April 23, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/11/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/11/2019

Today we should expect a market recovery, but will it be productive?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/11/2019

Yesterday the level was 23.6%Fibo (206.95 USD) held the BCH price against sellers for half a day.In the late afternoon, the bears pushed through this support level and set a low around 203.00 USD. 

At night, buyers tried to return the price above the 23.6% Fibonacci level, but it has not yet been possible to gain a foothold above it in consolidation.Today, buyers will continue to try to test the average price level, but sellers canresume the pressure and the price will retrace to the psychological level of 200.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/11/2019

Yesterday, sellers managed to push through the support of 44.00 USD, but we did not see a significant decline.The local low was set at 43.62 USD.At night, it was difficult for the bears to move deeper, and in the morning, buyers returned to the support of 44.00 USD. 

Today there will be attempts to break above the levelaverage prices, to the POC line, but if the watch EMA55 depresses the pair, the rollback will continue, and closer to the weekend we can see the update of the recent low (42.17 USD), which was fixed on November 25.

 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/11/2019

Yesterday, sellers increased the pressure and by the evening, the EOS price set a low of 2.57 USD.Over the past night, buyers have restored the price to the area of 2.60 USD and are trying to continue growing. 

They may be able to test the hourly EMA55, but to overcome thisIf the volume stays low during the day, the pair will return to yesterday's low. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/11/2019

The XLM/USD pair broke through the support of 0.053 USD and reversed at the low point of 0.052 USD. 

At night, buyers tried to restore the pair to the level of average prices, but it was not possible to test the hourly EMA55 until the morning.Today, buyers will try to take advantage of the support of 0.053 USD and try again to break through the EMA55 moving average.If the bulls are able to increase the volumes, then the growth will reachPOC line (0.056 USD). 

 If it is not possible to overcome the level of average prices, then the price will updateyesterday's low.