April 25, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/27/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/27/2020

Over the weekend, the decline in prices stopped and the bulls began to restore the market to the zone of annual highs.BeforeWhat level will the price rise this week?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/27/2020

On Saturday, buyers could not overcome the resistance of the hourly moving average EMA55 for a long time, and on Sunday they still managed to break through thisaverage price level and recover to the POC line (345.16 USD). 

Tonight, the bulls continued to grow the BCH price and settled above the 50% Fib (356.24 USD).If this Fibonacci level provides support to the BCH/USD pair, then this week the bulls will be able toupdate the annual maximum in the area of 420.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/27/2020

Over the weekend, buyers tried to break above the hourly EMA55.On Sunday, another attempt ended with a breakout of the average price level and the recovery of the LTC price to the support of 56.00 USD. 

Today, buyers will try to gain a foothold in the area of the Point Of Control line (57.68 USD).If the POC line holds the pair of declines to the EMA55 moving average, then the growththe bulls may continue and the bulls may be able to test the level of 64.00 USD. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/27/2020

Last week, the bears failed to push the EOS price to the support of 3.30 USD.At the end of the week, the decline stopped at the low of 3.37 USD and over the weekend the pair recovered above the 3.65 USD line. 

Now the bulls have certain difficulties at level 3.80 USD, but if today they manage to overcome this resistance, then growth will continue to the annual maximum zone. We believe that this week the bulls will be able to test the level of 4.10 USD. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/27/2020

Last weekend, Stellar trading volumes were below average, but even on low volumes, buyers were able to restore the price above the hourly EMA55. 

Now the pair has consolidated in a narrow consolidation onthe level of 0.058 USD, and if the moving average EMA55 keeps the XLM price from falling, then the bulls will break the resistance of 0.060 USD, and closer to the middle of the week they can test the POC line of 0.062 USD.