February 23, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/10/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/10/2020

Today, market consolidation is possible near current support levels.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/10/2020

Yesterday trading volumesdecreased significantly, and the price of BCH pulled back below the two-hour EMA55. At night, buyers found the strength to recover to the level of average prices, and the pair consolidated in a sideways corridor. 

We believe that today the consolidation will continue, and the efforts of the bears will be limited to the support of 230.00 USD.

 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/10/2020

Yesterday customers were unable to usePoint of Control level as support. It was not possible to increase the volume of purchases, and the price sank below the two-hour EMA55 level. The decline stopped after a retest of support at 44.00 USD. 

At night, buyers tried to restore the pair tolevel of average prices, but it seems that the moving average today will act as resistance and push the price to the lower border of the side range (44.00 USD). If the bears do not increase pressure with large volumes, then support will be able to keep the price sideways until the end of the day. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/10/2020

Yesterday the sellers pierced the four-hour supportEMA55, but it was not possible to significantly increase sales volumes. Overnight, the pair returned above the average price level and is trying to consolidate in a sideways range. 

If the bears take over the market again today, they will push through the support of the moving average and test the POC line (2.64 USD). 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/10/2020

Yesterday, the XLM price tried to gain a foothold above the four-hour EMA55 level. At night, sellers pushed through this level of average prices and in the morning the pair reached 0.0455 USD. 

We believe that today the pressure from the bears will weaken and the pair will be able to consolidate at the Point Of Control level (0.046 USD).