June 25, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/09/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/09/2020

After yesterday's pullback, the likelihood of continued growth remains, but the bulls' strength is running out, soWe believe that today the market decline will continue.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/09/2020

Yesterday, buyers did not have the strength to updateJanuary high and in the evening the pair tested support at 230.00 USD. At night, the price rebounded from this level to the area around 240.00 USD, where it was able to consolidate. 

This gives the bulls a good chance to repeat the breakthroughresistance 246.00 USD. If they are unable to increase purchase volumes, then if market activity falls, the price decline will continue towards the four-hour EMA55. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/09/2020

Buyers yesterday were unable to continue the price increaseLTC. Having remained in consolidation, the pair fell below the 50% fib level (45.82 USD). Support at 44.00 USD stopped the decline and after a rebound the pair is consolidating at the POC line. 

Today there is an opportunity to take advantage of the levelPoint of control as support and return to the maximum zone. However, declining trading volumes will continue to pull back below average prices.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/09/2020

Yesterday, in a pullback, the EOS price tested the level of the four-hour EMA55 (around the 2.70 USD mark). 

Trading volumes have decreased so far, and the pairconsolidating in a narrow range at 2.75 USD. If sellers continue yesterday’s pressure, the price will roll back even lower, to the area of ​​the POC line (2.64 USD). 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/09/2020

Yesterday, trading on Stellar took place at medium volumes, but the price behaved quite nervously. Sellers broke through the average price level and came close to the support of the POC line (0.046 USD). 

Tonight, the price rebounded to around 0.048 USD, where he is trying to gain a foothold in the consolidation. Until the end of the day, there is a chance of a break below the Point Of Control line. The decline will slow down at 0.045 USD.