Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/08/2019

Yesterday, altcoin prices began to decline, which may continue today.

BCH / USD

Yesterday sellersThe support of the 38.2% Fib (289.51 USD) stopped the pair's decline and at night the price recovered to the moving average. 

This morning, the pressure of the bears may resume and they will sell this level of fibonacci. We believe that the decline will stop at around 275.00 USD

LTC / USD

Yesterday, the bears continued the pressure and broke through the support of the average price level.In the evening, a local low was set around 60.00 USD, but when the volumes decreased, the price recovered above the hourly EMA55. 

Today, sellers are not going to lose the initiative and continue the onslaught. By evening, the price may go down to the level of 78.6% Fibo (59.31 USD).

EOS / USD

Yesterday, sellers managed to overcome the support of the purple trend line and push the price to the area of 3.42 USD.Overnight, the price recovered to the hourly EMA55, and in the morning tested the ascending purple line. 

It is not possible to gain a foothold above this line, and today a pullback may occurPossibly, a new low will be in the area of 3.40 USD. 

XLM / USD

Yesterday, sellers were able to overcome the support of the two-hour EMA55 level, but the decline took place on low volumes and the price failed to reach the same support level. 

In the region of the mark 0.072 USD the price decline stopped and at night the pair recovered to its previous level. It was not possible to consolidate above the level of average prices, and today it is possible to decline to yesterday's target mark of 0.070 USD.