May 27, 2023

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 again tried to restore the price to the blue range, but the lower border of this side corridor turned the pair down.

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

We believe that the efforts of buyers to restore the price will be limited by the hourly EMA55, 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 and rolled back to the support area of ​​23.6% Fibo (33.37 USD) by the end of the day.

At the weekend, buyers tried to restore the price, but could not 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 LTC support to the price, and the pair is again trying to recover, but the volume of purchases is too small, so that buyers cannot break through above the average price level.

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

EOS Weekly Price High SetFriday, March 20, at around 2.50 USD. At the weekend, the price fell sharply below the two-dollar level, however, a high rebound helped buyers stay for a short time above the average price level.

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

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

Last Friday, buyers indicatedStellar weekly high at 0.046 USD. On the same day, the price fell sharply, but was able to bounce off the downtrend and consolidate at average prices.

Currently, consolidation continues on the POC line (0.037 USD), but soon the decline will continue below the purple trend line, to the area of ​​the annual minimum.