Will altcoin prices keep in a narrow sideways today?
BCH / USD
Yesterday trading volumes remained low level, and the price of BCH slightly rolled back. From deep immersion to the level of 23.6% Fibonacci, the pair was kept by the sentry 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.
Given the overheating of the market, a breakthrough above this level is possible after a rollback to the level of 23.6% FIBO (206.95 USD) or long-term 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 lateral range, and fluctuations at the level of average prices will continue until the end of the day.
EOS / USD
Yesterday, the price of EOS fixed in the lateral range,using the support of the POC line (2.66 USD). Closer to night, sellers managed to push the hourly EMA55 level, but in the morning, buyers restored the price to the previous level.
If today it is possible to continue the restoration of the EOS price, then the daily maximum is possible in the area of 2.80 USD.
On the other hand, yesterday the level of 2.70 USD was an insurmountable barrier for buyers. Therefore, today the pair can turn around in the area of this resistance and roll back to the area of 2.60 USD.
XLM / USD
Srellar price consolidated yesterday at the Point of Control line level (0.058 USD). From a deep pullback, the price was kept by the watch EMA55.
This morning, trading volumes fell even more and the pair narrowed the range of consolidation. 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.