June 25, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/11/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/11/2020

If sellers increase the pressure today, prices will return to the March low.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/11/2020

Yesterday, the price of BCHIt has consolidated above the upper boundary of the blue range of $230 – $260.On the hourly timeframe, it can be seen that buyers cannot overcome the resistance of the moving average EMA55. 

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/11/2020

If the POC line (268.88 USD) provides support today, the price couldtest the 38.2% Fib level (289.51 USD).If the bears manage to push through the support of 260.00 USD, the pair will continuelateral movement, but in a new "channel" of the blue corridor. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/11/2020

Yesterday, buyers tried to continue the recovery of the LTC/USD pair, but their efforts were limited by the 61.8% Fibonacci level.By the end of the day, the pair rolled back to the area of 50.00 USD and is now trying to stay at this level. 

If the selling pressure intensifies, the Litecoin price will roll back to the support of the fifty% Fibonacci level (45.82 USD). 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/11/2020

Despite yesterday's attempt by sellers to push the EOS price below $3 per coin, buyers kept the price in a narrow consolidation in the support area of 3.05 USD. 

Sales volumes yesterday were at an average level, but if sellers canIf they increase, the price may roll back to the March low of 2.86 USD. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/11/2020

Yesterday, buyers held the price of Stellar above the descending trend line, but their efforts were limited by the resistance of 0.053 USD.Over the course of the day, on small volumes, they managed to puncture thispurple level, but until this morning the pair remained in a narrow side corridor. 

Pressure from sellers may intensify today and the price will drop below the trend line to the area of ​​the recent low of 0.048 USD.