Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/17/2020

Today, couples can renew annual highs.

BCH / USD

Yesterday, trading began quietly and took place on small volumes. The watch EMA55 coped with the support of the BCH price and buyers fixed themselves above the POC line (324.91 USD).

Another attempt recorded this morningbuyers break above the resistance of 50% Fibo (356.24 USD). After a small rollback, the bulls can continue the race and update the annual maximum in the region of 380.00 USD.

LTC / USD

Yesterday morning trading volumes were small, and the price of LTC rolled back just below the hourly EMA55. In the afternoon, buyers managed to seize the initiative and begin recovery.

This morning the bulls broke the resistance of 78.6% Fibo (59.87 USD) and try to update the annual maximum. If the positive trend continues, then buyers will test the resistance at 64.00 USD, and at the end of the day, a rollback to the area of ​​60.00 USD is possible.

EOS / USD

Yesterday sellers rolled back EOS / USD pair lowersupport 3.65 USD, but at the level of average prices their efforts have dried up. Sales volumes declined and buyers gradually restored the price above the key level of 3.65 USD.

This morning, growth continued, but it is not yet supported by large volumes. If the bulls increase the onslaught, they will be able to pierce the resistance of 4.10 USD, and the annual maximum will shift to the area of ​​4.15 USD.

The rollback from the annual maximum may be quite deep. You need to be prepared for the fact that the price of EOS will return to the key support of 3.65 USD.

XLM / USD

Yesterday, the hourly moving average held the pairXLM / USD from the rollback to the area of ​​0.050 USD. The capitalization of Stellar Lumen currently stands at about $ 1 billion, which gives the asset the right to occupy only 15th place in the CoinMarketCap rating. Three assets - Dash, Ethereum Classic and Cardano immediately outstripped Stellar in terms of capitalization.

This morning the XLM price has started to rise. The bulls have already managed to test the resistance of 0.056 USD. We believe that during the day a re-test of the level of 0.060 USD is possible, and in this area the pair will record an annual maximum.

By the end of the day, when trading volumes decline, the pair may return to the area of ​​0.056 USD.