Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/06/2020

The bulls were able to achieve the renewal of annual highs, but the growth is not yet complete. What level will start decline to near support levels?

BCH / USD

Yesterday a powerful bullish momentum broke through the upperthe border of the narrowing blue range and tested the level of 61.8% Fibo (422.97 USD). In the evening, on declining volumes, the pair continued to grow and tonight set an annual maximum in the region of 448.00 USD.

In the morning, the price rolled back a bit and it seems that this afternoon growth may continue in the resistance area of ​​458.00 USD. A deeper pullback will return the BCH price to support the level of 61.8% Fibonacci.

LTC / USD

Yesterday, the bulls easily overcame the 100% Fibo level (69.40 USD), but the price increase stopped on the way to the resistance of 74.00 USD. At night, the LTC price rolled back, but in the morning, buyers nevertheless broke through this resistance and set an annual maximum at 74.13 USD.

Today, growth may continue to mark77.70 USD. We believe that in this area the price will unfold in rollback to the level of 74.00 USD. Perhaps, by the end of the week, the pair will demonstrate a deeper decline and will return to the support of 100% Fibo (69.40 USD).

EOS / USD

Yesterday, buyers made their way above level 4.25 USD and by the end of the day reached the area of ​​4.50 USD. In this area, growth slowed significantly, but at night the pair continued to grow, until in the morning it came close to resistance at 4.66 USD.

Now the maximum is fixed at around 4.64 USD. We believe that the bulls will be able to upgrade it to the level of 4.70 USD, after which the pair will return to support 4.32 USD.

XLM / USD

Yesterday, the XLM price managed to gain a foothold above the level of 0.066 USD, and the bulls continued to grow to the area of ​​0.070 USD.

Growth has fallen in this area, but wewe still believe that by the end of the week the pair can test the resistance of 0.073 USD. From this level a deeper rollback to the region of average prices is possible.