June 25, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11.11.2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11.11.2019

Altcoin price volatility increased sharply on Sunday evening. The bulls renewed their monthly high andhope to continue the recovery, but can they resist the bears today?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11.11.2019

On Saturday, the price of BCH gradually recoveredafter Friday's low, and on Sunday a strong bullish impulse pierced the psychological level of 300.00 USD, but failed to gain a foothold in the maximum zone. 

This morning the sellers are gradually taking overinitiative and, while on small volumes, rolled the pair back to the level of average prices. If pressure from sellers increases, they will push the price towards the support of 275.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11.11.2019

Over the weekend, buyers restored the price of Litecoin and recorded a monthly high around 66.30 USD. When purchase volumes sharply decreased, the pair sank to the level of average prices. 

This morning, sellers intensified their pressure and pushed through the support of the hourly EMA55. The decline may pause in the area of ​​60.60 USD and move into short-term consolidation. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11.11.2019

On Sunday evening, at the moment of sharp growthvolatility, buyers were able to test the purple trend line, but failed to gain a foothold above it. Trading volumes decreased sharply and the pair rolled back to the hourly EMA55 level. 

If sellers push through this support level, the decline will continue to the area of ​​Friday's low of 3.30 USD. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11.11.2019

Tonight the XLM price recovered to the area of ​​0.080 USD, but in the morning sellers pushed the pair into the area of ​​average prices. 

Given the continued positive dynamicsStellar Lumen, we can assume that buyers today will compete at the level of average prices to continue the recovery or gain a foothold in the consolidation above the hourly EMA55.