Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12.24.2019

Yesterday the market was unable to continue its recovery to new weekly highs. Will the average price level be able tokeep couples from deep pullback?

BCH / USD

Yesterday trading volumes were light and the BCH price slowly declined throughout the day. At the end of the day, the pair rolled back to the average price level. 

At night, sellers sold a two-hour EMA55, but the pair is trying to stay in consolidation in a narrow range. Today, the range can expand to support around 183.00 USD

LTC / USD

Yesterday, buyers failed to increase volumes, and by the end of the day the pair rolled back to the average price level. 

At night the decline continued, but the rollback can be stoppedsucceeded at the support level of 38.2% fibo (40.26 USD). From this level, buyers are trying to restore the price, but so far they cannot cope with the resistance of the two-hour EMA55. 

Today, price consolidation in this narrow range is possible. 

EOS / USD

Yesterday buyers managed to break through resistance2.60 USD, but the response from sellers pushed the pair back to the average price level (2.50 USD). Near this support the price consolidates in a narrow range. 

We believe that today the pair will be able to stay in the range of $2.50 – $2.60, but if at the end of the day the bears increase pressure, then the pair may sink to the area of ​​2.35 USD. 

XLM / USD

Yesterday, the price of Stellar resisted for a long time at the level of average prices, but at the end of the day, sellers still pushed the price below the two-hour EMA55. 

Now the decline has stopped at 0.045 USD and the pair is trying to recover. We believe that today buyers will be able to return the pair to its previous level, into the area of ​​average prices.