November 2, 2024

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 average price level turns out to be weak support, then the decline in altcoin prices will continue.

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

INLast Sunday, buyers increased their above-average volume and tested the resistance of 260.00 USD.The bullish momentum potential was enough to break through this resistance and set a high around 275.00 USD. 

This morning, the price has retraced to the area of the POC line and is trying to use the 260.00 USD level to consolidate in a narrow sideways trend.If this level does not work as support, then the pair will sinkeven deeper, in the area of the hourly EMA55. 

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

Yesterday, the 78.6% Fib level (59.31USD) failed to stop the bullish momentum, which recorded a local high around 63.00 USD. 

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

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

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

Yesterday, the pair continued to recover, with buyers able to break through the resistance of 3.30 USD and test the level of 3.50 USD.At night, the bullish impulse was repeated and the high was recorded at 3.56 USD. 

In the morning, the price of EOS pulled back and is trying to use the level at 3.33 USD as a platform to retest the strong resistance of 3.650 USD.If the level of 3.33 USD does not stop, then the decline will continue towards the hourly EMA55. 

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

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

At night, in the absence of large volumes, the pair marked a local high around 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).