Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 09/29/2019

Restoration of altcoin prices from the formed side corridor is possible to the level of the nearestresistance.

BCH / USD

Last night the pair recovered to resistance230.00 USD. At night, a weak attempt was recorded to break through this level, but in the morning the price again rolled back to the support area POC (221.25 USD). Now the price is consolidating in a narrow range below the hourly EMA55 level. 

At the end of the day, a drawdown to the 210.00 USD mark is possible, and from next week the pair may recover to the four-hour EMA55, which is now located around the 250.00 USD mark. 

LTC / USD

Yesterday, the LTC price broke through the resistance of the hourly EMA55 (55.35 USD) several times, but has not yet been able to break above this average price level. 

Today the pair rolled back to the support of 54.00 USD, and if buyers manage to increase purchase volumes, then a re-test of the resistance level of 78.6% fib (59.36 USD) is possible early next week. 

It is difficult to say whether the bulls will be able to continue to restore the price to the resistance of 64.30 USD; there is a high probability of a reversal to a decline from the level of 78.6% of the Fibonacci.

 

EOS / USD

After a re-test of the hourly EMA55, the pair managed to gain a foothold at this average price level. This morning the price rolled back below the POC line (2.80 USD). 

If buyers can take advantage of thissupport, then next week a re-test of resistance of 3.30 USD is possible. This is a reversal level, from which the decline to the September low may resume.

XLM / USD

Since Thursday, the pair has consolidated in a narrowing range near the levelControl Points (POC)IndicatorProfile Volumes (VP). 

Over the weekend, the pair dipped slightly below the support of 0.058 USD, but at the beginning of next week a recovery to the resistance of 0.065 USD is possible.