This morning, sellers sold the lower limit of the lateral range. As the decline continues, We will try to determine the reversal level.
BCH / USD
Yesterday, consolidation in the lateral range continued - the bulls did not find reserves to increase volumes and break through resistance at 38.2% Fibo level (289.51 USD).
Today we expect a reaction from sellers. In the morning they already managed to mark a minimum at the point of 275.00 USD. Most likely, the decline will continue to the area of 270.00 USD.
A more reliable support level is at around 260.00 USD. We expect that around this area, buyers will be able to deploy a BCH recovery price.
LTC / USD
Yesterday, buyers behaved passively, and during the day, trading volumes remained below average. Toward evening, the range of consolidation narrowed significantly.
This morning, sellers were the first to wake up androlled back the price of Litecoin to the level of 78.6% Fibo (59.31 USD). Support still withstands 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 / USD
Buyers did not take the initiative yesterday, and bidding activity was extremely low. During the day, the EOS price continued to consolidate in the lateral range and pressed against the POC line (3.46 USD).
This morning, sellers broke through the support linePoint Of Control, and, possibly, the pair will roll back to the area of 3.380 USD. We believe that this is a good level so that buyers are finally activated and begin to recover the pair.
XLM / USD
Yesterday's attempt by buyers to restore the price above the hourly EMA55 ended in failure. The price of XLM returned to the zone of recent low, near the support of 0.075 USD.
We believe that today the bears will sell this level and roll back the Stellar price even lower, to the yellow trend support 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.