Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02.27.2020

On small time frames, you can see the first signs of price recovery, but will buyers be able tostop the fall of the market?

BCH / USD

Yesterday the BCH price broke through the support of 320.00 USD and consolidated in a narrow range of $305 – $320. This morning, buyers slightly restored the price and consolidated above the upper limit of the range. 

The half-hour time frame shows that sellers are not allowing the price to recover above the thirty-minute moving average. We believe that during the day the pair will return to the sideways orange range. 

LTC / USD

The bears yesterday broke through the 78.6% fib level (59.31 USD), and after the February low of 57.12 USD, some price recovery can be seen. 

It should be noted that it takes place at smallvolumes and looks rather sluggish. If buyers at this rate are able to restore the pair at least to the area of ​​average prices, then soon the pair will still return to the support of 78.6% Fibonacci. 

If the volume of purchases manages to increase, then a recovery above the resistance of 64.00 USD is possible. 

EOS / USD

Yesterday there was a surge in seller activity. The bears broke through the support of 3.65 USD and set the February low at 3.32 USD. 

Overnight, the EOS price rebounded to level 3.65 USD and is now trying to gain a foothold in the consolidation below it. If purchase volumes can be increased, then buyers will be able to restore the price above this level. 

We believe that today it will not be possible to achieve a significant recovery, and the pair will remain sideways until the end of the day, in the area of ​​3.65 USD. 

XLM / USD

Yesterday, the fall in the price of Stellar continued below the support of 0.060 USD. The monthly minimum is set at 0.056 USD. 

Today, some recovery is possible, and buyers will return the pair to the POC line (0.062 USD). In this area, the market will be balanced and the price will fluctuate in a narrow lateral range.