March 29, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/31/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/31/2019

Today, during the day, some recovery in altcoin prices is possible

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/31/2019

Yesterday the BCH price continuedconsolidation in a narrowing range. Bitcoin Cash ABC is one of the few altcoins whose price remained above the hourly EMA55. 

Due to the fact that trading volumes decreased significantly, sellers were unable to push through the average price level, and buyers were unable to gain a foothold above 38.2% fib (289.51 USD). 

Now the pair is holding at the lower border of the orange triangle. Today there is a possibility of a breakout of the upper border of the triangle, followed by a rollback to the support of 275.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/31/2019

Early yesterday morning the price tested the upper border of the blue triangle and rolled back to the average price level. 

During the day, sellers were able to increase volumes above average and push through the support of the hourly EMA55. The LTC price fell outside the triangle, but was able to maintain consolidation on the POC line (58.20 USD). 

At night, buyers tried to return to the blue triangle, but were unable to overcome the resistance of the moving average EMA55. 

Today, attempts to recover will continue andit is possible to re-test the upper boundary of the triangle. We believe that the local maximum may be located around 61.00 USD. Towards the end of the week, the pair will roll back to the support of 54.00 USD. 

 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/31/2019

Yesterday the average price level for some timestopped the decline of EOS, and the pair recovered to the upper limit of the narrowing range. However, in the afternoon, sellers began to increase pressure and pushed through the hourly EMA55. The price went beyond the lower border of the triangle and broke through the support of 3.30 USD. 

The decline stopped only in the regionpurple support line. Buyers were able to seize the initiative and restore the pair to the level of average prices. It is not yet possible to rise above the level of 3.30 USD, but during the day buyers will continue to try to recover to the POC line (3.34 USD). 

During the pullback, the purple trendline will keep the EOS price sideways.   

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10/31/2019

Sellers yesterday pushed down the average price level androlled the pair back to the POC line (0.063 USD). The pair was able to consolidate in the area of ​​the fair price, and the price was kept from re-testing the level of 0.065 USD by EMA55. 

Today, buyers will make another attemptrecover and may break through the resistance of 0.065 USD. We believe that the local maximum will be in the region of the ascending orange trend line. She will unfold the price of Stellar to decline.