Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/29/2020

Today, at the current resistance level, the battle for new annual highs is unfolding. If the bearswill be able to hold the line, then the pair will return to the level of average prices.

BCH / USD

Yesterday after some consolidation of the pair in the area360.00 USD, growth continued. As of this morning, the price tested the level of 390.00 USD, but now volumes have decreased significantly, growth has slowed down, and buyers cannot get close to the psychological mark of 400.00 USD. 

If the bulls form a powerful impulse, the price may test the 61.8% fib level (422.97 USD). If the bears defend the level of 400.00 USD, then the pair will roll back to the support of the hourly EMA55. 

LTC / USD

Yesterday the fib level was 78.6% (59.31 USD) failed to cope with support and the price rolled back deeper, to the level of the hourly moving average EMA55. Late in the evening, buyers began to restore the price and in the morning returned it to the area of ​​61 dollars per coin. 

It is not yet possible to update the annual maximum, but if the bulls organize another impulse, the pair will test the level of 64.00 USD. In this area there is a high probability of a reversal into a deep pullback. 

If sellers do not give buyers the opportunity to update the annual maximum, they will push the price to the 78.6% Fibonacci level. 

EOS / USD

Yesterday the price of EOS did not stay in the annual zonea maximum of 4.13 USD and, on declining volumes, rolled back to the level of average prices. At the end of the day, buyers began to restore the price and in the morning returned the pair to the area of ​​the yearly maximum. 

The resistance of sellers at 4.10 USD prevents the recovery from continuing. If they manage to limit the growth, the pair will roll back below the hourly EMA55. 

If the bulls break through line 4.10 USD, then today the annual maximum will be updated again. We believe that our yesterday's target of 4.44 USD looks very optimistic today. More realistic opportunities for the bulls are most likely in the 4.20 USD area.  

XLM / USD

Yesterday the Stellar price tested the POC line (0.062 USD), but could not gain a foothold at this level. After a pullback to the support of the hourly moving average EMA55, the pair was able to recover to the Point Of Control area of ​​0.062 USD. 

If from levelControl pointsBears will push buyers away again, then the pair will roll back to the support of 0.060 USD. If the bulls break through the POC line, they will be able to test the resistance of 0.065 USD.