Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/25/2019

Bearish pressure is gradually weakening, but the fall is not over yet.

BCH / USD

Last Friday, BCH priceset the minimum at point 196.00 USD, but over the weekend it was able to recover above the 23.6% fib level (206.95 USD). Tonight, the bears resumed pressure again and rolled back the Bitcoin Cash price to a new low around 192.00 USD. 

Last November, bears did notcould push through the support at 170.00 USD, and when in March 2019 the bulls restored the price after the global low of 73.50 USD, they also had to tinker with breaking through this strength line. 

We believe that this week the price will testsupport at 170.00 USD and may spend some time there in consolidation. However, this line is unlikely to serve as a reversal level for the pair’s recovery. 

LTC / USD

Last Friday, buyers were able to restoreLitecoin price to the 61.8% fib level (51.38 USD), but the bears responded with severe pressure and broke through another support at the 50% fib level (45.82 USD). 

This morning the November low is set ataround 42.00 USD. The decline has stopped a little, but during this week a re-test of a stronger support level of 38.2% fib (40.26 USD) is possible. 

We expect that the LTC price will be able totime to gain a foothold at this level in consolidation, but the reversal level will most likely be another fibonacci level – 23.6% (33.37 USD).  

EOS / USD

This morning the bears broke through the support at 2.40 USD and fixed a minimum at 2.355 USD. 

Now buyers are trying to restore the price to the zone of 2.50 USD, but the lack of support at this level will lead to the fact that the EOS price will again return to the minimum area.

XLM / USD

The support level of 0.053 USD limited the decline in the price of Stellar and this morning once again turned the pair towards recovery. 

Now buyers have only been able to reach the level of 0.055 USD, but despite the modest volumes, we believe that the recovery may continue to the area of ​​the Point Of Control line (0.058 USD). 

If the price can break through this POC line, then short-term consolidation at this level is possible.