May 20, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03.20.2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03.20.2020

If today customers will be able to increase volumes, they will continue to restore prices.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03.20.2020

YesterdayBullish bullish bullish bulls broke through the 23.6% Fib level (206.95 USD) and at the end of the day marked a local high around 239.00 USD. 

At night, after a shallow pullback, buyers tried to continue the BCH price recovery, but the resistance at 230.00 USD did not allow the price to enter the blue side corridor until the morning. 

Today, attempts to continue growth will be repeated on more modest volumes.Break through the lower border of the blue channel and test its upper border. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03.20.2020

Yesterday, buyers seized the initiative near the upper border of the horizontal corridor and by the end of the day broke through the resistance of the 38.2% Fib level (40.26 USD).At night, the volumes decreased, and the price failed to gain a foothold above this level, but today the attempts to grow will be repeated. 

If buyers are able to increase the volumes, then the daily high should be expected in the area of 44.00 USD.If it fails to break through the resistance of the 38.2% Fibonacci level, the pair will roll back to the hourly moving average EMA55. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03.20.2020

A single bullish impulse was able to break through the resistance of 2.20 USD yesterday and mark a local high around the level of 2.40 USD.After the volume decreased, the pair hovered in the area of 2.30 USD. 

If buyers continue to advance today, they will break through the night high zone and testLevel 2.60 USD. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03.20.2020

Yesterday, buyers managed to continue the recovery and set a daily high at 0.043 USD.Today, the growth may continue. 

According to the most optimistic forecasts, recoverywill not exceed the mark of 0.050 USD. With moderate growth, at medium volumes, the pair can test the mark of 0.047 USD. A subsequent rollback will return prices below the POC line (0.037 USD).