Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/16/2019

Altcoin prices stabilized after yesterday's bearish momentum

BCH / USD

Yesterday the POC level (222.00 USD) could not keep the price of Bitcon Cash ABC from a minimum at 217.00 USD. However, the pair was recovering intensely tonight and returned to the hourly EMA55 level.

In the morning there is a slight decrease - we believe it is directed to the equilibrium price zone on the Control Point line (222.00 USD). Perhaps in this area the pair intends to gain a foothold in the consolidation.

LTC / USD

The POC level (55.05 USD) could not stop the bearish impulse, which rolled the Litecoin price to support 54.00 USD. The fluctuations in the price of LTC from yesterday's powerful impulse began to fade only this morning.

The pair managed to gain a foothold on the control point line(55.05 USD). In the morning, while trading volumes are low, the price will continue to consolidate in this area. In the evening, the price of LTC will again fall to the support of 54.00 USD.

EOS / USD

Yesterday in the morning, buyers kept the EOS price below the hourly EMA55. In the evening, a strong bearish impulse broke through the support of 3.05 USD and set a daily minimum around 2.82 USD.

The rebound was quite high, the pair managed to stabilize at 2.97 USD. Today we should expect consolidation in the range of $ 2.93 - $ 3.00

XLM / USD

Yesterday, the bearish pressure intensified, and the price of Stellar Lumen retreated from the level of 0.065 USD to the area of ​​the POC line (0.062 USD). Over the past night, buyers have restored a pair in the region of average prices.

Today, at the hourly EMA55 level, pair consolidation is possible. Moving average will not be able to keep XLM price in flat for a long time. Soon, the decline may resume to the level of 0.060 USD.