July 22, 2024

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 may launch a counterattack that will roll back altcoin prices below the nearest levelssupport.

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 localminimum in the area of ​​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 were unable to overcome this resistance, and without much pressure from sellers, on the same small volumes, the price rolled back 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 at the beginning of the week is consolidating in a narrowrange at the level of the hourly moving average EMA55. Yesterday, trading volumes were at a low level, so the LTC/USD pair did not react to the growth of top alts such as Ethereum and Ripple. 

Today there is a slight decline in price; if the pair falls out of the sideways range, we believe that the decline will stop near the POC line (55.05 USD). 

If the lower border of the sideways trend keeps the pair in a flat, then the consolidation will continue until tomorrow. 

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

On Monday, the EOS price managed to stay higherhourly EMA55 level. The pair joined alts from the top three in terms of capitalization and demonstrated 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 area 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
    

On Monday, Stellar Lumen was part of the groupalts that showed growth. The price broke through the resistance of 0.065 USD and set the October high 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.