June 19, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/9/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/9/2019

Will bulls be able to storm target levels today?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/9/2019

Last weekend, the price of BCH spent inAfter an unsuccessful attempt by buyers to overcome the resistance of the four-hour EMA55 on Saturday, the pair rolled back to the support of 23.6% retracement, and yesterday there was another attempt to break through thisThe daily high is fixed at 216.00 USD, but it is not yet possible to gain a foothold above the moving average. 

Today, in the first half of the day, we expect a pullback to the level of 23.6% Fibonacci.Buyers can count on support in this area and plan another attempt to break through to the area of 230.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/9/2019

On Saturday, the pair rolled back below the support of the Point Of Control line, and on Sunday, with very low market activity, buyers were able to test the 50% Fib level (45.82 USD). 

The pair failed to gain a foothold above the 50% Fibonacci level and returned to the hourly EMA55 in the morning.If this level of average prices does not withstand the pressure of sellers, then a drawdown below the POC line (45.11 USD) is possible. 

A new wave of buying, supported by large volumes, is able to break through the 50% Fib resistance and set a daily high around 47.00 USD. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/9/2019

Over the weekend, EOS trading took place at extremely low volumes.The pair managed to gain a foothold above the hourly EMA55 level and set a maximum around 2.80 USD at the end of the week. 

Over the past night, the price has returned to the moving average and it looks like thisThe level of average prices cannot cope with the support. 

As a result, today the pair can test the POC line (2.69 USD) in a pullback, after which buyers will resume attempts to break above resistance in the area of ​​2.80 USD.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 12/9/2019

For three weeks, the four-hour EMA55 has been severely limiting buyers' attempts to recover above the level of the moving average.Last weekend, the price of Stellar failed to break through this powerful resistance and consolidated in a narrow range at 0.056 USD overnight. 

If the cryptocurrency flagship today will not be able to drag you into growthother altcoin markets, the XLM/USD pair will remain below the average price level. 

If we wait for a powerful bullish momentum, then the price will test the target mark of 0.060 USD.