March 28, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/23/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/23/2020

If buyers are unable to recover above the average price level, the decline in the altcoin market will continue.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/23/2020

Last Saturday, buyers once again tried to restore the price to the blue range, but the lower border of this side channel turned the pair downward. 

On Sunday, the pair rolled back below the average price level and is now consolidating in the support area of ​​23.6% fib (206.95 USD). 

We believe that buyers' efforts to restore the price will be limited by the hourly EMA55 level, and in the near future the price will roll back below the Point Of Control line. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/23/2020

Last week, on Friday, the price set a weekly high around 44.00 USD and by the end of the day rolled back to the support area of ​​23.6% fib (33.37 USD). 

 Over the weekend, buyers tried to restore the price, but were unable to test the resistance level of 38.2% fibo (40.26 USD), and the pair rolled back below the hourly moving average EMA55.  

Tonight the POC line (35.54 USD) provided support to the LTC price, and the pair is trying to recover again, but the purchase volumes are too small, so buyers cannot break above the average price level yet. 

If volumes manage to increase, then the price will gain a foothold over the hourly EMA55. However, we believe that short-term consolidation will take place in the region of 23.6% FIBO (33.37 USD).

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/23/2020

The weekly high price of EOS has been setFriday, March 20 around the 2.50 USD mark. Over the weekend, the price fell sharply below the two-dollar level, but the high rebound helped buyers briefly stay above the average price level. 

At the end of the week, the pair sank below the support of 2.20 USD and we believe that today the pullback may continue to the support of 1.80 USD. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/23/2020

Last Friday, buyers indicatedthe weekly maximum price of Stellar is at 0.046 USD. On the same day, the price fell sharply, but was able to rebound from the downward trend line and consolidate in consolidation at the level of average prices. 

 At the moment, consolidation continues at the POC line (0.037 USD), but soon the decline will continue below the purple trend line, to the area of ​​the yearly minimum.