June 25, 2024

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, the 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 above the level yesterdayaverage prices and increase its presence in the market. In the evening the price recorded a maximum at 58.69 USD. After the rollback, the recovery continued, but it was not supported by large volumes and it has not yet been possible to return to the area of ​​yesterday's high. 

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, the recovery above the 3.10 USD level was supported by large volumes and the price overcame the resistance at 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 3.270 USD. It is worth noting that the overnight growth took place on declining volumes, so today the pair will roll back to the area around 3.10 USD. In our opinion, the hourly moving average EMA55 will pass there today, which will be able to keep the pair from further decline and help recover to the resistance area of ​​3.30 USD.  

If bearish pressure intensifies before the end of the day, then sellers may break through the support of the average price level and return the pair to the area of ​​3.00 USD. 

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

Yesterday, with great difficulty, buyers managedbreak above the ascending orange trend line. It is not possible to gain a foothold over it yet. This morning, further attempts were made to consolidate in the area of ​​0.062 USD, but the dotted orange line now acts as resistance, and it turned the price down to the area of ​​0.061 USD.  

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

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