March 28, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/30/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/30/2019

The consolidation of the altcoin market continues, in the second half of the week a bearish breakthrough is possible.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/30/2019

Yesterday morning, buyers continued to pump the priceBCH and broke through the resistance of 275.00 USD. The daily high was set at 299.36 USD, after which the price rolled back to the support level of 38.2% fib (289.51 USD). 

In the Asian session, growth continued and the monthly maximum moved to the point of 306.78 USD, but it did not work out to consolidate in the region of the maximum. In the morning, the price again returned to the level of 38.2% Fibonacci.

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/30/2019

The hourly chart shows how buyersusing the support, they are trying to resume growth in the area of ​​320.00 USD. But on the daily time frame, the Stoch RSI indicator lines are in the overbought zone, and in the near future an intensive decline is expected.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/30/2019

Yesterday the hourly EMA55 level stopped decliningpairs, and the price was able to recover above the 78.6% fib level (59.31 USD). Tonight, buyers tried to continue the recovery, but the morning again began from the support of the 78.6% Fibonacci. 

The consolidation corridor is gradually narrowing in bluedotted triangle. Today, a re-test of its upper limit around the 60.00 USD mark is possible. We believe that by the end of the week the pair will break through the lower border of the triangle and roll back to the support area of ​​54.00 USD. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/30/2019

Yesterday, the EOS price continued its sideways consolidation in a narrowing range. At night, after a re-test of support at 3.30 USD, the pair recovered to the upper limit of the range. 

Today, the average price level has stopped its smooth decline towards the lower border of the blue triangle. The pair will continue to consolidate until the end of the day, and at the end of the week a rollback to the area of ​​3.05 USD is possible. 

 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/30/2019

Yesterday, the XLM price again tested the level of 0.070 USD, but failed to gain a foothold in the high area. 

The pair continues to consolidate along the upward trending orange line. The price is kept from deep rollbacks by the two-hour moving average EMA55. 

Today, in the area of ​​average prices, we expect a reversal andrecovery above the dashed line of a local trend. In the second half of the week, a breakthrough of the average price level and a rollback to the support area of ​​0.054 USD is possible.