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

Yesterday activitymarket was not high, but buyers were able to restore the price of BCH to the hourly moving average EMA55. 

Overnight, the average price level turned the pair downward, and this morning the price returned to the recent low. During the day, the decline will continue to the support level of 23.6% fib (206.95 USD). 

LTC / USD

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

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

EOS / USD

Yesterday morning, buyers restored the EOS price 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 throughout the night. 

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

XLM / USD

Yesterday morning, buyers began to restore the XLM/USD pair 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 purchase volumes. In the morning, sellers seized the initiative and pushed buyers below the average price level. 

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