June 17, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/10/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/10/2019

Can sellers push current support levels today?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/10/2019

Yesterday, the pair rolled back to the level of 23.6%At the end of the day, sellers punctured this level, but the price was able to gain a foothold above the support of 23.6% Fib (206.95 USD).In the morning, the pair is beating in a narrow range and buyers cannotto achieve some kind of significant recovery. 

If the support withstands the pressure of sellers, then buyers will be able to fruitfully work on the pair's recovery above the hourly EMA55 level.If sellers increase the pressure today, they will break through the support and continue falling towards the psychological level of 200.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/10/2019

Yesterday morning, the pair sank below the hourly EMA55, and buyers picked up the LTC price from the POC line, and during the day stubbornly restored it to the 50% Fib level (45.82 USD). 

In the evening, the price broke through the resistance level, but a sudden bearish impulse threw the pair back to the area of 44.00 USD.At this level, the price was able to consolidate in a narrow range. 

However, the level of 44.00 USD may not withstand the bearish pressure today, then the price of Litecoin will sinkIf the bears manage to update the November low, they will have to forget about the recovery above the 50% Fibonacci level for a while. 

  

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/10/2019

Yesterday, the hourly EMA55 level failed to keep the pair in consolidation and the price fell below the POC line (2.68 USD).At night, buyers tried to restore the price, but overcome the resistance of the lineControl pointsIt doesn't work. 

If sellers increase the pressure, the market may continue falling towards 2.60 USD.A sharper bearish momentum could push the price back to the 2.50 USD mark.After such a decline, the recovery to the area of 2.80 USD will lose its relevance. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/10/2019

Yesterday, buyers failed to overcome the resistance of the average price level, and gradually the pair began to roll back to the support of 0.053 USD. 

At night, the decline stopped at around 0.054 USD, but today there is a high probability of a break of support at 0.053 USD. We assume that the daily minimum may be in the area of ​​0.052 USD.