November 27, 2022

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 levels resistance, then until next week the market will be in flat.

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

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

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

If buyers use the support of the moving average EMA55, then 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 EMA55 watch stopped a pullback from a recent high and the pair consolidated in a narrow sideways corridor between the average price level and 38.2% Fibonacci resistance (40.26 USD).

Today, buyers will attempt to break through the upper border of the side range and gain a foothold above it, and at the weekend will continue to recover to the area of ​​44.00 USD.

If sellers are behind the POC line (40.02 USD), then consolidation in the field 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

The price of EOS consolidated yesterday in a narrow range of $ 2.42 - $ 2.50. In the evening, buyers tried to break through the upper limit of the range, but she kept the pair in the 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 fight in a narrowing side range.

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

Yesterday, XLM / USD consolidated under hourlyEMA55. Trading volumes were low, and the pair could not break above the average price level. Before the end of the week, buyers can still make attempts to restore the price to the psychological mark of 0.050 USD. More daring bull attempts 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.