Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/05/2019

A second bullish momentum is expected today, but buyers still look tired and can'tOvercome the levelaverage prices.

BCH / USD

Yesterday, buyers managed to break through the resistanceFibonacci level 23.6% (206.95 USD). As soon as the price fixed in the region of this level, a strong bullish momentum in a matter of minutes set a maximum at 220.72 USD. The rollback followed very quickly, and until the end of the day, the price could not gain a foothold over the POC line (212.20 USD). The pair returned to the support of 23.6% Fibo (206.95 USD)

This morning, buyers from this support level are trying to repeat yesterday's spurt to bullish targets, however, purchases decreased at the level of the hourly EMA55, and the pair got bogged down in consolidation.If the bulls break through the level of average prices, then yesterday's local high mayupdate to 230.00 USD. 

And if the bears manage to intercept the ninciative, the price will roll back below the psychological mark of 200.00 USD. 

LTC / USD

Yesterday, after a sharp jump in the LTC price above the 50% Fib level (45.82 USD), the pair returned to the support of 44.00 USD. 

This morning, buyers are trying to repeat the recovery above the 50% Fibonacci level, but so far they have not been able toovercome the resistance of the average price level. 

If the bulls manage to organize a breakout, then the maximum is possible around 48.00 USD.If it is not possible to overcome the level of the moving average, then a pullback is not excludedto the support of 42.00 USD. 

EOS / USD

Yesterday, the bulls broke through the average price level and set a local high around 2.83 USD.It was not possible to stay above the hourly EMA55 and today buyers are again leadingstruggle at this level. 

At the moment, the fight with the bears is going on with varying success, but if the sellers strengthenpressure, the pair will roll back to the area of 2.50 USD. 

 

XLM / USD

Yesterday, buyers connected volumes and were able to restore the price of Stellar above the level of average prices.In the morning, the pair returned to the support of 0.055 USD, from where yesterday's recovery began. 

Today, attempts to continue the recovery will be repeated, but if it is not possible to overcome the hourly EMA55, then the pair maywill roll back to the area of November lows of 0.053 USD.