September 22, 2020

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

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

Yesterday morning from the zone the 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 maximum point, butIt seems that the power level of 230.00 USD was able to keep the BCH / USD pair from a deeper pullback. If the bulls continue to push the price up, they will be able to achieve a new maximum in the area of ​​240.00 USD.

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

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

Yesterday, the bears failed to push support at 54.00 USD. During the day, this level twice saved the price of LTC from deep pullbacks.

At the end of the day, the pair fixed above the hourly moving average and today can continue the positive trend with rising lows. Another maximum is possible at the point of 56.00 USD.

If sellers sell a trend purple line from the current level, then the price may return to support at 54.00 USD.

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

The EMA55 hourly yesterday kept the EOS price from a deep pullback and helped buyers organize the pair's recovery to a maximum of 2.992 USD.

Despite the bear’s resistance, the pair managed to stay above the level of average prices until the end of the day and today it can break the resistance of 3.00 USD.

To continue the recovery in the future, the pullback from today's high should not be below the purple dashed support line.

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

Yesterday, strong pressure from sellerswas absent, and the Stellar price was able to stay above the orange trend support line. With low volumes, there is no significant progress in growth either. At night, the resistance of 0.065 USD limited the recovery of the pair.

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.