Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.17.2019

Yesterday, prices reached strong support levels from which some recovery is possible.

BCH / USD

Yesterday morning trading volumes were low, and the price slowly rolled back to the line Control points (222.00 USD). Then the pressure of the bears increased and a strong impulse knocked the pair out of the area "equilibrium price". An intensive decline began, which stopped near the support of 214.00 USD.

In this area, the price is consolidated in the morning atnarrow corridor. While the volumes are below the average level, the pair will continue lateral dynamics. If buyers seize the initiative, they can quickly restore the pair to the level of average prices (220.00 USD).

However, soon the decline may resume to the support level of 23.6% Fibo (206.95 USD).

LTC / USD

Yesterday afternoon, the pair sank to support 54.00 USD, but this level could not cope with the bearish onslaught, and the price of LTC fell to a stronger level of 61.8% Fibo (51.38 USD). Sellers pierced this support several times and set the October low at 51.18 USD.

We believe that today this level of support will not allow the price to sink into the minimum zone. If customers increase volumes, the pair will continue to recover in the area of ​​EMA55 (54.00 USD).

EOS / USD

Yesterday morning priceconsolidated around 2.95 USD. Another surge in sellers' activity rolled back the price to support 2.90 USD. The bears did not manage to update the weekly low at the point of 2.818 USD, which was indicated this Tuesday.

This morning, the pair may recover above average prices. We believe that buyers will be able to gain a foothold on the POC line (2.96 USD) and hold back their positions until the end of the day.

XLM / USD

Price Stellar Lumen announced last nightweekly low at around 0.060 USD. Over the night, the couple was able to recover well and continue to grow in the morning. We believe that today the pair will return to the area of ​​0.064 USD for a short time, but will be able to consolidate in consolidation at the level of 0.063 USD.