Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12.19.2019

Yesterday the bulls went on the offensive and were able to demonstrate some price recovery from Decemberlows.

BCH / USD

Yesterday in the first half of the day the pair consolidated inconsolidation above the level of 174.00 USD. After lunch, market volatility increased sharply and after a re-test of the support of 170.00 USD, the BCH price began to recover. The growth was quite dynamic, so that before the end of the day the price came very close to the level of the two-hour moving average EMA55.

Volumes dropped overnight, but the pair was unable totest the average price level due to the rollback that has begun. We believe that the rollback will stop around the 181.00 USD mark, and in this area the pair will be able to consolidate in a short-term consolidation.

LTC / USD

Yesterday LTC price after December updateminimum at 35.80 USD, began to recover. Strong bullish momentum contributed to growth above the 38.2% Fibo level (40.26 USD). Late at night, a local maximum was set at 41.64 USD, and as a result of the rollback, the pair returned to the area of ​​39.35 USD.

Some reduction is still possible, but we believe that buyers from this area will try again today to try to restore the price of Litecoin to yesterday's maximum.

EOS / USD

Yesterday, at the beginning of the day, the EOS/USD pair consolidated insideways range below the level of 2.24 USD. In the afternoon, trading became more active and in the evening, purchase volumes began to exceed the average level. The EOS price recovered quite quickly to the two-hour EMA55, and at the end of the day, the bullish momentum broke through the resistance of the 2.50 USD level.

Volumes decreased overnight and the pair rolled back to the average price level. Now the EMA55 moving average is holding the price from further rollback.

We believe that buyers today may make another attempt to consolidate above the level of 2.50 USD.

XLM / USD

Yesterday, the volatility of the XLM/USD pair increased sharply, and after a re-test of the annual bottom, which is at the 0.042 USD mark, the bulls went on an assault on the average price level.

There was no point in counting on strong growth; only late at night did the price manage to break through the two-hour EMA55, but then a rollback began, as a result of which the pair returned to the support of 0.045 USD.

We believe that in this area the pair will be able to consolidate a bit and continue to recover in order to gain a foothold over the level of average prices.