Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/08/2020

Today, there is a chance of updating the January maximum, but to gain a foothold in this zone will not work.

BCH / USD

Yesterday, the bulls still managed to pierce the resistance of 246.00 USD, but this morning the price is still consolidating at this level.

If today the bulls can realize another attempt to break above this resistance, then the maximum is possible in the area of ​​260.00 USD.

On the other hand, the market is largelyit is overheated, so buyers may not have enough strength to update the January maximum. It is highly likely that with low trading activity the pair will fall back to the support of 230.00 USD.

LTC / USD

Last night, the bulls broke through the 50% Fibo level (45.82 USD) and at the end of the day set a maximum around 47.00 USD.

Tonight, buyers were able to continue to grow and update the January maximum to the level of 48.62 USD. In the morning, volumes fell significantly, and the price rolled back a bit.

If buyers can again increase volumes, then the monthly maximum can be set in the area of ​​49.30 USD. Subsequent rollbacks may return the price to a fifty percent fibonacci level.

EOS / USD

Yesterday, buyers could not overcome the mark of 2.82 USD, and tonight a powerful bullish impulse set a maximum near 3.00 USD.

After a small pullback, growth may continue toresistance of 3.05 USD, but it will not work to gain a foothold in the zone of maximum. According to our calculations, the rollback will stop at the level of the hourly EMA55 (around 2.70 USD)

XLM / USD

After the January maximum around 0.052 USD Stellar price yesterday rolled back to the four-hour EMA55 level. In this area, buyers have found support and are trying to restore the price to the zone of a monthly maximum.

We believe that today a resistance re-test of 0.053 USD is possible, but soon the price will roll back to the POC line (0.046 USD).