June 25, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/06/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/06/2019

Yesterday's attempts by buyers to restore prices were very weak. Will there be a strong bullish momentum today?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/06/2019

Yesterday, the bulls broke through the hourly EMA55 level, but we did not see a significant recovery.The pair has consolidated above the level of average prices and is consolidating in a narrow range. 

To continue the recovery, buyers need to overcome the resistance of the four-hour moving average EMA55. 

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/06/2019

This average price curve since the middle of last month limits buyers' attempts to exit the local downtrend.It is quite possible that before the end of the week, buyers will be able to break through this resistance and test the level of 230.00 USD. 

If the bulls miss the opportunity to break through to their target levels today, then sellers mayseize the initiative and roll the pair back below the psychological mark of 200.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/06/2019

Yesterday, buyers tried to continue the recovery, but at the level of average prices, trading volumes decreased, and the pair moved sideways.The bulls lack the potential to test the 50% Fib level (45.82 USD), their opportunities are limited by the fair price on the POC line (45.12 USD). 

In the first half of the day the market may retrace the retracement of 43.00 USD, followed byExpect repeated attempts to test the fifty percent Fibonacci level. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/06/2019

As a result of a long struggle for the level of average prices, buyers were able to gain a foothold above the hourly moving average EMA55.Since the beginning of the week, the pair has been showing rising lows, but it has not yet been possible to significantly increase the volume of purchases. 

By the end of this week, buyers can still storm the target bullish levels, but on medium volumes, there will be a potential for recoveryis bounded by a yellow dotted line. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/06/2019

Yesterday, buyers exhausted the limits of attempts to break through the level of average prices.Tonight, the pair settled on the moving average and is beating in a sideways range. 

According to the indicators on the four-hourand an eight-hour time frame, there is still potential for recovery to the area of ​​0.060 USD, but if the activity of market participants is low, then over the weekend the pair will slowly roll back to support 0.053 USD.