March 29, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/05/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/05/2019

Yesterday, the BCH price did not participate in the dynamic recovery and spent the entire day in a narrowing sideways pattern. Will ittoday announced a decline at the beginning of the week?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/05/2019

Yesterday in the first half of the day, buyers were ableto gain a foothold above the 38.2% fibo level (289.51 USD), but on small volumes it was not possible to recover significantly, and in the absence of strong pressure from sellers, the price sank slightly below the hourly EMA55 level. 

Until the end of the day, consolidation continued in a narrowing sideways range. If sellers build up pressure today, then a narrow range will break through and the price will fall back to the support of 275.00 USD.

 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/05/2019

Yesterday morning buyers tried to testthe upper limit of the side range. During the day they managed to increase volumes and break through the resistance level of 78.6% fib (59.31 USD). The growth to the local maximum around the 63.00 USD mark took place without support from volumes. 

At night, the pair turned around on a rollback. We believe that today the rollback may continue below the hourly moving average EMA55. Near the level of 78.6% Fibo (59.31 USD), the decline will stop and the price of LTC will consolidate.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/05/2019
 

Yesterday, buyers broke above the average price level and continued to recover to the purple trend line. 

The rising trend line provided support, butfurther growth took place on declining volumes. Overnight the price reversed at the high of 3.52 USD and today will return to the support of the purple dotted line.  

The reduction in the EOS price to support 3.05 USD is still relevant. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/05/2019
 

Yesterday morning, the XLM price consolidated above the two-hour EMA55 level and continued to consolidate in a narrow range until the end of the day. 

Tonight, a strong bullish momentum struckpsychological mark of 0.080 USD and set a maximum at 0.088 USD. In the morning, the pair returned to the price level of 0.080 USD, but we believe that during the day the rollback may continue to the area of ​​average prices (0.071 USD).