Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/23/2020

Today, after some decline, the pairs may recover into a sideways range.

BCH / USD

Yesterday, the price of BCHremained in a sideways range above the hourly EMA55 level. At night, the pair sank below the average price level and today the decline may continue to support 320.00 USD. 

If the bears break through this support level, then a decline is possible to the 38.2% fib level (289.51 USD). 

LTC / USD

The Litecoin price yesterday maintained a sideways movement and did not fall below the average price level. Tonight the bears pushed through the support of the hourly EMA55 and are trying to break through the support of 56.00 USD. 

If the decline can be stopped at this level, then by the end of the day the pair will return to the sideways range at the level of average prices. Otherwise – the decline may continue to support 54.00 USD. 

EOS / USD

Yesterday, the EOS price was in a narrow sideways trend atlevel 3.65 USD. In the morning, the price tested the level of 3.56 during the decline and may reach the level of 3.50 USD. If buyers can restore the price from this area, then a rollback to the 3.30 USD area is not yet relevant. 

XLM / USD

Yesterday, the bears sold the level of average prices andcontinued to lower the price of XLM to the support area of ​​0.060 USD. We believe that in the area of ​​0.059 USD, the decline may stop. By the end of the day, the pair will recover to the level of average prices.