Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.27.2019

The pullback from monthly highs has paused, but the decline could continue next week.

BCH / USD

After a monthly high at 283.58 USD, which was set on Friday, the price of Bitcoin Cash ABC rolled back to around the 240.00 USD mark. Yesterday, trading volumes decreased, and the pair consolidated in the area of ​​250.00 USD. 

Today a re-test of level 260 is possible.00 USD, and at the end of the day a pullback is expected, which will continue next week. The level that can stop the decline is in the area of ​​the four-hour EMA55 – this support is 230.00 USD. 

After a short consolidation, the pair will continue to move sideways, but at a different level, in the area of ​​the POC line (222.61 USD). 

LTC / USD

After a weekly low of 47.24 USD, which was established on Wednesday, the pair began to show signs of recovery and tested the level of 50.00 USD. On Friday, the bullish impulse broke through two resistance levels – 61.8% fib (51.38 USD) and 78.6% fib (59.31USD). The October maximum is set at 64.00 USD. 

On Saturday, trading volumes decreased, and the pair, using the support of the POC line (55.05 USD), was able to consolidate in the region of 57.00 USD.

Today, recovery may continue toresistance is 78.6% Fibo (59.31USD), but a pullback is expected at the end of the day, the depth of which can be in the support area of ​​54.00 USD. Next week, after a re-test of this level, the decline will stop in short-term consolidation.

 

EOS / USD

Last Friday, the bullish impulse markedmonthly high at 3.576 USD. Yesterday, the price rolled back to the support of 3.05 USD and felt the support of buyers at this level, who restored the EOS price above 3.15 USD. 

Today, the recovery may continue to the resistance area of ​​3.30 USD. We believe that the price may reverse at this level and begin to decline. 

Next week the decline will stop around the four-hour EMA55. The pair will be able to consolidate using the linePointscontrol(2.944 USD) as support. 

XLM / USD

This week the price of Stellar Lumen receivedsupport in the area of ​​the POC line (0.058 USD). Until Friday, on low volumes, the price recovered to the four-hour EMA55, and on Friday evening, due to the rush of demand, the pair broke through the orange trend line. 

At night, during the Asian session, buyers set a monthly high at 0.074 USD, but until the morning the pair was unable to consolidate above the dotted orange support. 

Yesterday the pair returned to the level of average prices andtrying to consolidate in a narrow range. Today, a re-test of the trend line is possible, which could act as a reversal level and send the pair down to 0.061 USD. The couple could return to the area early next weekfair value0.058 USD.