Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/28/2020

EOS Price Updated Annual High. Will the other altcoins be able to follow the EOS example this week?

BCH / USD

Yesterday, the price consolidated above the 50% fib level (356.24 USD), and by the end of the day a local maximum was marked around 376.00 USD. 

At night, during the pullback, the pair remained higherfifty percent fibonacci level and is now consolidating in the area of ​​360.00 USD. After short-term consolidation, growth may continue to the area of ​​420.00 USD. 

  

LTC / USD

Yesterday, buyers broke through the POC line, but to the enddays and were unable to overcome the 78.6% fibo level (59.31 USD). Tonight the bulls broke through this resistance level and in the morning they set a high at 61.48 USD. 

A pullback from the high area is expected during the day, but we believe that the 78.6% fibonacci level will keep the pair from a deep rollback. Soon growth may resume towards resistance at 64.00 USD. 

EOS / USD

Yesterday the bulls managed to cope with resistance inarea of ​​3.80 USD, and this morning the pair tested the level of 4.10 USD. After updating the yearly high at 4.13 USD, the price of EOS retreated to the area of ​​four dollars per coin. 

If EOS trading volumes continue to decline, the decline may continue towards the average price level. If the bulls can continue to grow, then the next maximum can be expected around 4.44 USD. 

 

XLM / USD

Yesterday the moving average EMA55 supportedbuyers and they tested the resistance of 0.060 USD. Despite yesterday's high near 0.061 USD, the Stellar price was unable to gain a foothold above the 0.060 USD level, however, the hourly EMA55 still reliably holds the pair during a pullback. 

Today, a re-test of the level of 0.062 USD is possible, after which you can count on the support of the POC line.