Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/27/2019

Today, the likelihood of a market recovery has diminished. Sellers may resume pressure again.

BCH / USD

Yesterday the fib level was 23.6% (206.95 USD) provided support for the BCH/USD pair, but trading activity was below average, and the pair spent the entire day in a narrow sideways range at the hourly EMA55 level. Attempts by buyers to recover to the area of ​​230.00 USD were limited by the POC line (212.25 USD). 

If the market today fails to renewmajor purchases and continue to recover, the price of BCH will smoothly drop below the level of 23.6% Fibonacci. Such a decrease will facilitate a rollback to the area of ​​the monthly minimum.

LTC / USD

Yesterday the pair managed to gain a foothold above the 50% levelFibo (45.82 USD). During the day, buyers struggled to stay above the hourly moving average EMA55, and tonight sellers pushed Litecoin price back to 50% fibonacci support. 

If sellers push through this support level, thenthe price will roll back to the area around 43.00 USD. Less likely is the continuation of the recovery that began on Monday and yesterday was stuck in a narrow sideways pattern. 

EOS / USD

Yesterday the EOS/USD pair managed to gain a foothold above the hourlyEMA55. Attempts by buyers to continue recovery were limited by the POC line (2.627 USD). At night, the volume of purchases decreased and in the morning the price rolled back to the level of the moving average EMA55. 

We believe that today sellers will be able to push through this level of average prices and return the pair to the area of ​​2.48 USD.  

XLM / USD

Yesterday, buyers managed to break through the hourly moving average EMA55 several times, but failed to gain a foothold above the average price level. 

In the morning, the price of Stellar fell back to the level of 0.056 USD, but if sellers sell this yesterday's support, then the decline will continue to the minimum of 0.053 USD.