March 4, 2024

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 possible altcoin price reversal levels for recovery.

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

BCH price yesterday morningIt tried to consolidate in a narrow range of $218 – $220.However, in the second half of the day, the bears increased the pressure and pierced the support of the 23.6% Fib level (206.95 USD).The daily low is at 197.84 USD. 

By the end of the day, the price rebounded above the 23.6% Fibonacci level and consolidated in a narrow range overnight.If buyers are able to start recovering from this support level, the maximum may be around 213.00 USD. 

We believe that it will not be possible to achieve a significant recovery - a decline to yesterday's low is more likely. 

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

Yesterday, the bearish pressure intensified and the price broke through a very strong support level of 61.8% Fib (51.38 USD).The low was fixed at 47.24 USD.At night, the price rebounded to 50.00 USD and settled in consolidation just below this level. 

We can assume that by the end of the week the pair will roll back to the support of 50% Fib (45.82 USD).From this level, the price may recover somewhat. 

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

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

After falling 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 decline in the price of Stellar was not limited to the 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 pair's recovery.At night, they managed to test the level of 0.060 USD, but it limited the recovery and reversed the price to a decline. 

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