Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01.20.2020

Today, the decline in prices will continue. We determine the nearest support levels.

BCH / USD

On Saturday, the bullscontinued the race and set a yearly high of 400.00 USD.The rollback of the maximum was quite deep.First, the bears returned the price below the 50% Fib level (356.24 USD). 

On Sunday, buyers tried to rectify the situation by restoring the price above the hourly EMA55.However, the pair failed to gain a foothold above the average price level for a long time, and in the second half of the day, market participants found a compromise price on the Point Of Control line (332.26 USD). 

So far, the BCH price has been consolidating in a narrow range on the POC line.Bulls' attempt to recover the pair was limited by the level of average prices.We believe that after a short consolidation, the price will continue falling towards the area of 38.2% Fib (289.51 USD). 

LTC / USD

Last Friday, the price of Litecoin reversed in the resistance area of 64.00 USD and at the end of the week rolled back below the support of 78.6% Fib (59.31 USD). 

 The decline has stopped in a narrow consolidation at 56.00 USD.There are no significant attempts to restore the price of LTC yet.If the bears resume the pressure, the pair will sink below the support of 54.00 USD. 

EOS / USD

At the end of last week, the bulls staged a desperate assault on the resistance of 4.10 USD.Sellers repelled buyers' attacks several times and did not allow them to update the weekly high at 4.06 USD.On Saturday, buyers' optimism began to dry up, and the price consolidated at the level of the hourly moving average EMA55. 

On Sunday, sellers increased the pressure and pushed through the level of average prices with a powerful impulse.At the end of the day, a low of 3.42 USD was set. 

As of this morning, the EOS price managed to gain a foothold in a narrow range at 3.60 USD.Trading volumes are low, and if buyers try to recover the price, they willare limited by the resistance of 3.65 USD.continue falling towards the support at 3.30 USD. 

XLM / USD

At the end of last week, the price of XLM continued to grow, breaking through the level of 0.060 USD.Buyers managed to set a yearly high around 0.064 USD.As a result, the capitalization of Stellar Lumen rose to $1.2 billion, which allowed the asset to return to the top ten of the CoinMarketCap rating. 

After Sunday, the price rolled back tosupport of 0.060 USD, buyers are trying to restore the price to the zone of annual maximum. However, we believe that the recovery will not be able to break above the level of 0.065 USD. Most likely, Sunday's decline will continue to the area of ​​four-hour EMA55 (0.056 USD).