Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02.17.2020

We determine support levels that can push altcoin prices to recover.

BCH / USD

INlast Friday one of the attempts to break through the level480.00 USD was effective, but the bulls failed to test the psychological mark of 500.00 USD. The pair was unable to gain a foothold in the high area and rolled back to the POC line (440.74 USD). 

Over the weekend, the price continued to declinebroke the support of 400.00 USD. Tonight the decline paused around 380.00 USD, but if sales in large volumes continue, the BCH/USD pair may reach a stronger support level of 50% fib (356.24 USD). 

LTC / USD

Litecoin price retreated to support over the weekendat 74.00 USD, but it could not stop the bears. Last night, sellers tested the 100% fibo level (69.40 USD), which helped buyers restore the price a little. 

This morning the decline stopped, but ifBears will continue to press, then the pair may return to the level of 64.00 USD. If sales with large volumes can be avoided, the price will recover to the area of ​​the Point Of Control line (73.75 USD). 

EOS / USD

On Saturday, the bears broke through the support of the two-hour moving average EMA55 and the price fell below the five-dollar support level. The decline stopped only after a retest of the level of 4.10 USD. 

Now the pair is trying to consolidate sidewaysrange on the POC line (4.25 USD). If the price remains flat, the decline will end and buyers will try to restore the price to the area of ​​4.666 USD. If sellers push through the level of 4.10 USD, then a reversal to recovery is possible in the range of $3.65 – $3.80 USD. 

XLM / USD

Buyers took advantage of support on Fridaylevel of 0.080 USD and set a yearly maximum in the area of ​​0.089 USD. However, it was not possible to stay in the maximum zone. After several strong bearish impulses, the pair retreated below the 0.073 USD level. 

Today, the Stellar price decline may continue to support the 0.065 USD, which will deploy the pair to restore to the area of ​​0.073 USD.