Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/13/2020

Will the average price level bear the onslaught of bears today?

BCH / USD

Last Friday the price of BCH broke throughresistance 246.00 USD and set a weekly maximum around 275.00 USD. Over the weekend, the pair pulled back from the high zone and consolidated in a sideways range with support in the form of the hourly EMA55. 

If today the bears manage to push through the level of 260.00 USD, then the decline will continue to the support of 246.00 USD. 

LTC / USD

At the end of last week, on Friday, the level of 44.00 USD kept the pair from declining and served as reliable support for buyers to break through the psychological level of 50.00 USD. 

Last weekend the couple testedresistance is 61.8% fib (51.38 USD), but buyers have not yet been able to gain a foothold above this fibonacci level. On Sunday, the Litecoin price consolidated in a sideways range, the upper limit of which was always the 61.8% fibonacci level.  

This morning the pair dipped to the hourly EMA55.This moving average has been keeping the price in a tight consolidation for six hours now. We believe that buyers are preparing to storm the 61.8% fib resistance (51.38 USD). 

However, if the bulls manage to update the high of last week, the pair will still not be able to stay in the high zone, and in the middle of the week it will roll back to the support of the 50% fib (45.82 USD). 

EOS / USD

At the end of last week, the bulls managed to increasevolumes and break through the resistance level of 3.05 USD. On Sunday, a powerful bullish impulse brought the price to a weekly high around 3.20 USD. At night, the growth continued, but on declining volumes, so this morning the EOS price returned to the support of 3.05 USD. 

If the hourly EMA55 level keeps the pair from falling further, then buyers could test the resistance at 3.30 USD. 

XLM / USD

Last Friday the POC line (0.046 USD) reversed the price of Stellar for recovery. The growth took place on volumes below the average level and over the weekend the pair was able to gain a foothold in consolidation above the level of the two-hour EMA55. 

Low growth rates prevented buyersupdate the weekly maximum, which is set around 0.052 USD. This morning the pair rolled back below the average price level. At the moment, Stellar Lumen has dropped to 13th position in the CoinMarketCap ranking in terms of capitalization, behind Cardano.  

If the two-hour moving average todaykeep the pair from further decline, the pair will be able to gain a foothold above the psychological mark of 0.050 USD. And if the bears break through the average price level, the pair will return to the area of ​​the POC line (0.046 USD).