Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/13/2020

The fall in shares of cryptocurrency companies negatively affected the market sentiment of traders. Some pricesaltcoins have reached three-year lows.

BCH / USD

Our hopes are that the wide blue corridor$230 – $260 will be able to stop the decline in the price of BCH, which did not materialize. The pair broke through all the nearest support levels and set the yearly minimum at 141.11 USD. 

In the morning, market volatility still remained quite high, and the price rebounded to the lower border of the blue corridor, but failed to gain a foothold at the level of 230.00 USD. 

Volatility has now started to declineand the pair is gradually consolidating near the support of 170.00 USD. If the cryptocurrency market does not stabilize today, the decline may reach the level of 120.00 USD. 

LTC / USD

The 38.2% fibonacci support did not keep the Litecoin price from falling rapidly. At night, the bears broke through the next level of 23.6% fibo (33.37 USD) and set the yearly minimum at 24.53 USD. 

The rebound was quite high, and the LTC price was able toconsolidate above the 23.6% Fibonacci level. If the bears resume pressure, then by the end of the week the pair may roll back to the December 2018 support at 22.25 USD. 

EOS / USD

Yesterday there was a rapid drop in the price of EOSpaused at 2.10 USD. At night, sales volumes increased again and the price broke through the bottom of 2018, setting a three-year low at 1.42 USD. There has not been such a deep decline since 2017. 

This morning, the price of EOS recovered in the areamarks 2.10 USD, but to consolidate in this area did not work, and the pair fell below a two-dollar level. Today we expect a decrease in market volatility and the consolidation of the pair in the region of 1.80 USD.

XLM / USD

The price of Stellar Lumen has broken through the low of 2019 (0.042 USD) and set a new record for rapid decline at 0.025 USD. The last time the price dropped below this level was only in September 2017. 

In the morning, the price recovered a little, but it still does not work out to stay in the area of ​​0.040 USD. By the end of the week, the pair will roll back to the zone of the indicated minimum.