April 26, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Today, buyers will try to gain a foothold in the area of average prices.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Yesterday in the market of large sales alreadyTrading volumes fell below average and the price of BCH stopped its intense decline. 

Bulls were able to restore the price above 400.00 USD and on the approach to the level of 61.8% Fib (422.97 USD) the pair lostpositive dynamics and turns into consolidation. 

If the volume continues to decline today, the pair will consolidate in a sideways range with support at the psychological level of 400.00 USD.If buyers are able to increase volumes, the price will recover to the two-hour EMA55. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Yesterday, the 100% Fib level (69.40 USD) was able to keep the Litecoin price fromfurther decline to the support of 64.00 USD.On declining volumes, the pair has recovered to the Point Of Control line. 

At night, buyers continued to recover and tested the level of average prices.If the pair fixes above the POC line today, then in the future the price will reachresistance area of 77.70 USD. 

A drawdown below the 100% Fibonacci level will cast doubt on further growthto the area of the annual maximum. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Yesterday, the price of EOS stayed at the POC line (4.23 USD), and in the second half of the day, buyers tried to restore the price to the area of 4.666 USD.However, the trading volumes were quite low, and the pair got stuck in consolidation around 4.46 USD. 

If buyers manage to increase volumes today, the pair will test the level of average prices.If the volumes continue to decline, the pair will again roll back to the support of the Point Of Control line (4.23 USD). 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Yesterday, buyers seized the initiative and restored the price to the area of 0.073 USD.At night, this level was used as support, but buyers are not yet able tocontinue to grow, and the pair is consolidating in a narrow range. 

If the pair stays sideways in this area today, it will soon be able totest the two-hour moving average EMA55.If the price pulls back below the POC line (0.072 USD), the decline will continue to the support of 0.065 USD.