Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/31/2020

The series of annual highs updates continues. Yesterday, the Litecoin price set a new high for 2020.Can the BCH price support the update boom by the end of the week?

BCH / USD

Yesterday the bulls failed to break through resistancepsychological level 400.00 USD. At night, the pair began a pullback, which in the morning stopped at the level of average prices. From this support, buyers could show character and test the 61.8% fib level (422.97 USD).  

If the bears increase pressure, the rollback may continue to the 50% fib level (356.24 USD). 

LTC / USD

Yesterday, buyers pleased with their capabilitiesin the breakout of resistance 64.00 USD. The bullish impulse turned out to be so powerful that the price tested the 100% fibo level (69.40 USD) and set a yearly maximum around 70.00 USD. 

Overnight, the price of LTC rolled back, reaching a low ofpoint 66.00 USD, but most likely the rollback will continue to the level of 64.00 USD. We believe the hourly EMA55 will be able to keep the LTC/USD pair from further decline. 

EOS / USD

Yesterday the bulls managed to continue growing and break throughresistance 4.10 USD. In the first half of the day, the growth was supported by fairly large volumes, but then they began to melt and at the end of the day, on declining volumes, the pair set a new annual maximum around 4.40 USD. 

At night, a rollback began, which maypause in the area of ​​the hourly moving average EMA55. If the bears manage to push through the level of average prices, then the decline will continue to around 4.10 USD. At this level, price consolidation in a narrow range is possible.

XLM / USD

Yesterday, buyers pushed through the resistance on the linePOC (0.062 USD), but it was not possible to continue growth into the resistance area of ​​0.065 USD. Until the end of the day, the pair was unable to update the weekly high and rolled back into consolidation at the Point Of Control line (0.062 USD). 

If sellers break through sentinel support todaymoving average EMA55, then the decline will continue to the level of 0.060 USD. Until the end of the week, sellers can resume attempts to break into the area of ​​annual maximum from this support.