Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03.24.2020

Today, a new bullish momentum is possible, after which we can expect a sharp decline in prices.

BCH / USD

Yesterday watch EMA55 could not restrain the efforts of buyers, and the price of BCH consolidated above the level of average prices.

Buyers persistently continue to try to break into the blue corridor of $ 230 - $ 260, but the price increase is still taking place on small volumes, so the pair can not break through the lower border of the corridor.

Today, attempts to restore the price will continue. With a strong bullish momentum, buyers will be able to test the upper limit of the range of 260.00 USD. When purchases begin to decline, the price will return to the POC line.

LTC / USD

Buyers yesterday managed to increase volumes and gain a foothold above the level of average prices.

The pair came close to resistance 38.2% Fibo (40.26 USD) and now a new impulse is forming that can allow the LTC price to test the fifty-percent fibonacci level (45.82 USD). In this area, a reversal and a sharp decline in the pair is possible to support 23.6% Fibo (33.37 USD).

EOS / USD

Yesterday, buyers managed to break above the level of 2.20 USD and gain a foothold in the narrow consolidation above the EMA55.

Today, a re-test of the resistance of 2.60 USD is possible. We believe that this level will expand the pair to decline and the price of EOS in the second half of the week will fall below the two-dollar level, near which the supply and demand of the market have been balanced all last week.

XLM / USD

Yesterday, in the morning, the price of Stellar suspended a decline in the region of 0.036 USD. After a brief consolidation, buyers were able to recover a pair above the level of a two-hour EMA55.

If today they manage to continuerecovery on large volumes, the pair could test the psychological mark of 0.050 USD. However, we believe that already in the second half of the week, the price of Stellar will return to the area of ​​the purple downtrend.