Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/19/2020

Can buyers today break through the upper limit of the lateral range?

BCH / USD

Yesterday strong bearishthere was no pressure, trading volumes continuedcontract, and the BCH price slowly fell back to the support of 170.00 USD. In the second half of the day, buyers on the same small volumes restored the price to the hourly EMA55 area. Thus, consolidation in the area of ​​average prices continued, but the range of consolidation narrowed significantly. 

We believe that the probability of a breakthrough to level 23.6% fib (206.95 USD) is still maintained. If buyers find the strength to increase volumes, the pair may break through the two hundred dollar resistance level. 

However, we believe that it will be difficult to gain a foothold in the resistance area of ​​23.6% Fibo (206.95 USD). Most likely, before the end of the week we expect a rollback to support of 120.00 USD.

LTC / USD

The Litecoin price yesterday remained above the 23.6% fibo level (33.37 USD) and continued consolidating in a sideways range. Tonight the pair tested the POC line (34.88 USD). 

If buyers increase volumes, they will be able to exit the sideways range and test the resistance of the 38.2% fib (40.26 USD). 

On the other hand, sellers can initiatea decrease in the mark of 28.00 USD directly from the average price level, not allowing buyers to seize the initiative in the upper boundary of the side corridor.

EOS / USD

Yesterday, the EOS price consolidated above the hourly moving average EMA55. However, on such small volumes, buyers are unable to restore the price above the Point Of Control line (2.022 USD). 

If we manage to increase volumes, then it is possiblebreakout above resistance 2.20 USD. On the other hand, sellers can push through the support of the moving average EMA55 and roll the price below the level of 1.80 USD. 

XLM / USD

Yesterday, buyers restored the price to the descending purple trend line. This morning they managed to break through this resistance and gain a foothold at the two-hour EMA55. 

If recovery can continue, then a coupletesting the mark of 0.045 USD. If sellers do not allow to gain a foothold above the down trend line, then the price of Stellar by the end of the week may fall back into the zone of the annual minimum.