Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/23/2019

After an intensive decline, some consolidation of the market is visible. After trying to recover, decline will continue to new levels of support.

BCH / USD

Yesterday, in the morning, the pair consolidated in the area of ​​the POC line (232.03 USD). In the afternoon, the bears seized the initiative and returned the price to the support of 230.00 USD.

Until late in the evening between buyers andsellers were fighting hard for this line, but by the end of the day the bears rolled the pair back to the level of average prices. At night, volumes declined, and the decline stopped until morning.

This morning a strong bullish momentum setlocal minimum at around 215.00 USD. Now the pair is trying to consolidate in a narrow range of $ 218 - $ 220. If buyers can not break above 220.00 USD, then the decline will continue to the area around 210.00 USD.

LTC / USD

Yesterday afternoon, sellers were able to push purplea trend line that helped maintain a positive trend for the LTC / USD pair. Buyers tried to return the price above this level, but at the end of the day the bears rolled back the pair to support 54.00 USD.

At night, volumes decreased, but the decline did notstopped. This morning, sellers' pressure intensified, and the price continued to decline even faster to support 52.00 USD. This level has stopped a sharp drop, and the price of LTC briefly entrenched in the consolidation and is trying to recover.

We believe that in the near future the couple will testthe target level of the bears is 61.8% fibo (51.38 USD) and after that it will begin to recover slightly. Tentatively, this may be the level of 52.00 USD or, if you look more optimistically, then buyers may be able to test 54.00 USD.

EOS / USD

Yesterday morning, buyers pierced the levelresistance 3.00 USD and set a weekly maximum at 3.03 USD. It was not possible to gain a foothold over the three-dollar level, and by the end of the day the pair rolled back to the purple trend support line.

At night, the bearish pressure intensified, the pair broke through two-week support and rolled back to a minimum of 2.84 USD.

Now the price is consolidating in a narrow range, and buyers will try to restore the price during the day. We believe that they will be able to pull up the price to the hourly EMA55. After that, the decline will resume.

XLM / USD

This morning, a rather strong bearish impulse has pushed support for the orange trend line, which since late September has been connecting Stellar's rising lows.

A couple more than a crescent showedpositive dynamics, and yesterday after a reversal from the resistance level of 0.065 USD, an intensive decline began. We believe that now it will not be limited to the level of 0.062 USD, but will continue to the area of ​​0.060 USD.