Today, altcoins prices may drop to new weekly lows.
BCH / USD
On Friday the thirteenthbuyers formed an impulse that broke through the average price level and tested the POC line. However, to gain a foothold at the levelControl Pointsit 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 23.6% fib level (206.95 USD).
On Sunday there was a feeble attempt to recover. With decreasing volumes, the pair rose to the level of average prices, but failed to overcome it.
Now the BCH price is trying to gain a foothold in a narrowthe range in which it spent quite a lot of time last week, using the support at 203.50 USD. As long as there is no pressure from the bears, the pair will remain above this level. Increased selling pressure will lead to a breakthrough of the support at 203.50 USD and a rollback below the psychological level of 200.00 USD.
LTC / USD
Last Friday, buyers were able to restoreprice above the two-hour EMA55. On the daily time frame, the indicator lines left the oversold zone. However, significant recovery was not achieved.
Over the weekend, the couple returned to the region againweekly low, and buyers' attempt to repeat the recovery turned out to be much weaker than on Friday. The pair was unable to overcome the average price level.
Today trading is calm and the price is slowis approaching the minimum of November 25, around the 42.00 USD mark. If bearish pressure intensifies, the price may test the 38.2% fib level (40.26 USD).
EOS / USD
Over the weekend, EOS price pulled back below the POC line (2.61 USD) and is trying to maintain a narrowing consolidation using support at 2.55 USD.
Last week, sellers succeeded several timespierce this support and fix a local minimum in the area of 2.52 USD. If the pressure increases, the pair will break through the 2.50 USD level and test the yellow dotted line 2.40 USD.
XLM / USD
On Friday, buyers failed to form a strong bullish impulse and were unable to overcome the resistance of 0.053 USD. On Saturday, the pair rolled back to 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.