June 25, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/04/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/04/2019

In the first half of the week, a way out of the side range to the nearest support levels is possible.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/04/2019

INLast Wednesday, the price of BCH set a weekly high around 307.00 USD, but by Friday sellers returned the pair below the support of 275.00 USD. 

Last weekend, the pair’s movements again showed positive dynamics. On Sunday morning, the pair recovered to the weekly high area. 

Yesterday afternoon on volumes you can see a smalla bearish surge that rolled the price back to the 38.2% fib level (289.51 USD). If buyers are able to gain a foothold above it, then the next high can be expected in the area of ​​315.00 USD. 

If the bears resume pressure, the pullback will continue below the support at 275.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/04/2019

For most of the past week, the Litecoin pricewas below the hourly EMA55. After a weekly high near 61.00 USD, the bears pressed the price to the POC line (58.20 USD) and did not let it go above the 78.6% fib level (59.31 USD). 

Now buyers are trying to test the topborder side range. There is a slight chance of a breakthrough to the area of ​​64.00 USD, but on the daily time frame the Stoch RSI indicator lines are in the overbought zone, therefore it is more likely that in the first half of the week Litecoin is expected to decline to support 54.00 USD.

 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/04/2019

By the end of the week, the bears were unable to pushthe lower border of the sideways trend is 3.20 USD and the price continues to move sideways. At the top, buyers are limited by the POC line (3.345 USD). Over the weekend, the EOS price tried to recover above the “fair price” line, but failed to gain a foothold in this area due to low volumes. 

Now consolidation continues, and ifIf buyers manage to break above the average price level, then a re-test of the purple trend line is possible. In the medium term, we should expect a decline towards the support of 3.05 USD. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/04/2019
    

Over the weekend, the XLM price retreated to supportyellow ascending trend line and remained above the average price level. Stellar Lumen's capitalization allows the asset to occupy tenth place in the CoinMarketCap rating and successfully compete with TRON, which this week managed to be pushed back to 11th place in the list. 

Today, the price will try to stay above the two-hour EMA55, but soon the bearish pressure may increase and the pair will roll back below the POC line (0.063 USD).