November 27, 2022

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

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

Today, a bullish impulse is expected again, but buyers are looking tired and cannot overcome the level. average prices.

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

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 levelsupport trying to repeat yesterday's breakthrough to bullish goals, however, purchases fell at the level of an hourly EMA55, and the pair got bogged down in consolidation. If the bulls break through the average price level, then yesterday's local maximum may be updated to the level of 230.00 USD.

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

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

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

This morning, buyers are trying to repeat the recovery above the fifty percent level of Fibonacci, but so far they can not overcome the resistance of the average price level.

If the bulls manage to organize a breakthrough, then the maximum is possible in the region of 48.00 USD. If it is not possible to overcome the moving average level, then a rollback to support of 42.00 USD is not ruled out.

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

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

At the moment, the battle with the bears is with varying success, but if sellers increase pressure, the pair will roll back to the area of ​​2.50 USD.

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

Yesterday, buyers connected volumes and were able to restore the Stellar price above the average price level. 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 the hourly EMA55 cannot be overcome, the pair may roll back to the area of ​​November lows of 0.053 USD.