Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/02/2019

Today, buyers will try to continue the recovery from the local minimum zone.

BCH / USD

On the weekend, the bulls could not continue to recoverto the resistance of 230.00 USD. On Saturday, the BCH price dipped below the four-hour EMA55 and continued to decline until it reached support around 210.00 USD. On Sunday, buyers tried to restore the price from this level, but so far it has not been possible to gain a foothold above the POC line (212.44 USD).

Today the decline will reach the level of 23.6% Fibo (206.96 USD) and if buyers can find support here, the bulls will resume attempts to restore the price to the resistance of 230.00 USD.

LTC / USD

Last Saturday, trading volumes declined, but the price of LTC could not stay in the area of ​​the four-hour EMA55. On December 1, the pair's decline reached support for 50% Fibo (45.82 USD).

Buyers tried to restore the price tomoving average, but in the end this morning sellers returned the pair to a fifty percent fibonacci level. The decrease took place at medium volumes, and we believe that the daily local minimum is possible today at around 45.00 USD. From this area, the bulls will try to continue recovering above the average price level.

EOS / USD

Over the weekend, the price of EOS could not keep itsPositions above the four-hour EMA55. On Sunday, the pair fell to the level of 2.70 USD, and on the last day of the week, buyers tried to gain a foothold above the average price level.

However, sellers rolled back a couple this morningyesterday's low area. A reversal to recovery is possible here. If buyers can increase their purchases, the pair could update the Sunday local maximum and test the level of 3.05 USD.

XLM / USD

On Sunday morning, the XLM price rollback stopped at around 0.055 USD. Buyers began to restore the pair to the hourly EMA55, but failed to gain a foothold at the average price level.

This morning, the price of Stellar returned to the zoneyesterday's support and from this level, buyers can try to break through the resistance of the hourly moving average EMA55. The maximum is possible in the resistance area of ​​0.060 USD, and on the POC line (0.059 USD), the price will try to consolidate in consolidation.