June 18, 2024

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

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

Yesterday in the first half of the day, trading volumes were low, and the price slowly rolled back to the lineControl points(222.00 USD). Then the bearish pressure 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 has been consolidating in the morningnarrow corridor. As long as volumes are below the average level, the pair will continue to move sideways. If buyers take the initiative, they will be able to quickly restore the pair to the average price level (220.00 USD).  

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

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.17.2019

Yesterday afternoon the pair sank to support 54.00 USD, but this level failed to cope with the bearish onslaught, and the LTC price fell to a stronger 61.8% fib level (51.38 USD). Sellers broke through this support several times and set the October low at 51.18 USD. 

We believe that today this support level will prevent the price from sinking to the minimum zone. If buyers increase volumes, the pair will continue to recover to the area of ​​the hourly EMA55 (54.00 USD).  

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

Yesterday morning priceconsolidated around the 2.95 USD mark. Another surge in seller activity pushed the price back to support at 2.90 USD. The bears failed to update the weekly low at 2.818 USD, which was set this Tuesday. 

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

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.17.2019

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.