Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/14/2020

The overnight price rise has paused, but bulls will soon resume their attempts to renew yearly highs.

BCH / USD

Yesterday, the hourly EMA55 kept the BCH price from fallingto the level of 260.00 USD. Even in the evening, buyers began to restore the price, and at night, with a strong bullish impulse, they updated the monthly maximum to the level of 287.00 USD. 

Now the price has rolled back to the area of ​​280.00 USD and the rollback has stopped. Today we expect a breakout of the 38.2% Fibonacci resistance and a new high in the area of ​​the psychological mark of 300.00 USD. 

If the bulls have serious intentions to continue the rally, then buyers will try to gain a foothold above the 38.2% fibo (289.51 USD). 

LTC / USD

During the day yesterday, shoppers were preparing forstorming the resistance of 61.8% fibo (51.38 USD). At night, the bulls went on the offensive and with a powerful impulse broke through the 61.8% Fibonacci level, setting a yearly maximum in the resistance area of ​​54.00 USD. 

In the morning, the pair rolled back a little and the price was consolidating in a narrow range at around 53.00 USD. We believe that today the offensive of the bulls will continue, and the new high will be in the area of ​​56.00 USD. 

If buyers do not waste their fuse, in the near future the price of LTC may reach the level of 78.6% Fibo (59.31 USD).

  

EOS / USD

Yesterday level 3.05 USD provided support to the EOS price, and the pair’s pullback stopped before the end of the day. At night, buyers increased volumes and raised the price of EOS to the resistance area of ​​3.30 USD. This level is currently holding back the bulls from re-testing the target level of 3.65 USD. 

However, the pullback from the high is not very deep, and we believe that in the near future the pair will be able to test the resistance of 3.65 USD. 

XLM / USD

Yesterday, the two-hour EMA55 managed to support the XLM/USD pair. As of this morning, buyers have restored the price to the area of ​​0.050 USD, but they failed to update the weekly maximum. 

During the day, growth can continue, and we expect that the bulls will nevertheless achieve the update of the annual maximum in the resistance area of ​​0.053 USD.