Today, some recovery in altcoin prices is expected, but can prices consolidate in consolidation? over the next support levels?
BCH / USD
This morning, BCH price cuts hit a lowat point 269.69 USD. On the hourly time frame from the support level of 270.00 USD, small volumes of purchases are visible, which made the price rebound to the area of the mark of 272.00 USD.
Recovery may continue to resist275.00 USD, but we do not yet see much enthusiasm among buyers. If market activity remains low, the pair will move sideways.
LTC / USD
Yesterday, the bears pushed the price of Litecoin to the POC line (58.21 USD). This level stopped the decline, but there are no active actions by 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, then the decline may resume.
EOS / USD
Yesterday, sellers indicated a daily minimum at3.333 USD. We managed to bounce back to the area of 3.430 USD, but buyers found the real level of support only at 3.370 USD. This morning, the pair recovered to the hourly EMA55.
We believe that buyers will be able to return the price to the previous level, to the Point Of Control line (3.462 USD). If we do not succeed in gaining a foothold over the POC line, the decline will continue to the area of 3.30 USD.
XLM / USD
Yesterday afternoon, Stellar price cuts stoppedin the area of the yellow trend support line. This morning, sellers even pierced this upward support line, but we believe that during the day the pair will be able to return to the level of hourly EMA55.
If buyers can’t overcome the resistance of 0.075 USD, then the decline will resume to the area of 0.070 USD.