October 1, 2022

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/13/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/13/2019

Can the bulls hope for a price recovery on Friday the thirteenth?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/13/2019

Yesterday morning decline stopped again around the mark of 203.00 USD. Buyers restored the price of BCH above the level of 23.6% Fibo (206.95 USD), but the pair turned the level of average prices.

This morning, a two-hour moving averageEMA55, as before, acts as a serious line of resistance, through which buyers have still not been able to break through. The absence of large volumes of purchases does not give any results in the recovery of the pair above EMA55, therefore the pair is marking sideways at the level of 23.6% fibonacci.

If the bulls form a powerful impulse and breaklevel of average prices, a breakthrough above the POC line is possible. Otherwise, the bears will strengthen their presence in the market and knock the pair out of the sideways into the psychological mark of 200.00 USD.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/13/2019

Yesterday, trading volumes were small and during the day the price of Litecoin updated the weekly low at 42.74 USD. There is no significant rollback yet, the LTC price is struggling in a narrow range below the average price level.

On the daily time frame, the indicator lines went intooversold zone and now a recovery signal has begun to form. Perhaps before the end of this week, the bears will still have time to test the target level of 38.2% Fibo (40.26 USD) before buyers begin the recovery.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/13/2019

The price of EOS yesterday updated the weekly low to 2.52 USD. However, there was no strong pressure from sellers and the pair was located in the lateral range below the average price level.

Buyers today will continue to attempt to overcome the two-hour moving average EMA55. If recovery is not supported by volumes, then the pair will return to the zone of yesterday's low.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/13/2019

Yesterday, Stellar price continued its slow declineand updated the weekly low at 0.051 USD. Small volume buyers are trying to restore the pair, but testing the resistance of 0.053 USD has not yet been possible.

If the bulls today manage to form a powerfulmomentum, they will break this resistance and test the POC line (0.056 USD). If the volumes are at a low level, the pair will consolidate in the consolidation around the level of 0.052 USD.