April 17, 2021

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/12/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/12/2019

If trading volumes remain below average, today altcoin prices will be able to to consolidate.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/12/2019

Yesterday morning sellers were selling averageprices, but further decline was not supported by large volumes and stopped in the region of 280.00 USD. Until the end of the day, buyers tried to restore the price, but so far they have not succeeded in overcoming the resistance level of 38.2% Fibo (289.51 USD).

This morning, another attempt by buyersbogged down at the same line of resistance. If you can increase the volume of purchases and break through this level, then the daily maximum is possible in the area of ​​300.00 USD.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/12/2019

Yesterday's onslaught of sellers weakened around 60.40 USD, and in the afternoon, buyers seized the initiative. Trading volumes were small, but the pair managed to return to the level of average prices.

This morning, the price is consolidating under the hourly moving average EMA55, and it is likely that before the end of the day it will fall back to the level of 78.6% Fibo (59.31 USD).

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/12/2019

Sellers yesterday broke through the hourly EMA55 level in the hope of testing the support of 3.30 USD, but the decline stopped at the POC line (3.45 USD).

EOS price consolidated atarea of ​​Point of Control, and now restored to the moving average EMA55. If buyers manage to overcome the average price level, they will be able to test the resistance of 3.65 USD.

If it fails to break through the EMA55, consolidation in the POC area will continue.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/12/2019

Yesterday, buyers fought with a protractedrollback at the level of average prices. They managed to restore the pair to the area of ​​0.080 USD. At night, the recovery continued and on the Kraken exchange, the maximum was set at 0.082 USD.

An abnormal surge in volatility was observed on the Bittrex exchange, which was repaid within 15 minutes.

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/12/2019

During this time, the price managed to mark at a maximum of 0.131 USD and return to the level of average prices.

We believe that today buyers will be able to gain a foothold above the level of the EMA55 and consolidate in the narrowing range.