June 25, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02.24.2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02.24.2020

Will buyers be able to continue the recovery today?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02.24.2020

On Sunday, shoppers were ablerestore the price above the level of the two-hour EMA55 anduntil the end of the day they tried to overcome the resistance of 400.00 USD. Tonight, on small volumes, they managed to break through the level of 400.00 USD, but in the morning the bearish impulse returned the pair to the area of ​​average prices. 

If the moving average EMA55 keeps the pair from falling to the 50% fib area (356.24 USD), then the attempt to gain a foothold above the psychological level of 400.00 USD will be repeated.   

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02.24.2020

On Saturday, buyers consolidated at the levelaverage prices, and on Sunday they continued to recover. Purchase volumes exceeded the average level, and the LTC price was able to overcome the resistance of 77.70 USD. The growth stopped around the 80.00 USD mark. 

Bearish momentum brought the pair back to support at EMA55.If this moving average keeps the Litecoin price from falling further towards the 100% fibonacci level (69.40 USD), then the bulls will be able to continue to rise. The daily high can be expected in the area of ​​84.00 USD. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02.24.2020

Last Friday, the EOS price was able to maintain balance at the Point Of Control line (4.02 USD), and over the weekend, buyers restored the pair above the resistance of 4.10 USD. 

A local maximum was recorded in the area4.33 USD mark, but as of this morning the EOS price has returned to the two-hour EMA55. If this moving average stops the decline, then buyers will continue to rise to the resistance area of ​​4.666 USD. 

If during the day the bears increase pressure, the price will return to the previous level, to the POC line (4.02 USD). 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02.24.2020

On Sunday, buyers recovered above the average price level, and when trading volumes decreased, the price of Stellar settled in a narrow consolidation under the resistance of 0.073 USD. 

Tonight, the two-hour EMA55 failedsupport and the price fell from a narrow side range to the area of ​​0.070 USD. From this level, buyers could continue to attempt to break above the resistance of 0.073 USD. However, if the bearish pressure intensifies, the price of XLM will fall back to the level of 0.065 USD.