June 19, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/25/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/25/2019

Today, a slight decline in prices is possible, but pairs will be able to return to the side corridor.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/25/2019

Yesterdayall day the pair consolidated in a narrow range below the average price level. In the evening, sellers pushed back the lower limit of consolidation, setting the daily low at 184.94 USD. 

Today, consolidation will continue with support around 183.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/25/2019

The Litecoin price yesterday consolidated around the 38.2% fibo level (40.26 USD). Before the end of the day, buyers were limited by the resistance of the two-hour moving average EMA55. 

At night, the price dipped below level 38.2% Fibonacci, and this morning, buyers can not yet recover above it. Until the end of the day, consolidation will continue, and a local daily minimum is possible around 39.20 USD.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/25/2019

Yesterday, the EOS/USD pair remained in the $2 range.50 – $2.60. Buyers received additional support from the rising moving average EMA55, but before the end of the day the pair was unable to test the upper limit of the range. 

Today we should expect continued consolidation in the yellow dotted corridor, and after a re-test of the resistance of 2.60 USD, the pair will return to the average price level. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/25/2019

Yesterday, buyers tried to return the XLM/USD pair toaverage price level. However, after the price broke through the two-hour EMA55, it failed to stay in the high zone, and the pair returned to a narrow consolidation range around the 0.045 USD mark.   

Today, consolidation will continue, but during the day a re-test of the level of 0.044 USD is possible.