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

Recovery of altcoins prices from the formed side corridor is possible to the level of the nearest resistance.

BCH / USD

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

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

LTC / USD

Yesterday, the price of LTC pierced the resistance of the EMA55 (55.35 USD) several times, but it has not been possible to break above this level of average prices.

Today the pair has rolled back to support 54.00 USD, and if buyers manage to increase the volume of purchases, then at the beginning of next week a re-test of the resistance level of 78.6% Fibo (59.36 USD) is possible.

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 watch EMA55, the pair managed to gain a foothold at this level of average prices. This morning the price fell 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 fixed in a tapering range near the level Control Points (POC) indicator Profile 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.