June 19, 2024

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

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

Today, couples can renew annual highs.

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

Yesterday trading started calmly and took place at lowvolumes. The hourly EMA55 managed to support the BCH price and buyers settled above the POC line (324.91 USD). 

Another attempt was recorded this morningbuyers break above the 50% fib resistance (356.24 USD). After a slight pullback, the bulls can continue the race and update the annual high around 380.00 USD. 

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

Yesterday morning trading volumes were light and the LTC price pulled back just below the hourly EMA55. In the afternoon, buyers managed to seize the initiative and begin to recover. 

This morning the bulls broke through the resistance of 78.6% fib (59.87 USD) and are trying to update the annual maximum. If the positive dynamics continue, 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 / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/17/2020

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

This morning the growth continued, but it is not yetsupported by large volumes. If the bulls increase their pressure, they will be able to break through the resistance of 4.10 USD, and the annual maximum will shift to the area of ​​4.15 USD. 

The pullback from the annual high can be quite deep. You need to be prepared for the EOS price to return to the key support of 3.65 USD. 

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

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

This morning the price of XLM began to rise.The bulls have already tested the resistance of 0.056 USD. We believe that a retest of the level of 0.060 USD is possible during the day, and in this area the pair will record a yearly maximum. 

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