June 19, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/15/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/15/2019

Some recovery in altcoin prices is expected today, but will prices be able to gain a foothold in consolidation?over the next support levels?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/15/2019

BCH price decline reached low this morningat 269.69 USD. On the hourly time frame, small volumes of purchases are visible from the support level of 270.00 USD, which forced the price to rebound to the area of ​​272.00 USD. 

Recovery may continue towards resistance275.00 USD, but we don’t see much enthusiasm from buyers yet. If market activity remains low, the pair will move sideways. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/15/2019

Yesterday, bears pushed the Litecoin price to the POC line (58.21 USD). This level stopped the decline, but there are no active buyers with large volumes yet. 

Today the price may recover to the hourly moving average EMA55, but if such a recovery is not supported by volumes, the decline may resume. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/15/2019

Yesterday sellers marked the daily low at3.333 USD. It was possible to rebound to the area of ​​3.430 USD, but buyers found the real level of support only at 3.370 USD. This morning, from this level, the pair recovered to the hourly EMA55. 

We believe that buyers will be able to return the price to its previous level, to the Point Of Control line (3.462 USD). If you fail to gain a foothold above the POC line, the decline will continue to the area of ​​3.30 USD. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/15/2019

Yesterday afternoon the decline in the price of Stellar pausedin the area of ​​the yellow support trend line. This morning, although sellers broke through this ascending support line, we believe that during the day the pair will be able to return to the hourly EMA55 level. 

If buyers can’t overcome the resistance of 0.075 USD, then the decline will resume to the area of ​​0.070 USD.