June 16, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01.24.2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01.24.2020

Bears knocked the market out of the range yesterday. Today, the decline will continue.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01.24.2020

Yesterday during theThe decline continued towards the support at 320.00 USD. 

At night, buyers tried to restore the price, but this morning the bears pushed through the support of 320.00 USD.Now we expect a pullback below the 38.2% Fib level at 289.51 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01.24.2020

Yesterday, the bears pushed through the support of 54.00 USD and set a daily low at 52.20 USD.At night, the price recovered slightly, but failed to gain a foothold in the support area of 54.00 USD. 

This morning, the pair has already managed to test the level of 61.8% Fibonacci (51.38 USD).Despite the rebound to yesterday's low, the market may continue falling towards 50.00 USD. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01.24.2020

Yesterday, the EOS price pulled back to the support at 3.50 USD.Trading volumes were extremely low, so the pair managed to stay in a narrow sideways corridor until the end of the day. 

This morning, sellers tried to pull the pair back to the level of 3.40 USD.During the day, the pressure from the bears may intensify, as a result, the price will testsupport at 3.30 USD. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01.24.2020

Yesterday, the support level of 0.060 USD could not stop the decline in the price of Stellar.In the evening, the bearish pressure intensified and the price reached a daily low around 0.057 USD. 

Buyers could not resist a further decline and in the morning the price continued to fall.As a result, the capitalization of Stellar Lumen fell to $1 billion, but the asset is still in the top ten of the CoinMarketCap rating. 

Until the end of the week, the price decline will continue until the pair reaches the support of 0.053 USD. In this area, pair consolidation in the lateral range is possible.