Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/06/2020

Can altcoins continue to grow today?

BCH / USD

Yesterday, the BCH price fixed above the three-hour EMA55. Until the morning, the moving average kept the price in consolidation, and today, at some very small volumes, buyers want to test the 50% Fibo level (356.24 USD).

If volumes can be increased even a little, then the price will break through the fifty-percent fibonacci level and set a maximum in the region of 370.00 USD.

If it does not work out to increase volumes, then sellers will return the pair to the equilibrium price on the POC line (325.35 USD), and at the end of the week the price may fall back into the orange corridor of $ 305 - $ 320.

LTC / USD

Yesterday, trading volumes were below average. Buyers have fixed on the POC line, but there is still not enough strength to test the resistance of 64.00 USD.

If the volume of purchases can be increased, thena breakthrough to the region of 66.00 USD is possible, and if activity remains low, the price will fall below the level of 78.6% Fibo (59.31 USD), and at the weekend the bears can return the price to the support of January 54.00 USD.

EOS / USD

Yesterday, the level of 3.65 USD supported the pair and the price of EOS was able to break above the three-hour EMA55.

Buyers Can't Reach Yetfour-dollar milestone, but if today the cryptocurrency flagship will show growth, then EOS will overcome the bar of four dollars per coin. A weekly maximum is possible in the area of ​​4.10 USD.

Over the weekend, the EOS price may return to the equilibrium price on the POC line (3.57 USD).

XLM / USD

Yesterday, the three-hour moving average EMA55 kept Stellar's price in consolidation. Buyers tried by small forces to test the POC line (0.062 USD), but did not succeed.

If today it is possible to increase volumes, thenPossible growth in the resistance area of ​​0.065 USD. If the market sentiment is pessimistic, then by the end of the week the pair may roll back to the support of 0.053 USD.

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