February 5, 2023

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

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

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

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

Yesterday, the level of 23.6% Fibo (206.95 USD) supported the BCH / USD pair, but trading activity was below average, and the pair spent the whole day in a narrow lateral range at the hourly EMA55. Buyers' attempts to recover in the region 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 / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/27/2019

Yesterday the pair managed to gain a foothold over the level of 50%Fibo (45.82 USD). During the day, buyers hardly held above the hourly moving average EMA55, and last night sellers returned Litecoin price to support 50% fibonacci.

If sellers sell this level of support, thenthe price will roll back to the area of ​​the mark of 43.00 USD. Less likely is the continuation of the recovery, which began on Monday and yesterday got stuck in a narrow side.

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

Yesterday, the EOS / USD pair was able to gain a foothold over the hourEMA55. Buyers' attempts to continue the recovery were limited by the POC line (2.627 USD). At night, the volume of purchases decreased and in the morning the price fell back to the moving average level EMA55.

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

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

Buyers yesterday several times managed to pierce the hourly moving average EMA55, 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.