Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/07/2020

Despite the renewal of annual highs, growth slowed significantly, and the pair approached reversal levels.

BCH / USD

Yesterday, the BCH price increase stalled around 440.00 USD. In the afternoon, sellers pierced the support level of 61.8% Fibo (422.97 USD), but the price resisted the decline.

This morning, buyers testedresistance is 458.00 USD, but the pair returned to a narrow lateral range, to the area of ​​440.00 USD. In the near future we can expect a gradual decrease in the price of BCH, and if the level of 61.8% Fibonacci does not keep the pair sideways, then the rollback may reach the psychological mark of 400.00 USD.

LTC / USD

Yesterday, the price of LTC barely surpassed the mark of 74.00 USD and tried to continue to grow.

Today, a single impulse has updatedthe annual maximum is up to the value of 75.45 USD and the price fell back to the support of 74.00 USD. If the bulls manage to continue the growth, the pair will test the resistance of 77.70 USD. If buyers can not gain a foothold above 74.00 USD, then by the end of this week the pair will return to the level of 100% Fibo (69.40 USD).

EOS / USD

Yesterday, the EOS price tested the resistance at 4.66 USD, and today set a new high around 4.70 USD. The rollback is still small, but it is no longer possible to count on substantial growth.

Until the end of the week, the pair may fall back to the level of average prices.

XLM / USD

Buyers yesterday were able to cope with the rollback and after the recovery continued to increase the price of Stellar.

Today the pair has already tested resistance 0.073 USD, and the Stoch RSI indicator lines indicate overheating of the market. Even if the price can pierce this resistance level, in the near future we will still expect a pullback to the moving average EMA55.