October 2, 2023

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/12/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/12/2020

Yesterday, the bulls updated highs, and indicator lines quickly returned to the overbought zone. IN growth is in doubt soon.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/12/2020

Yesterday, the BCH price stayed in the middle price range and buyers were able to break through the resistance at 458.00 USD.

Tonight the bulls continued the race and updatedannual maximum, slightly above resistance 480.00 USD. Indicator lines entered the overbought zone, indicating a strong overheating of the market. We believe that this level may suspend growth for some time, however, if the rollback is still short, then growth will resume.

The maximum of 2019 is around 515.00 USD. We believe that soon the bulls will be able to test the level of 78.6% Fibo (517.97 USD), updating the maximum of last year.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/12/2020

Yesterday morning, buyers were able to break higherresistance 74.00 USD and gain a foothold over it in short consolidation. In the evening, a strong bullish impulse continued to rise in the price of Litecoin to a resistance of 77.70 USD, and at night the pair updated its annual maximum near 80.00 USD.

Green growth restrains further growthline. We believe that today buyers will not be able to break through this resistance and the price will fall back to the level of 77.70 USD. After some consolidation, the bulls can continue to grow and test the resistance area of ​​90.00 USD until the end of the week.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/12/2020

Yesterday, buyers fixed at mediumprices and tried to break through the resistance of the five-dollar level. The bulls managed to form a powerful impulse that broke through this level, and before the end of the day the pair fixed in the area of ​​5.30 USD. At night, growth continued, but already on declining volumes.

This morning, the price of EOS has updated its annual maximum around 5.44 USD. If the rollback from the maximum zone stops in the area of ​​5.30 USD, then despite overbought market, the pair's growth could continue to the area of ​​5.60 USD. However, due to the strong overheatingmost likely, a pullback may return prices to the area of ​​the five-dollar mark.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/12/2020

Yesterday morning pressure from the bearsstopped, and buyers were able to restore the pair above average prices. In the evening, the bulls formed an impulse that broke through the resistance of 0.073 USD and at the end of the day the price set a maximum at 0.075 USD. At the Asian session, the Stellar price growth continued, but the bulls could not test the resistance of 0.080 USD.

This morning, a pullback has begun, which could return the pair to yesterday's high. If buyers can stop the rollback earlier, then today's maximum will be around 0.081 USD.