November 27, 2022

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/03/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/03/2019

After a short-term consolidation, buyers will continue to attempt to restore altcoin prices.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/03/2019

Yesterday, the BCH price found support at around 210.00 USD. The bullish impulse, which allowed the price to recover to the hourly EMA55, kept the pair from further decline.

It is not yet possible to break through the resistance of the average price level and the pair is located in a narrowing corridor between this resistance level and the support of the POC line (212.40 USD).

We believe that today trading volumes will remain low and the pair will continue lateral movement in a narrowing corridor.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/03/2019

Yesterday, the daily local minimum was set toaround the mark of 45.00 USD. From this area, buyers tried to continue the recovery, but they barely managed to break through the resistance level of 50% Fibo (45.82 USD), but failed to test the sentinel EMA55.

Recovery was supported by volumes abovethe average level, but when the volumes decreased, the pair settled down in the lateral range with the upper limit at the level of 50% Fibo (45.82 USD). The role of the lower border of the range can be played by the Point Of Control line, which is now at around 45.20 USD.

We believe that today the movement in the side corridorwill continue and the pair will meet support in the area of ​​the POC line. If buyers want to expand the range of consolidation, then the moving average EMA55 will limit their appetites.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/03/2019

Yesterday in the area of ​​the local minimum 2.66 USD the price of EOS turned around on the recovery. However, the bulls could not increase the volume, the recovery was sluggish, and after a re-test of the average price level, the pair smoothly switched to flat.

We believe that after short-term consolidationprice recovery will continue to the target bull level of 3.05 USD. Most likely, it will be possible to test this level only in the second half of this week.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/03/2019

Yesterday, the pair tried to recover from the support level of 0.055 USD to the level of hourly EMA55. Recovery was not supported by volumes and the pair moved to consolidation in the side corridor.

Today, consolidation is expected to continue. If sellers can sell support of 0.055 USD, then there may be a reciprocal surge in activity of buyers who can seize the initiative and break through the upper border of the side corridor. In this case, the maximum is possible in the area of ​​the POC line (0.059 USD).