Will altcoin prices keep in a narrow sideways today?
BCH / USD
Yesterday trading volumes remained lowlevel, and the BCH price rolled back a little. The pair was kept from a deep dive to the 23.6% Fibonacci level by the hourly EMA55.
Tonight, after re-testing this levelaverage prices, the pair is slowly recovering to the POC line (225.10 USD). It seems that in the near future buyers will not be able to overcome the resistance of 230.00 USD.
Considering the overheating of the market, a break above this level is possible after a rollback to the 23.6% fib level (206.95 USD) or prolonged consolidation at the average price level.
LTC / USD
Yesterday, LTC trading was rather sluggish. Market participants were unable to increase volumes and the price fluctuated in a narrow range, at the level of the hourly moving average EMA55.
This morning, buyers took advantage of the support of the POC line (47.00 USD) and are trying to restore the price to the psychological level of 50.00 USD.
However, we believe that they will not be able to go beyond yesterday’s sideways range, and fluctuations at the average price level will continue until the end of the day.
EOS / USD
Yesterday, the EOS price consolidated in a sideways range,using the support of the POC line (2.66 USD). Closer to the night, sellers managed to push through the hourly EMA55 level, but buyers restored the price to the previous level in the morning.
If the EOS price continues to recover today, the daily maximum is possible in the area of 2.80 USD.
On the other hand, yesterday the level of 2.70 USD acted as an insurmountable barrier for buyers. Therefore, today the pair may reverse around this resistance and roll back to the area of 2.60 USD.
XLM / USD
The price of Srellar yesterday consolidated at the level of the Point of Control line (0.058 USD). The price was kept from a deep rollback by the hourly EMA55.
This morning, trading volumes decreased further and the pair narrowed its consolidation range. Buyers are unable to break above the POC line.
Perhaps there is a preparation for a breakthrough, higherthe resistance is 0.060 USD, but considering that the Stoch RSI indicators are in the overbought zone on the four-hour and eight-hour time frames, it is more likely that the lows will be lowered at 0.053 USD.