April 20, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/14/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/14/2019

This morning sellers pushed the lower border of the sideways range. While the decline continues,Let's try to determine the reversal level.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/14/2019

Yesterday, the consolidation in the sideways range continued – the bulls did not find the reserves to increase volumes and break through the resistance level of 38.2% fib (289.51 USD). 

Today we are expecting a reaction from the sellers. In the morning they already managed to mark the minimum at 275.00 USD. Most likely, the decline will continue to the area of ​​270.00 USD. 

A more reliable support level is at 260.00 USD. We assume that around this area, buyers will be able to reverse the price of BCH into a recovery. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/14/2019

Yesterday, buyers behaved passively, and during the day trading volumes remained below average. In the evening, the consolidation range narrowed significantly. 

This morning the sellers were the first to wake up androlled back the Litecoin price to the 78.6% fib level (59.31 USD). The support is still withstanding the onslaught of the bears, but we believe that they will be able to break through this Fibonacci level and continue to decline to the area of ​​the POC line (58.21 USD). 

We believe that in this area there is a reversal area in which buyers can seize the initiative and begin large purchases. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/14/2019

Buyers did not show initiative yesterday, and trading activity was at an extremely low level. During the day, the EOS price continued to consolidate in a sideways range and pressed against the POC line (3.46 USD). 

Sellers broke through the support line this morningPoint Of Control, and perhaps the pair will roll back to the area of ​​3.380 USD. We believe that this is a good level for buyers to finally become more active and begin to restore the pair. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/14/2019

Yesterday's attempt by buyers to restore the price above the hourly EMA55 level ended in failure. The XLM price has returned to the recent low area, near the support of 0.075 USD. 

We believe that today the bears will push through this level and roll back the Stellar price even lower, to the yellow support trend line. 

If buyers are able to stop the decline byascending dashed line, the pair may return to the level of average prices. If the bears increase the pressure, a reversal is possible in the area of ​​the mark of 0.070 USD.