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

On small time frames, you can consider the first signs of price recovery, but whether buyers can stop the fall of the market?

BCH / USD

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

On the half-hour time frame, it can be seen that sellers do not allow to recover above the thirty-minute moving average. We believe that during the day the pair will return to the lateral orange range.

LTC / USD

Bears yesterday pierced the level of 78.6% Fibo (59.31 USD), and after the February low of 57.12 USD, we can see some price recovery.

It should be noted that it runs on smallvolumes and looks rather sluggish. If buyers at such a pace can restore the pair to at least the average price range, soon the pair will still return to support 78.6% of the Fibonacci.

If the volume of purchases can be increased, then recovery above the resistance of 64.00 USD is possible.

EOS / USD

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

During the night, the price of EOS rebounded to the level of 3.65 USD and is now trying to gain a foothold in the consolidation under it. If the volume of purchases 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 spend sideways until the end of the day, in the area of ​​3.65 USD.

XLM / USD

Yesterday, the Stellar price decline 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.