September 19, 2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/18/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/18/2019

In the morning, the market began to decline, which will return prices to the zone of weekly lows.

BCH / USD

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/18/2019

Activity yesterday The market was not high, but buyers were able to restore the price of BCH to the hourly moving average EMA55.

At night, the average price level turned the pair down, and this morning the price returned to the zone of the recent low. Throughout the day, the decline will continue to the support level of 23.6% Fibo (206.95 USD).

LTC / USD

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/18/2019

Yesterday, from the consolidation zone over support 52.00 USD, the price of LTC was able to recover above the average price level and break through the resistance of 54.00 USD. However, intensive recovery was not supported by large volumes, so buyers could not keep the price above the hourly EMA.

In the morning, a decline began, which will return the price of LTC to the level of 61.8% Fibo (51.38 USD). We believe that today the bears will not be able to push this strong level of support.

EOS / USD

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/18/2019

Yesterday morning, buyers restored the price of EOS to the POC line (2.96 USD). Trading volumes were low and the pair was able to gain a foothold there in a narrow consolidation all night.

This morning, a weak bearish impulse triggered a pair decline to the area of ​​2.90 USD. If sellers continue to put pressure on the price, then a rollback to support of 2.80 USD is possible.

XLM / USD

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/18/2019

Yesterday morning, buyers began to recover the pair XLM / USD and were able to test the resistance of 0.065 USD, which limited further price growth.

At night, buyers tried to continue the recovery, but failed to increase the volume of purchases. In the morning, sellers seized the initiative and drove buyers below average prices.

Today, the decline will continue to the orange trend support line. We believe she will be able to stop the fall of Stellar.