January 28, 2023

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% fibonacci. At the end of the day, sellers pierced this level, but the price was able to gain a foothold above the support of 23.6% fibo (206.95 USD). In the morning, the pair beats in a narrow range and buyers cannot achieve any significant recovery.

If the support will withstand the onslaught of sellers, thenBuyers will be able to fruitfully work on restoring the pair above the level of the hourly EMA55. If today the sellers increase the pressure, then they will break the support, and the decline will continue to the psychological mark of 200.00 USD.

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

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

In the evening, the price pierced the resistance level, but a sudden bearish impulse pushed the pair to the area of ​​44.00 USD. At this level, the price was able to consolidate in a narrow range.

However, level 44.Today 00 USD may not be able to withstand the pressure of the bears, then the price of Litecoin will fall to the area of ​​the November low (42.17 USD). If the bears manage to update the minimum of November, then they will have to forget about the recovery above the fifty percent level of fibonacci.

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

Yesterday, the hourly EMA55 level could not 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 to overcome the resistance of the line Control points does not work.

If sellers increase pressure, then declinewill continue to the area of ​​2.60 USD. A sharper bearish momentum may push the price to the 2.50 USD mark. After such a decline, the recovery in 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 were not able 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.