The morning bullish momentum of the market helped to update the maximum only for the pair BCH / USD. The remaining altcoins turned out to be more restrained in growth.
BCH / USD
Yesterday the Control Points line (260.00 USD) supported the pair, and during the day the BCH price several times tested the resistance of 275.00 USD. However, they managed to overcome it only this morning. A powerful bullish momentum forced the Bitcoin Cash price to break through the resistance level of 38.2% Fibo (289.51 USD) and set a maximum in the region of 300.00 USD.
Now the pair has rolled back from the updated monthlymaximum and is trying to consolidate under the level of 38.2% Fibonacci. If buyers continue to bump up the BCH price, then the next maximum should probably be expected in the region of 305.00 USD.
But we believe that with average volumes, the rollback from the current maximum will continue, and the price will return to the level of 275.00 USD.
LTC / USD
Yesterday, the price of LTC hung in flat between the hourEMA55 and the level of 78.6% Fibo (59.31USD). This morning we managed to overcome the resistance level of 78.6% Fibonacci, and the pair consolidated in consolidation around 60.00 USD.
During the day, buyers may try to update the monthly maximum, but we believe that the price can only test the level of 62.00 USD. At the end of the day, the pair will roll back to the area of average prices.
EOS / USD
Yesterday, sellers sold support at 3.30 USD and tested the watch EMA55. This night this level of average prices supported the buyers, and the pair recovered to the area of the mark of 3.40 USD.
Resistance 3.650 USD is still out of the reach of customers, but if the bulls manage to increase volumes in the Asian session, they could test their target level and update the monthly maximum.
On an eight-hour time frame, the Stoch RSI indicatorgenerates a signal to decline, which is confirmed by MACD. Will buyers manage to update the maximum? It is possible that the price will continue to roll back from the current level and return to the area of average prices.
XLM / USD
Stellar Lumen lost its tenth position inranking of CoinMarketCap in terms of capitalization and gave way to TRON. Justin Sun on the social network intrigued market participants with a message about cooperation with some Mega Corporation. However, we believe that soon Stellar will be able to regain its rightful place in the TOP 10.
This morning, the price of XLM from the level of the hourly EMA55 has recovered above the orange trend line and is trying to consolidate around the level of 0.066 USD.
If buyers can continue the recovery, then a re-test of the level of 0.069 USD is possible. Sellers will certainly try to return the price to the EMA55 moving average area.