October 27, 2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/08/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/08/2019

If sellers fail to push support levels, then altcoin price increases may resume.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/08/2019

Yesterday, buyers were able to increase volumes above the average level and in the afternoon the price broke through the resistance of 230.00 USD. At night, growth continued and the pair consolidated in the area of ​​235.00 USD.

Today, in the morning, a rollback to the level of 230.00 USD is possible, if it keeps the pair from a further decline, then the recovery may continue to the area of ​​250.00 USD.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/08/2019

Buyers were able to gain a foothold yesterday above the levelaverage prices and increase your market presence. In the evening, the price fixed a maximum at 58.69 USD. After the rollback, the recovery continued, but it is not supported by large volumes and it has not yet been possible to return to the area of ​​yesterday's maximum.

At the next bullish impulse, a re-test of the level of 78.6% Fibo (59.31 USD) is possible, but if trading volumes continue to decline, the price will roll back below the four-hour moving average EMA55.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/08/2019

Last night, recovery above the level of 3.10 USD was supported by large volumes and the price overcame resistance at the level of 3.204 USD.

By the end of the day, the pair rolled back to area 3.174 USD, but at night the daily maximum was updated to the level of 3.270 USD. It is worth noting that the nightly growth took place on declining volumes, so today the pair will roll back to the area of ​​3.10 USD. In our opinion, an hourly moving average EMA55 will be held there today, which will be able to keep the pair from further decline and help to recover in the resistance area of ​​3.30 USD.

If, by the end of the day, bear pressure intensifies, sellers can break through support for the average price level and return the pair to 3.00 USD.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/08/2019

Yesterday, with great difficulty, buyers were able toto break above the ascending orange trend line. It’s not possible to gain a foothold over it. This morning, another attempt was made to consolidate in the area of ​​0.062 USD, but the dashed orange line now acts as resistance, and it has deployed the price of a decline to the area of ​​0.061 USD.

The hourly moving average EMA55 may pause the decline in the pair for some time.

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/08/2019