Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/10/2020

The market has reached quite strong resistance levels and is very overheated, but for some altcoins, growth still possible.

BCH / USD

At the weekend, the level is 61.6% fibo (422.97 USD) kept the pair from falling, and on Sunday, buyers set an annual maximum at around 460.00 USD. Sellers tried to roll back the price to the level of 61.8% Fibonacci, but the pair has so far been able to stay above the two-hour EMA55.

If the bulls resume the race, they will be able to break into the area of ​​480.00 USD. If the bears sell the level of average prices, then the price will go down to the support of 400.00 USD.

LTC / USD

Last Saturday, the pair LTC / USD was able to overcome the level of 74.00 USD and tested the resistance of 77.70 USD. On Sunday, the price updated the annual maximum at 78.50 USD and went down.

This morning sellers have already piercedsupport of 74.00 USD, but the pair has so far consolidated in the area of ​​the two-hour EMA55. If the bears increase the pressure, the decline will reach a one hundred percent fibonacci level (69.40 USD).

If buyers manage to stop the decline at the level of average prices, then the bull race may continue to the area of ​​80.00 USD.

EOS / USD

Last weekend, the EOS price set a new annual high in the resistance area of ​​5.00 USD. This level turned the pair down and buyers fizzled out at around 4.80 USD.

If today the pressure from them intensifies, thenthe price may sink below the moving average, to the support of 4.66 USD. If buyers can stay above the average price level, then the offensive of the bulls can still continue in the area of ​​5.30 USD.

XLM / USD

At the weekend, Stellar price pierced the level of 0.073 USD and set an annual maximum at the point of 0.074 USD, however, it was not possible to stay in the maximum zone.

In the morning, the pair rolled below the two-hour EMA55 and is now holding in the middle price range. If the bears increase the pressure, then in the first half of the week the pair may sag to the support of 0.065 USD.