October 30, 2020

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

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

Last weekend in the movement of the pair again there was a positive trend. On Sunday morning, the pair recovered to a weekly high.

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

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

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

Most of the past week, the price of Litecoinwas below the hourly EMA55. After a weekly high in the area of ​​61.00 USD, the bears pressed the price to the POC line (58.20 USD) and did not release it above the level of 78.6% Fibo (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

Until the end of the week the bears were unable to pushthe lower border of the sidewall is 3.20 USD and the price continues to move in the lateral direction. On top of the buyers is 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 small volumes in this area.

Now consolidation continues, and ifIf buyers manage to break through above the average price level, then a re-test of the purple trend line is possible. In the medium term, we should expect a decrease to 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 price of XLM rolled back to supportyellow uptrend line and stayed above average prices. The capitalization of Stellar Lumen allows it to occupy the tenth place in the CoinMarketCap rating and successfully compete with TRON, which managed to be pushed to the 11th line of the list that week.

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).