September 26, 2022

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 in wide lateral range. After an unsuccessful attempt by buyers on Saturday to overcome the resistance of the four-hour EMA55, the pair fell back to the support of 23.6% Fibo, and yesterday there was another attempt to break through this level of average prices. The daily maximum was fixed in the region of 216.00 USD, however, it has not yet been possible to gain a foothold above the moving average.

Today in the morning we again expect a pullback to the level of 23.6% fibonacci. Buyers can count on support in this area and plan another attempt to break into 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 fell below the support of the Point Of Control line, and on Sunday, with very low market activity, buyers were able to test the 50% Fibo level (45.82 USD).

Foothold over a fifty percent levelFibonacci pair could not and in the morning returned to the watch EMA55. 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 purchases, supported by large volumes, is able to break through the resistance of 50% Fibo and set a daily maximum around 47.00 USD.

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

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

Last night, the price returned to the moving average and it seems that this level of average prices is not coping 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

Three weeks four-hour EMA55 hardrestricts buyers' attempts to recover above the moving average. Last weekend, the price of Stellar was not able to break through this powerful resistance and consolidated all night in a narrow range at around 0.056 USD.

If the cryptocurrency flagship today cannot drag the rest of the altcoin markets into growth, then 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.