Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/15/2020

At night, prices rolled back to the nearest support levels. Can buyers continue to grow today?

BCH / USD

Bitcoin Cash ABC price broke out yesterdayresistance at the 38.2% Fibonacci level and tested the 50% Fibonacci level (356.24 USD). The annual maximum is set around 370.00 USD. However, the pair could not stay in the maximum zone. 

At night the price rolled back, and in the morning there was a rollbackpaused at 310.00 USD. Today, buyers will try to restore the BCH price to the zone of yesterday's high and gain a foothold at the fifty percent fibonacci level. 

Bitcoin Cash SV became a serious competitor to Bitcoin Cash ABC yesterday. The BCHSV price broke through the psychological level of 200.00 USD and set a maximum around 450.00 USD. 

Such rapid growth of the asset (about 130% per day) is associated with the legal proceedings of Craig Wright. However, many trading participants talk about a planned pump of this cryptocurrency.  

One way or another, at the moment, capitalizationBitcoin Cash SV reached $ 6.3 billion, and this gave him the opportunity to be on the fourth line in the CoinMarketCap rating, pushing Bitcoin Cash ABC to fifth place with an indicator of $ 5.9 billion. We believe that soon the price of Bitcoin Cash SV will fall back to the support area of ​​300.00 USD.

 

LTC / USD

Yesterday level 54.00 USD provided support to the LTC/USD pair and the bulls continued their advance. During the day, they managed to test the resistance of the 78.6% fibo (59.31 USD) and set the yearly maximum around the 61.00 USD mark. The price was unable to gain a foothold above the 78.6% Fibonacci level. 

On declining volumes, the pair rolled back into the area56.00 USD. This weak support could stop the pullback and help the pair recover to the yearly high, where the price will try to consolidate using more reliable support at the 78.6% fib level (59.31 USD). 

However, if buyers fail to recover today, then perhaps the reversal will occur a little lower, around the 54.00 USD mark. 

EOS / USD

Yesterday the bulls broke through the resistance of 3.65 USD and continued to rise in the price of EOS to the resistance area of ​​4.10 USD. The maximum was set just above the four dollar level, at 4.06 USD. 

Overnight volumes decreased and the price rolled back toarea 3.65 USD. This level keeps the pair from further decline for now. It is possible that buyers intend to test the resistance of 4.10 USD. However, on small volumes the decline may continue towards the support of 3.48 USD. 

XLM / USD

Yesterday, the price growth of Stellar continued and the bulls were able toupdate the annual maximum at 0.055 USD. Even before the end of the day, the XLM price rolled back to the support of 0.053 USD and tried to consolidate at this level. 

Until the morning, trading was pretty nervoussetting, but already on declining volumes. Now the range of consolidation is slightly narrowed. Buyers may again take the initiative and continue to grow, but we are not sure whether they will have the strength to overcome resistance in the area of ​​0.056 USD.