Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/17/2019

Market decline reached new lows. Today we are trying to determine the annual support levels.

BCH / USD

While trading volumes were at a low level, the BCH / USD pair was kept in the lateral range with support at around 203.50 USD.

Yesterday's recovery was not continuedabove average prices. From the two-hour EMA55, the bears sold the price below the psychological mark of 200.00 USD, and at the end of the day they set a minimum at 193.24 USD.

At night, the price rebounded to 198.00 USD, but consolidation there in the consolidation is not yet possible. Even at small volumes, the pair rolls back to yesterday's low. We believe that soon the December minimum may reach the level of 191.00 USD.

LTC / USD

Yesterday began quietly, bidding took placewith a slight advantage on the side of sellers. The price gradually decreased, but in the evening the bearish pressure intensified and the pair broke the support of the 38.2% Fibo level (40.26 USD). The daily minimum is set at 38.96 USD.

There was a short rebound at night, but the price could not overcome the 38.2% fibonacci level. Today, sellers will resume pressure and the price will continue to decline to the support area of ​​37.00 USD.

EOS / USD

Yesterday at the end of the day the pair broke through the bottomthe border of the wide lateral range of 2.50 USD and continued to fall, below the low of November 25 (2.35 USD). This time, the monthly minimum was set at 2.28 USD.

We believe that for the EOS price, the annual bottom may be somewhere in the support area of ​​2.24 USD.

XLM / USD

Yesterday, the Stellar annual minimum was updated to the level of 0.046 USD, and today the decline continues and the bottom is not yet visible ... The capitalization of Stellar Lumen fell below $ 1 billion.

We believe that the decline may slow down around the level of 0.045 USD, and signs of recovery will appear from the level of 0.044 USD.