September 20, 2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.28.2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.28.2019

If the level of average prices proves to be weak support, then the decrease in altcoin prices will continue.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.28.2019

AT last Sunday, buyers increased volumesabove average and tested the resistance of 260.00 USD. The potential of the bullish momentum was enough to break through this resistance and set a maximum in the region of 275.00 USD.

This morning, the price rolled back to the area of ​​the POC lineand is trying to use the level of 260.00 USD for consolidation in a narrow side. If this level does not work as support, then the pair will sink even deeper, into the area of ​​the sentry EMA55.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.28.2019

Yesterday, the level of 78.6% Fibo (59.31USD) could not stop the bullish momentum, which recorded a local maximum in the region of 63.00 USD.

After that, trading volumes fell sharply, and the pair fell back to 78.6% Fibonacci. In the morning, sellers continued to roll back, and soon the pair will return to the level of the watch EMA55.

In the absence of pressure from sellers,decline in the pair may suspend the level of average prices. Most likely, today buyers will not be able to continue the recovery, and the price will hang in the flat between the support of the moving average and the level of 78.6% Fibo (59.31USD).

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.28.2019

Yesterday, the recovery of the pair continued. Buyers were able to break through the resistance of 3.30 USD and test the level of 3.50 USD. At night, the bullish momentum repeated and the maximum was fixed at 3.56 USD.

In the morning, the price of EOS has rolled back and is tryingtake advantage of the level at 3.33 USD as a platform for re-testing the strong resistance of 3.650 USD. If the level of 3.33 USD does not stop the rollback, then the decline will continue to the hourly EMA55.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.28.2019

On Sunday afternoon, the price of Stellar Lumen tested the orange trend line of resistance. Buyers increased their advantage and tried to gain a foothold over this line.

At night, already in the absence of large volumes, the pair indicated a local maximum in the region of the mark of 0.070 USD, after which the price returned to trend support.

We believe that today the pair will roll back to the two-hour EMA55, which passes through the area of ​​the POC line (0.063 USD).