June 18, 2024

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

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

Can altcoins continue to grow today?

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

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

If volumes manage to increase even slightly, the price will break through the fifty percent Fibonacci level and set a maximum around 370.00 USD. 

If it is not possible 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 roll back into the orange corridor of $305 – $320. 

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

Yesterday trading volumes were below average. Buyers have consolidated above the POC line, but do not yet have the strength to test the resistance of 64.00 USD. 

If purchase volumes can be increased, thena breakout to the area of ​​66.00 USD is possible, and if activity remains low, the price will roll back below the 78.6% fib level (59.31 USD), and over the weekend the bears may return the price to the January support of 54.00 USD. 

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

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

Buyers cannot yet reachthe four-dollar mark, but if today the cryptocurrency flagship demonstrates growth, then EOS will also surpass the four-dollar mark 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 / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/06/2020

Yesterday, the three-hour moving average EMA55 kept the Stellar price in consolidation. Buyers tried with little effort to test the POC line (0.062 USD), but were not successful. 

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.