Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02.20.2020

This morning the overnight price decline has stopped, but during the day the decline may resume.

BCH / USD

Yesterday, during the day, buyers were unable to gain a foothold above the two-hour EMA55, and at night the bears rolled back the price below the psychological support of 400.00 USD. 

In the morning, the decline stopped around 380.00 USD, but if today sellers again provoke a bearish impulse, the pair will test the fifty percent fibonacci level (356.24 USD). 

LTC / USD

Yesterday, the Litecoin price was unable to gain a foothold above the resistance of 77.70 USD, and when the first sales began at night, the average price level could not hold back the onslaught of the bears. 

The bearish impulse was so strong that it pierced the support of the 100% fibo (69.40 USD), and in the morning the price rebounded to the area of ​​71.00 USD and was able to consolidate a little in a narrow range.  

Today buyers will try to restore the price toarea of ​​the equilibrium line POC (73.73 USD). However, if sellers push through the support of the 100% Fibonacci level, then the price may fall to the area around 64.00 USD. 

EOS / USD

The EOS price was unable to consolidate above the level of the two-hour moving average EMA55 yesterday, and by the end of the day it began to gradually decline. 

Strong bearish momentum in the Asian sessiondropped the price below the support of 4.10 USD and tested the level of 3.65 USD. As of this morning, the price rebounded to the Point Of Control line (4.02 USD), where it was able to gain a foothold in sideways consolidation. 

If buyers are unable to restore the price above the level of 4.10 USD, the pair will again roll back to the area of ​​the local minimum, which was set at 3.62 USD overnight. 

XLM / USD

Yesterday buyers tried to restore the pairXLM/USD from the average price level to the resistance of 0.080 USD. At the end of the day, the Stellar price tested the level of 0.080 USD, and at midnight it collapsed below the POC line (0.072 USD). 

The local minimum is set at 0.067 USD, but it seems that today the decline will continue to the support area of ​​0.065 USD.