Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02.28.2020

Today, altcoin prices will consolidate in narrowing sideways ranges.

BCH / USD

Yesterday buyers could not recover the price abovemarks 333.00 USD. In the afternoon, trading volumes began to decline, and the price fell back from the daily maximum. By the end of the day, the bearish momentum returned the pair to support 320.00 USD.

This morning the couple returned in lateral orangerange $ 305 - $ 320. During the day, the consolidation of the pair will continue. A re-test of the lower limit of the range of 305.00 USD is possible, and recovery will be limited to a two-hour EMA55.

LTC / USD

Yesterday, buyers were able to restore the priceLitecoin is above the resistance of 64.00 USD and set a local maximum at 65.43 USD. However, it was not possible to gain a foothold in the zone of the daily maximum. In the morning, the pair returned to support 78.6% of the Fibonacci.

We believe that today price consolidation in this wide range will continue. During the day, the amplitude of the oscillations will decrease and the lateral range will begin to narrow.

EOS / USD

EOS price consolidated yesterday in consolidation inarea of ​​the level of 3.65 USD. In the afternoon, buyers were able to fix a maximum at the point of 3.74 USD, but it did not work out above the 3.65 USD line until the morning.

Today the price has rolled back to the area of ​​3.50 USD and will try to maintain lateral movement until the end of the day, however, on the weekend it may continue to decline to support 3.30 USD.

XLM / USD

Yesterday, the Stellar price recovered to the POC line (0.062 USD) and tried to gain a foothold in this area. It was not possible to stay long in the area of ​​the Point Of Control indicator line. This morning the pair has rolled back below the support of 0.060 USD.

We believe that today the decline will be limited to the level of 0.058 USD, and thus the sideways movement of the pair will continue. Buyers' recovery will be within the POC line (0.062 USD).