June 25, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/14/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/14/2020

The level of average prices keeps pairs from deep decline. Will the bulls be able to update their annual earnings by the end of the week?highs?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/14/2020

Yesterday, the two-hour EMA55 kept the BCH price from a deeper pullback. During the day, the pair was able to recover to the resistance of 480.00 USD, but it is still not possible to overcome it. 

Today, weak attempts to break through the blue resistance level may be repeated, but we believe that they will be unsuccessful, and at the end of the day the pair will roll back to the POC line (440.13 USD). 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/14/2020

Yesterday, the two-hour moving average EMA55 provided support for the LTC/USD pair, and buyers were able to restore the price to the ascending trend line. 

The resistance of this green line holdsbuyers in the ascending channel and does not allow the bulls to update the annual maximum in the target area of ​​90.00 USD. Today, bears may push the Litecoin price towards support at 74.00 USD.  

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/14/2020

Yesterday, the EOS price rolled back to the hourly EMA55 and stopped the decline at this level of average prices. 

Today the decline may continue to support 5.00 USD. We believe that the five-dollar level will be able to turn the recovery price into the area of ​​the annual maximum. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/14/2020

Yesterday the bears broke through support 0.080 USD, but the level was able to reverse the price of Stellar to recovery. Despite the fact that buyers achieved a return to the yearly high zone, the price could not stay in this area, and this morning the pair is again testing the strength of the 0.080 USD support. 

If the level withstands the stress test, the pair will linger in the lateral range. It is possible that buyers will try to use this level to restore to the area of ​​0.090 USD.