February 1, 2023

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12.16.2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12.16.2019

Today, altcoins prices may drop to new weekly lows.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12.16.2019

Friday the thirteenth buyers formed an impulse that broke through the average price level and tested the POC line. However, gain a foothold at Control Points it didn’t work out.

On Saturday morning, the pair rolled back to the two-hour EMA55, and in the evening of the same day the price fell below the level of 23.6% Fibo (206.95 USD).

On Sunday there was a feeble attempt to recover. In declining volumes, the pair grew to the level of average prices, but failed to overcome it.

Now the price of BCH is trying to gain a foothold in the narrowthe range in which I spent quite a lot of time last week, using support of 203.50 USD. As long as there is no pressure from the bears, the pair will stay above this level. Increased seller pressure will lead to a breakthrough of support of 203.50 USD and a pullback below the psychological mark of 200.00 USD.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12.16.2019

Last Friday, buyers were able to recoverThe price is higher than the two-hour EMA55. On the daily time frame, the indicator lines left the oversold zone. However, a significant recovery was not achieved.

At the weekend, the pair again returned to the area of ​​the weekly low, and the buyers' attempt to repeat the recovery was much weaker than on Friday. The pair could not overcome the average price level.

Today, trading is calm, and the price is slowis approaching a minimum of November 25, to the area mark 42.00 USD. If the bearish pressure intensifies, then the price can test the level of 38.2% Fibo (40.26 USD).

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12.16.2019

Over the weekend, the EOS price rolled below the POC line (2.61 USD) and is trying to stay in a tighter consolidation, using support of 2.55 USD.

Last week, sellers managed several timespierce this support and fix a local minimum in the area of ​​2.52 USD. If the pressure intensifies, the pair will break through the level of 2.50 USD and test the yellow dotted line 2.40 USD.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12.16.2019

On Friday, buyers failed to form a strong bullish momentum, and they could not overcome the resistance of 0.053 USD. On Saturday, the pair rolled back to around 0.050 USD.

This year, the price of Stellar has already dropped belowthis psychological level. On September 24, the annual minimum was set at 0.049 USD. In the near future, the annual minimum may be updated to the value of 0.048 USD.

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