Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 09/23/2019

Today some recovery in altcoins is possible

BCH / USD

Yesterday morning buyers triedrecover to the level of average prices, but were unable to test the four-hour EMA55. During the day, a decline began, which stopped at the low point of 302.21 USD. 

Now the pair is consolidating above the POC level (304.71 USD), and today we are expecting another attempt to recover in the area of ​​the moving average EMA55. If the price can overcome this resistance level, the pair will fix in the area of ​​the orange trend line (313.00 USD)

 

LTC / USD

On Sunday, trading volumes for Litecoin decreased, and the pair consolidated in a sideways range below the average price level. 

This morning there is a slight increase in buyer activity, which led to a breakout through the four-hour EMA55. Recovery has so far stalled in the regionControl points(73.87 USD), but if buyers are able to overcome this line, then before the end of the day the pair will test the lower border of the green ascending channel. 

EOS / USD

Yesterday, the EOS price decline continued to the area of ​​3.75 USD. At night, a recovery began, which turned into consolidation at the level of 3.80 USD. 

Buyers are trying to develop what has begunrecovery of the pair, but it is not yet supported by large volumes. If volumes manage to increase, then the price will be able to test the four-hour EMA55 (3.880 USD). 

XLM / USD

Yesterday's decline in the price of Stellar stopped at the support area of ​​0.065 USD. 

Today buyers will try to return the pair to the average price area. If it is not possible to overcome the resistance of the four-hour EMA55, then the pair will continue to fall to the equilibrium price of 0.058 USD.