June 18, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/19/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/19/2020

Today, price recovery may continue towards the nearest resistance levels.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/19/2020

Yesterday in the firsthalf a day the couple lost positivedynamics, and sellers briefly managed to roll back the price just below the support of 400.00 USD. However, in the second half of the day, buyers were able to increase volumes and restored the price to the 61.8% fib level (422.98 USD). 

At night, the couple tested the level of two-hourEMA55, but it is not yet possible to stay in the area of ​​average prices. If today the pullback is short and remains above the psychological level of 400.00 USD, then the recovery will continue to the area of ​​the Point Of Control line (440.29 USD). 

If sellers again push the price below the support of 400.00 USD, then the decline may reach the fifty percent Fibonacci level (356.24 USD). 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/19/2020

Yesterday the LTC price drawdown was shallow andtook place at decreasing volumes. In the afternoon, buyers were able to restore the price to the area of ​​average prices, and at night they tested the resistance of 77.70 USD. 

Now the volume of purchases has decreased, and the couple has not yetmay consolidate above this resistance level. If the moving average keeps the pair from declining, then the recovery will continue to the area of ​​the yearly high and test the rising green trend line. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/19/2020

Yesterday afternoon, the bullish momentum restored the EOS price to the average price area and the pair tested the resistance of 4.666 USD. 

In the morning the price rolled back a little, but today it is possible that it will continue to grow towards the five-dollar level. Resistance in the area of ​​4.80 USD could significantly slow down growth. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/19/2020

Yesterday, the price of Stellar sank slightly below the support of 0.072 USD, but buyers managed to restore the price to the average price area. 

Until the morning, the pair used the two-hour EMA55 as a reliable support level, and today the recovery can continue to the resistance of 0.080 USD.