking by capitalization level, Stellar dropped to 12th place, behind Monero and TRON. 

We believe that today XLM price growth may continue to the area of ​​0.048 USD, but very soon the pair will return to the zone of average prices.