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 low.

BCH / USD

Onthe 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 will be able toIf the bulls find support, the bulls will resume trying to restore the price to the resistance of 230.00 USD. 

LTC / USD

Last Saturday, trading volumes decreased, but the price of LTC failed to stay around the four-hour EMA55.On December 1, the pair's decline reached the support of 50% Fib (45.82 USD). 

Buyers tried to restore the price to the moving average, but as a result, sellers returned the pair to the 50% Fibonacci level this morning.The decline was based on medium volumes, and we believe that today the daily local low is possible 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 EOS price failed to maintain its positions above the four-hour EMA55.On Sunday, the pair's decline reached 2.70 USD, and on the last day of the week, buyers tried to gain a foothold above the average price level. 

However, this morning, sellers rolled the pair back to yesterday's low.A reversal of the recovery is possible here.If the pair increases the volume of purchases, the pair could update the Sunday local high and test the level of 3.05 USD. 

XLM / USD

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

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.