December 5, 2022

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

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

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

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

Last November, the bears did notthey could push support at the level of 170.00 USD, and when in March 2019 the bulls recovered the price after the global minimum of 73.50 USD, they also had to tinker with the breakthrough of this force line.

We believe that this week the price will testsupport of 170.00 USD and, possibly, will spend some time there in consolidation. However, this line is unlikely to serve as a turning point for the recovery of the pair.

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

Last Friday, buyers were able to restore the price of Litecoin to the level of 61.8% Fibo (51.38 USD), but the bears responded with tough pressure and broke through the next support at the level of 50% Fibo (45.82 USD).

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

We expect that the LTC price will be able to gain a foothold at this level in consolidation for some time, however, the reversal level will most likely become a different fibonacci level - 23.6% (USD 33.37).

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

Bears pierced support at 2.40 USD this morning and recorded 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 / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/25/2019

The support level of 0.053 USD limited the decline in Stellar prices and this morning once again launched a pair for recovery.

Now, buyers were able to get only to the level of 0.055 USD, but despite the modest volumes, we believe that the recovery can 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.