Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/22/2019

Will altcoin prices be able to continue the positive trend today?

BCH / USD

Yesterday morning from the zonethe consolidation of the pair began to recover rapidly and broke through the resistance of 230.00 USD. At night, a maximum was fixed in the region of 236.00 USD.

In the morning, the price rolled back from the high, but it seems that the power level of 230.00 USD was able to keep the BCH/USD pair fromIf the bulls continue to push the price up, they will be able toreach a new high in the area of 240.00 USD. 

If the bears will intercept in the area of the POC line (232.03 USD)initiative, the decline to the level of average prices will continue. 

LTC / USD

Yesterday, the bears failed to push through the support of 54.00 USD.the level saved the LTC price of deep pullbacks twice. 

At the end of the day, the pair settled above the hourly moving average and today it mayThe next high is possible at 56.00 USD. 

If sellers push through the trend purple line from the current level, then the price mayReturn to the support of 54.00 USD. 

EOS / USD
    

Yesterday, the hourly EMA55 kept the EOS price of a deep pullback and helped buyers organize the pair's recovery to the high of 2.992 USD. 

Despite the bears' opposition, the pair was able to stay above the average price level until the end of the day and today it maybreak through the resistance of 3.00 USD. 

In order to continue the recovery, today's high pullback should not be below the purple dotted support line. 

XLM / USD

Yesterday, there was no strong selling pressure, and the Stellar price was able to stay above the orange trend support line.At night, the resistance of 0.065 USD limited the pair's recovery. 

If today buyers manage to push off from the two-hour EMA55 level, they will try to overcome resistance and gain a foothold above the red dotted line of 0.065 USD.