Can the bulls hope for a price recovery on Friday the thirteenth?
BCH / USD
Yesterday morning declineagain stopped around the 203.00 USD mark. Buyers restored the BCH price above the 23.6% fib level (206.95 USD), but the pair was reversed by the average price level.
This morning, two-hour moving averageEMA55 is still a serious resistance line, which buyers have not yet been able to break through. The absence of large volumes of purchases does not provide effectiveness in restoring the pair above EMA55, so the pair is stagnate at the 23.6% fibonacci level.
If the bulls form a strong impulse and break throughlevel of average prices, then a breakout above the POC line is possible. Otherwise, the bears will strengthen their presence in the market and push the pair out of the sideways pattern into the area of the psychological mark of 200.00 USD.
LTC / USD
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 enteredoversold zone and now a signal for recovery has begun to form. Perhaps by the end of this week, the bears will still have time to test the target level of 38.2% fib (40.26 USD) before buyers begin to recover.
EOS / USD
The EOS price yesterday updated its weekly low to 2.52 USD. However, there was no strong pressure from sellers and the pair settled in a sideways range below the average price level.
Buyers today will continue to try to overcome the two-hour moving average EMA55. If the recovery is not supported by volumes, the pair will return to yesterday’s low zone.
XLM / USD
Yesterday the price of Stellar continued its slow declineand updated the weekly low at 0.051 USD. Buyers on small volumes are trying to restore the pair, but it is not yet possible to test the resistance of 0.053 USD.
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.