Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/07/2019

If buyers are unable to increase volumes, the recovery will be completed near the next levels resistance

BCH / USD

On Sunday, sellers recorded a weekly low of 214.97 USD, but the price stayed sideways and recovered to the hourly EMA55.

This morning, buyers tried to swing the price the other way, but the pair again returned to the POC level in the region of 222.00 USD. After bursts of activity, trading volumes are falling below the average.

If buyers are able to increase volumes today, then the price will be able to test the resistance of 230.00 USD. On small volumes, consolidation near the level of average prices will continue.

LTC / USD

Over the weekend, sellers pierced support at 54.00 USD and set a weekly low at 53.08 USD. Despite large sales, the price easily returned to Control point (55.07 USD).

Tonight, the pair repeated a decline to a minimum point, but without much support for volumes. In the morning, the flat continued returning to POC lines (55.07 USD).

If today buyers cannot gain a foothold above the level of the hourly moving average EMA55, then the bearish impulse may repeat, but with a minimum in the area of ​​support of 61.8% Fibo (51.38 USD).

EOS / USD

The price of EOS continues to consolidate within the already familiar two-week side range. After a pullback below the hourly EMA55 level, a recovery to the area of ​​3.10 USD is expected.

If buyers can provoke large trading volumes, the pair will test the level of 3.204 USD.

XLM / USD

On Sunday evening, sellers recorded a weekly low at 0.057 USD. Tonight, the buyers had good volumes, and the pair continued to recover above the watch's EMA55.

During the day, a re-test of the orange trend line in the area of ​​0.062 USD is possible. This line can offer resistance, and the pair will return to the level of average prices by the end of the day.