Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02.21.2020

At the end of the current week, monthly lows may be updated.

BCH / USD

Yesterday the BCH price failedconsolidated in the sideways trend and the decline continued tothe fifty percent Fibonacci level (356.24 USD). Tonight, buyers are trying to return the pair to the average price area from this support level. 

If they manage to overcome it during the daytwo-hour EMA55, the pair may consolidate above the psychological mark of 400.00 USD. Otherwise, we can expect a renewal of the February minimum in the area of ​​310.00 USD over the weekend.

LTC / USD

Yesterday, sellers managed to push through the support of the 100% Fibonacci level (69.40 USD) and at the end of the day set the February minimum at 65.77 USD.

During the Asian session, buyers have restored the LTC price above the 100% Fibo level and are trying to consolidate in the area of ​​average prices. If they succeed, they have a chance to continue the recovery.

However, if the bears resume pressure and the pair returns to yesterday's minimum, then a retest of the 78.6% Fibonacci level (59.31 USD) is possible at the beginning of next week.

EOS / USD

Yesterday, the price of EOS managed to consolidate in the areaPOC line (4.02 USD). Trading volumes have significantly decreased and sellers have tried to continue the decline with limited forces, but they have not managed to update the February minimum of 3.62 USD.

At night, buyers took over the initiative andattempted to return the price above the level of 4.10 USD. This growth was not supported by large volumes and now the price is finding it quite difficult to consolidate above the orange support of 4.10 USD.

If sellers roll back the price below the Point Of Control line (4.02 USD) today, then at the end of this week the pair may update the monthly minimum in the area of ​​3.30 USD.

XLM / USD

Trading on Stellar yesterday took place on decreasing volumes and sellers did not achieve a significant rollback.

Tonight during the Asian session, buyers restored the XLM price to its previous level and are trying to gain a foothold in the area of ​​average prices.

Since the volumes have not grown significantly, there isthe probability that there will be difficulties with breaking through the resistance of 0.073 USD. If this resistance level reverses the pair to decline, then for Stellar the next week will start from the POC line (0.062 USD).