April 23, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/09/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/09/2019

Today buyers will try to continue the recovery.

BCH / USD

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/09/2019

Yesterday the pair retreated to support230.00 USD. While trading volumes dropped to a minimum and the BCH price hovered in a short flat at the hourly EMA55 level. 

This morning, buyers will try to continue the recovery, but if they fail to increase the volume of purchases, then sellers will return the price to the POC line (222.07 USD)

LTC / USD

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/09/2019

Yesterday, the LTC price rolled back to moving supportaverage EMA55 (56.80 USD). Throughout the night the pair consolidated at the level of average prices. In the morning, trading volumes remain low, but attempts to restore the price are visible. 

If it is possible to organize a bullish impulse, then the price will be able to test the 78.6% fibo (59.31 USD). If sellers push through the EMA55 level, the price will roll back to the Control Point area (55.07 USD) 

EOS / USD

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/09/2019

Trading volumes for EOS decreased significantly yesterday and sellers failed to break through the support of the hourly EMA55. The decline turned into consolidation above the average price level. 

Today, on the same small volumes, buyers are trying to continue the recovery to the resistance area of ​​3.30 USD. This level can turn the pair down towards the area of ​​2.80 USD. 

XLM / USD

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/09/2019

Hourly moving average EMA55 yesterdaysuspended the reduction in the price of Stellar. The pair found support at the level of average prices; today we can expect a repeated recovery to the orange ascending trend line. 

Morning price recovery has not yet been supported by large volumes, but if the bulls increase their presence in the market, a trend line breakout and a resistance re-test of 0.065 USD are possible.