December 2, 2020

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

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

Sellers yesterday increased pressure and broke the level of sentry EMA55. Support for 38.2% Fibo (289.51 USD) suspended 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 / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/08/2019

Yesterday the bears continued to pressure and strucksupport for average prices. In the evening, a local minimum was set around 60.00 USD, but when volumes fell, 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 / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/08/2019

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

It is not possible to consolidate above this line, and today the rollback may continue below yesterday's local minimum. Perhaps a new low will be in the area of ​​3.40 USD.

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

Sellers yesterday were able to overcome the support of the two-hour EMA55, but the decline took place at low volumes and the price could not reach the same level of support.

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.