September 22, 2020

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

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

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

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.20.2019

Bears on friday set a weekly low at around 208.00 USD. Buyers did not give the opportunity to test the support of 23.6% Fibo (206.95 USD) and restored the price to the hourly EMA55.

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

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.20.2019

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

Last night, sellers resumed pressure and the pair rolled below average prices. During the day, a decrease to the line is possible Control points (52.25 USD). In this area, the price may consolidate in consolidation.

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

Yesterday, buyers overcame the resistance of the EMA55, but they could not gain a foothold above the average price level.

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

If trading volumes remain lowlevel, then by the end of the week the pair will consolidate at the level of average prices, and if the volume of purchases can be increased, then a re-test of the POC line is possible (2.95 USD).

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.20.2019

Since early October, the price of Stellar demonstratespositive dynamics. The pair has never rolled below the orange trend line. Yesterday, after re-testing 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.