June 19, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/20/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/20/2019

If buyers' attempts to break through to new weekly highs are limited to the nearest levelsresistance, then until next week the market will be in a flat.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/20/2019

Yesterday's pullback stopped at the low of 183.40 USD. During the day, buyers tried to break through the hourly EMA55 and gain a foothold above the average price level. However, tonight sellers returned the pair to the area of ​​yesterday's low. 

Now there is no bearish pressure, and the pair is consolidating at the level of average prices. If the bears repeat the overnight impulse, the pair will fall below the POC line (181.75 USD). 

If buyers take advantage of the support of the moving average EMA55, they will return the price to the psychological level of 200.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/20/2019
  

Yesterday, the hourly EMA55 stopped the pullback from the recent high and the pair consolidated in a narrow sideways corridor between the average price level and the 38.2% fibonacci resistance (40.26 USD). 

Today, buyers will attempt to break through the upper boundary of the sideways range and gain a foothold above it, and over the weekend they will continue to recover to the area of ​​44.00 USD. 

If sellers defend the POC line (40.02 USD), then consolidation in the area of ​​average prices will continue until the end of the week. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/20/2019

EOS price yesterday consolidated in a narrow range of $2.42 – $2.50. In the evening, buyers tried to break through the upper limit of the range, but it kept the pair in a side corridor. 

If today the bulls manage to continuerecovery of the pair and exit the flat, then by the end of the week the pair will be able to test the POC line (2.71 USD). Otherwise, until next week, the pair will struggle in a narrowing sideways range. 

 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/20/2019

Yesterday the XLM/USD pair consolidated under the hourlyEMA55. Trading volumes were low and the pair was unable to break above the average price level. Before the end of the week, buyers may still attempt to restore the price to the area of ​​the psychological mark of 0.050 USD. More daring attempts by the bulls will be limited by the resistance of 0.053 USD. 

However, if at the weekend it is not possible to increase the volume of purchases, then the pair will remain in the lateral range.