June 16, 2025

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/03/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/03/2020

At the weekend, the bulls could not continue the race, and prices consolidated at an average level.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/03/2020

INLast Friday, the bears increased the pressure and pushed the BCH price below the Point of Control level (370.20 USD).Over the weekend, the pair managed to recover to the level of average prices, and by the end of the week the price was consolidating in a sideways range in the area of 380.00 USD. 

Tonight, buyers tried to break into the annual high zone, but the growthwas not supported by large volumes, and now the pair is still in the area of the hourly EMA55.If the bears increase the pressure, they may break through the support of the POC line (370.20 USD) and pull the pair back to the 50% Fib level (356.24 USD). 

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/03/2020

If the hourly moving average curve EMA55 keeps the pair fromof a deep pullback, the bulls may continue to grow and break through the psychological level of 400.00 USD.Another yearly high is possible around 61.8% Fibo (422.97 USD). 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/03/2020

Over the weekend, the hourly EMA55 kept the Litecoin price from a deep pullback, and the pair managed to gain a foothold above the 100% Fib level (69.40 USD).On Sunday, buyers updated the yearly high at 73.40 USD on declining volumes, and now the pair has rolled back to the level of average prices. 

If the EMA55 moving average fails to handle the support today, then the bears couldpush the prices below the 100% Fibonacci level.A local low is possible around 66.00 USD. 

 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/03/2020

Last Friday, the bears pushed through the support of 4.10 USD.Buyers began to show interest only around the level of 4.06 USD. 

Over the weekend, the EOS price managed to recover above the average price level and gain a foothold in the area of 4.20 USD.At night, it was not possible to rise to the annual maximum zone.Trading volumes decreased and the price returned to the moving average. 

If the market activity is low, the price will continue to roll below the hourly EMA55 and mayreturn to the support of 4.10 USD. 

If buyers are active and increase volumes, the pair will updateThe yearly high is around 4.44 USD. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/03/2020

At the end of last week, the support of 0.060 USD stopped Friday's decline in the price of Stellar. 

On Sunday, buyers overcame the resistance of 0.065 USD, but they have not yet been able to update the annual high and gain a foothold above it. 

Today the price will roll back to the hourly EMA55 if thisIf the average price level does not hold sellers, the rollback may continue to the POC line (0.062 USD). If buyers stop the rollback, they will try to stay above the level of 0.065 USD.