Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.20.2019

Today, after some market recovery, the decline may continue.

BCH / USD

Friday bearsset a weekly low around 208.00 USD. Buyers did not give the opportunity to test the support of the 23.6% fibo (206.95 USD) and restored the price to the hourly EMA55. 

On Saturday, all attempts by buyers to break through the levelaverage prices were unsuccessful. Today, in the absence of large volumes, the decline may continue and the price will reach the 23.6% fib level (206.95 USD). Further decline will stop. 

LTC / USD

Yesterday buyers tried to break above the levelaverage prices. They managed to organize a short-term price surge, which broke through the hourly EMA55 and tested the resistance of 54.00 USD. However, it was not possible to stay above the moving average EMA55. 

Tonight, sellers resumed pressure, and the pair retreated below the average price level. During the day, a decrease to the line is possibleControl points(52.25 USD). In this area, the price may consolidate in consolidation. 

EOS / USD

Yesterday, buyers overcame the resistance of the hourly EMA55, but they were unable to gain a foothold above the average price level. 

Today, around the 2.85 USD mark, the EOS price found support, and during the day we can expect an attempt to recover above the moving average EMA55. 

If trading volumes remain lowlevel, then until the end of the week the pair will consolidate below the level of average prices, and if purchase volumes manage to increase, then a re-test of the POC line (2.95 USD) is possible. 

XLM / USD

Since the beginning of October, the price of Stellar has been showingpositive dynamics. The pair never fell below the orange trend line. Yesterday, after a retest of this support line, the pair began to show signs of recovery. 

We believe that recovery may be limited.level of average prices. If sellers repeat the same strong bearish onslaught as yesterday, they will be able to push the trend line of support and roll the pair back to the area of ​​0.060 USD.