December 2, 2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/15/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/15/2019

Today the bears can carry out a counterattack, which will roll back the prices of altcoins below the nearest levels support.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/15/2019

On Sunday, the price of BCH rolled back to the localthe minimum around 220.00 USD, and on Monday, without significant volumes, the pair recovered above the average price level and tested the resistance of 230.00 USD.

Buyers could not overcome this resistance, and without much pressure from sellers, at the same small volumes, the price fell below the hourly EMA55.

Today in the morning, the decline may continue to the POC line (222.00 USD). We believe that short-term consolidation is possible at this level.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/15/2019

LTC price consolidates at the beginning of the week in a narrowrange at the level of the hourly moving average EMA55. Yesterday, trading volumes were low, so the LTC / USD pair did not respond to the growth of top altos such as Ethereum and Ripple.

Today, there is a slight decrease in prices, if the pair falls out of the lateral range, we believe that the decline will stop in the area of ​​the POC line (55.05 USD).

If the lower border of the sidewall keeps the pair flat, consolidation will continue until tomorrow.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/15/2019

On Monday, the price of EOS was able to stay higherhourly level EMA55. The pair made the Altai company from the top three in terms of capitalization and showed an impulse recovery to the nearest resistance level of 3.20 USD.

Tonight the couple returned to their previous level andtrying to gain a foothold in the field of average prices. If sellers do not begin to push into the area of ​​3.05 USD, then there is a chance of continued recovery to the resistance area of ​​3.30 USD.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/15/2019

Stellar Lumen was a member of the group on Mondayaltos that showed growth. The price broke through the resistance of 0.065 USD and set the October maximum at 0.067 USD. The pair failed to gain a foothold in the maximum zone.

At night, sellers rolled back a pair below the level of 0.065 USD and today the price will return to the area of ​​average prices. If the bearish pressure does not weaken, the pair may fall back to the support area of ​​0.060 USD.