Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/07/2019

Today, sellers can be active and roll back altcoins below average.

BCH / USD

Yesterday, after the daily high, the BCH price rolled back to the level of average prices. 

Today, sellers can increase pressure and break through the support of the EMA55. As we have already noted, the likely level of support when leaving the side range is in the region of 275.00 USD.

LTC / USD

Buyers were unable to test yesterday afternoonthe upper dotted line and overnight the LTC/USD pair rolled back to the hourly EMA55. Trading volumes have decreased, and currently the price is balancing at the level of average prices. 

If today sellers duplicate the overnight bearish impulse, they will break through the support of the moving average and roll back the pair to the 78.6% fib level (59.31 USD). 

EOS / USD

Вчерашняя борьба покупателей за рубеж 3.650 USD was unsuccessful. In the evening, the pair rolled back close to the average price level, and this morning there is a high probability of breaking through this support and rolling back below the purple trend line. 

We believe that the decline will not be deep and will stop around 3.43 USD. 

XLM / USD

Yesterday in the first half of the day the pair was held in a narrow consolidation around the 0.080 USD mark. In the second half, a decline began, which as of this morning reached the level of average prices. 

It seems that sellers today will be able to continue the rollback to the yellow dotted support (0.070 USD)