December 1, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/26/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/26/2020

Today, buyers are expected to break through to the target reversal levels.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/26/2020

Yesterday's buyers a little bitWe increased the volume of purchases, but failed to break through the lower border of the blue corridor.In response, the sellers pulled the pair back below the level of average prices.When the volumes decreased, the pair was able to hold in the consolidation in the area of the hourly EMA55. 

This morning, the attempt to enter the blue corridor was repeated again, but at very low volumes.We believe that the approach to the upper border of the blue corridor is still relevant. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/26/2020

Yesterday, buyers continued to try to gain a foothold above the 38.2% Fib level (40.26 USD), but the bears pushed the LTC price below the hourly moving average EMA55.In the evening, sales decreased and the pair was able to gain a foothold in the area of average prices. 

We believe that there is still a chance to test the 50% Fibonacci level (45.82 USD).

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/26/2020

Yesterday, sellers tried to push through the average price level, but the pair was able to cling to the hourly EMA55 and stay in a narrow consolidation. 

 Today, we expect buyers to take active actions that will be aimed at re-testingresistance 2.60 USD. 

 
XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 03/26/2020

Yesterday, sellers broke through the support of the two-hour EMA55, but the pair was able to maintain the upward dynamics in a narrow corridor above the average price level. 

If buyers manage to increase the volume of purchases, the price will set a weekly high around the psychological mark of 0.050 USD. 

If the bears increase the pressure today, they will sell the price below the POC indicator line, to the support area of ​​0.035 USD.