Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/16/2020

Will couples resist a deeper pullback at average prices?

BCH / USD

Buyer attemptsto gain a foothold yesterday above the 50% fib level (356.24 USD) were unsuccessful. 

This morning the pair rolled back to the hourly areaEMA55, which for now keeps the pair from further decline. If sellers increase pressure, the price of Bitcoin Cash ABC may roll back to the support area at the 38.2% fib level (289.51 USD). 

The price of Bitcoin Cash SV yesterday sank below the psychological level of 300.00 USD and consolidated at the level of the hourly moving average EMA55. 

The BCHSV price has retreated from its yearly high by more thanby more than 35%, and the capitalization of the asset currently stands at $5.3 billion. With this result, Bitcoin Cash SV dropped to fifth place in the CoinMarketCap rating, and Bitcoin Cash ABC returned to its usual fourth place with a capitalization indicator of $5.8 billion. 

LTC / USD

Yesterday the bulls were unable to overcome the resistance of the 78.6% fibo level (59.31 USD). Tonight the pair rolled back even lower than yesterday's local low. 

If there is pressure from sellersincrease, then the pair may break through the support level of 54.00 USD and roll back to 61.8% fibonacci. If the two-hour EMA55 keeps the pair from further drawdown, then the bulls can expect a re-test of the level of 64.00 USD. 

EOS / USD

Yesterday, the EOS/USD pair showed decreasing highs. At night, the EOS price sank below the support of 3.65 USD and stopped its decline near the average price level. 

If purchases in large volumes resume, thenthe price will be able to test the target level of 4.10 USD. If the support of the hourly moving average does not withstand the advance of sellers, then the pair may roll back to the level of 3.30 USD.    

XLM / USD

Yesterday, buyers were unable to overcome the resistance of 0.056 USD and tonight the price of Stellar rolled back below the support of 0.053 USD. 

The decline stopped near the hourly EMA55, which made it possible to consolidate above the level of 0.053 USD, but if sellers increase pressure, the pair will roll back to the area of ​​0.050 USD.