September 27, 2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.24.2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.24.2019

We determine the possible reversal levels of altcoin prices.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.24.2019

Yesterday morning BCH price tried to consolidate in a narrow range of $ 218- $ 220. However, in the afternoon, the bears increased pressure and pierced support at the level of 23.6% Fibo (206.95 USD). The daily minimum was fixed at 197.84 USD.

Until the end of the day, the price rebounded above level 23.6% Fibonacci and all night consolidated in a narrow range. If buyers can start recovering from this support level, then the maximum is possible in the region of 213.00 USD.

We believe that it will not be possible to achieve a significant recovery - it is more likely to decrease into the zone of yesterday's minimum.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.24.2019

Yesterday, the bearish pressure intensified, and the price brokevery strong support level 61.8% Fibo (51.38 USD). The minimum is fixed at 47.24 USD. At night, the price rebounded to the level of 50.00 USD and consolidated in consolidation just below this level.

It can be assumed that before the end of the week the pair will roll back to the support of 50% Fibo (45.82 USD). From this level, some price recovery is possible.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.24.2019

Yesterday, the EOS price set a local minimum at 2.53 USD and rebounded to the 2.70 USD area. In a narrow range, the pair is consolidating until this morning.

After a decline to the September low (2.40 USD), the pair may begin to recover.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.24.2019

Yesterday's Stellar price decline was not limited to support in the area of ​​0.060 USD. The minimum is set at 0.056 USD.

The rebound was quite high and buyers tried to continue the recovery of the pair. At night, they managed to test the level of 0.060 USD, but he limited the recovery and deployed the price of decline.

We believe that in the region of 0.058 USD, the pair may consolidate around this equilibrium price.