September 28, 2022

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 level of the EMA55, but we did not see a significant recovery. The pair has fixed itself above the average price level 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 monthrestricts buyers' attempts to exit the local down trend. It is 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 today the bulls miss the opportunity to break through to their target levels, then sellers can seize the initiative and roll back the pair below the psychological mark of 200.00 USD.

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

Buyers tried to continue yesterday.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% Fibo level (45.82 USD), their capabilities are limited by the fair price on the POC line (45.12 USD).

Today, in the morning, a rollback to the area of ​​the mark of 43.00 USD is possible, then we should expect repeated attempts to test the fifty-percent level of fibonacci.

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 mediumprices, buyers were able to gain a foothold over 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 purchases.

By the end of this week, buyers can still storm the target bull levels, however, at medium volumes, the recovery potential will be limited by the yellow dashed line.

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

Yesterday, buyers have exhausted the limit of attempts to break through the average price level. Tonight the pair settled down on the moving average and beats in the side 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.