Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.10.2019

Bulls reached reversal levels yesterday. What support can we expect today to decline?

BCH / USD

Yesterday afternoon, buyers were able toincrease volumes, and the BCH/USD pair broke out of the short-term flat at the level of average prices. In the evening, the price updated its October high to 241.85 USD, and towards the end of the day it consolidated with support at 237.00 USD. 

At night the price dipped a little more, but stronglyThere is no pressure from sellers yet. During this time, the pair could continue to recover, but the Stoch RSI indicator on the six-hour time frame is forming a downward signal. It is unlikely that buyers will have time today to update yesterday's maximum. If the price falls below the hourly EMA55, the rollback will continue to the support area of ​​230.00 USD. 

LTC / USD

Yesterday, bullish momentum allowed the Litecoin price to break through the resistance level of 78.6% fibo (59.31 USD). The October maximum is set around 60.00 USD. 

As soon as trading volumes decreased, the pair immediatelyit rolled back below the fibonacci level of 78.6%. We believe that this line is indeed a reversal level, and if the bulls show passivity today, the pair will roll back below the hourly moving average EMA55. 

EOS / USD

Yesterday, buyers' attempts to continue recovery to the area of ​​3.30 USD were supported by large volumes. The EOS price broke through the resistance level and set a high at 3.37 USD. 

This morning the pair has rolled into the areaSentinel EMA55. The rollback took place on declining volumes, and if the bears increase pressure today, they will break the support of the average price level and return the pair to the area of ​​three dollars.

XLM / USD

Last night the bulls increased their presence bymarket and pierced the upward orange trend line. At the moment of bullish impulse, it was possible to test the resistance of 0.065 USD. The maximum was fixed at 0.066 USD. 

To gain a foothold above the trend line support is notmanaged. The decline in volumes led to a rollback to the region of average prices. This morning, the decline continues to the area of ​​0.060 USD. The most likely level of support, with increasing bear pressure, may be on the POC line (0.058 USD).