Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/05/2020

If buyers are able to show activity today, the price recovery will continue to the nearest levels.Resistance.

BCH / USD

Market activity was low yesterday and the price of BCH did notwas able to overcome the average price level. During the day, trading volumes continued to decrease and the pair rolled back into the orange corridor $305 - $320.

Buyers restored the price during the Asian sessionabove the POC indicator line (325.35 USD) and broke through the resistance of the three-hour EMA55. Today, we expect the pair to meet support at the level of average prices and recover to the 50% Fibonacci area (356.24 USD).

LTC / USD

Yesterday's attempt to overcome resistancemoving average EMA55 and break through to the 64.00 USD mark was again unsuccessful. Sellers rolled back the Litecoin price to the 78.6% Fibonacci support level (59.31 USD).

At night, buyers again tried to break through the average price level. At the moment, the three-hour EMA55 is holding back further growth.

If the POC indicator line has a pairsupport, then buyers will be able to test the resistance of 64.00 USD, and if the auction will be quite active, then there is a possibility that the price will reach 66.00 USD.

EOS / USD

Yesterday, buyers were unable to increase volumes and the EOS price remained in a narrow sideways range, the upper boundary of which is the three-hour EMA55, and from below the pair is held by the POC line (3.58 USD).

Today I would like to see support from level 3.65 USD. In this case, buyers could restore the price to the mark of four dollars per coin, and with high activity they could test the resistance of 4.10 USD.

XLM / USD

Trading volumes were down yesterday and the price was unable toovercome the purple trend line. Tonight, buyers managed to break through the resistance of the average price level and gain a foothold in the area of ​​0.060 USD. 

During the day, we count on the support of a three-hour EMA55 and a break above the POC indicator line (0.062 USD). We believe that a local maximum is possible in the area of ​​orange resistance of 0.065 USD.