Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/05/2020

Yesterday, the nearest support levels clearly worked out the price reversal for recovery. Will the bulls make it to the end?weeks update annual highs?

BCH / USD

Yesterday, low trading volumes continued.The BCH/USD pair fell out of the narrowing blue range and rolled back to the POC line (370.20 USD). In the afternoon, buyers restored the pair to the level of average prices. 

At night, the recovery continued and the price of BCHreturned to the narrow blue range. Today, the bulls can break through the upper boundary of this narrowing corridor and break through the psychological level of 400.00 USD. 

A new annual maximum should be expected around the 61.8% fibo level (422.97 USD). 

LTC / USD

Yesterday the decline was stopped in the areamarks 66.50 USD. As of this morning, the pair has recovered to the 100% Fibonacci level. If the bulls overcome this resistance level, then the updated annual high may be at the level of 74.00 USD. 

If immediately it is impossible to break through above 100% Fibo (69.40 USD), then by the end of the day the pair will be stuck in consolidation at the level of average prices.

EOS / USD

Yesterday, on declining volumes, the pair rolled back tosupport 4.10 USD. From this level, buyers gradually increased volumes and by the end of the day the EOS price recovered to the hourly EMA55. At night, growth continued to the POC line (4.25 USD). 

If today buyers overcome this level of equilibrium prices, then growth may continue to the annual maximum zone, and soon it will be updated to the level of 4.50 USD.  

It is possible that at the Point of Control level (4.25 USD) the price will fight in the lateral range and will spend all the time until the end of the day in consolidation.

XLM / USD

Stellar price rolled back to the Point Of line yesterdayControl (0.062 USD) and after the re-test began to actively recover. By the end of the day, the bulls returned the price above the resistance of 0.065 USD, and at night they continued to grow and updated the yearly maximum at 0.069 USD. 

In the morning, the pair rolled back a little and if the price remains above 0.066 USD, the growth will continue.  

The four-hour time frame shows thatthe closest resistance level is at the level of 0.073 USD. We assume that by the end of the week the pair will be able to renew the annual maximum in approximately this area.