Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/01/2019

Buyers' attempts to restore altcoin prices will continue in the near future.Are they todayto achieve success?

BCH / USD

Yesterday morning, Bitcoin Cash ABC was one of the few top crypto assets whose price was able to stay above the average price level.However, closer to lunchtime, sellers pushed through the hourly EMA55 and punctured the support of 275.00 USD.The local low is around 270.00 USD, but buyers immediately tried to return the pair above the average price level. 

On the retracement, it managed to reach a high at 290.00 USD, but failed to gain a foothold above the moving average EMA55.Throughout the night, the pair was consolidating in a narrow sideways range in the area of 280.00 USD. 

Today buyers will make another attempt at a bullish breakout of the resistance level of 38.2% Fib (289.51 USD), but we believe that the pair will not be able tostay in the high zone and roll back to the support of 275.00 USD. 

LTC / USD

Yesterday, the price of Litecoin consolidated along the POC line (58.20 USD).In the afternoon, buyers tried to increase volumes and tested the lower border of the blue triangle.They failed to gain a foothold above the hourly EMA55 level, and by the end of the day, the pair rolled back below the level of average prices. 

This morning, buyers do not give up trying to break through the resistance of the moving average.If they succeed, the maximum may be around 60.00 USD, and at the end of the week, the pair will roll back to the support of 54.00 USD. 

 

EOS / USD

Yesterday, the ascending purple trend line kept the EOS price declining.In the afternoon, buyers broke through the average price level and tested the POC line (3.34 USD). 

It failed to gain a foothold above the hourly EMA55, and at the end of the day, the pair rolled back below the support of the purple dotted line. 

Judging by the indicators, there is a potential for the pair to recover to the area of 3.40 USD.But if it is not possible to break through the level of average prices and the potential is squandered in consolidation, then by the end of the week the pair maywill roll back to 3.05 USD. 

XLM / USD

XLM price consolidated sideways yesterday, using the support of the POC line (0.063 USD). 

Tonight a powerful bullish momentum broke throughresistance of the yellow trend line and set a maximum around 0.072 USD. Until morning, the pair managed to stay in the zone of maximum. Thus, the total capitalization of Stellar Lumen reached $ 1.38 billion. As a result, the asset won the tenth line in the CoinMarketCap ranking from TRON, which moved to the second ten.standings ». 

Today, consolidation in the region of the 0.070 USD mark will continue, but soon the pair will roll back to support the yellow uptrend line.