Analysis of the prices of Bitcoin Cash, Cardano, Litecoin, EOS and Stellar for 07/17/2020

Until the end of this week, the price decline may continue.

BCH / USD

Yesterday the bears broke through support220.00 USD and set the daily minimum around 217.00 USD. By the end of the day, the price of bitcoin cash was able to recover to the area of ​​224.00 USD and is trying to gain a foothold there in a narrow consolidation. 

If buyers manage to continuerecovery, then the price will test the two-hour EMA55 level. We believe that by the end of the week a decline to support at the 23.6% fib level (206.96 USD) is possible. 

ADA / USD

Yesterday sellers broke the level of two-hour EMA55,which has been supporting the dynamically growing price of Cardano since the beginning of July. The daily minimum was marked at 0.118 USD, after which the pair recovered to the area of ​​average prices. 

Until this morning, the price of ADA was unable to break through the resistance of 0.127 USD, and low purchase volumes will contribute to the short-term consolidation of the pair in a sideways range. 

If it is not possible to increase the volume of purchases, then the price will not be able to recover above the ascending trend line and will sink to the area of ​​0.110 USD. 

LTC / USD

Yesterday, the bears significantly rolled back the price of Litecoin,but they failed to test the support of 38.2% fib (40.26 USD). The decline stopped at 40.81 USD, and the price rebounded to around 42.00 USD. In this zone, the pair is trying to find support in order to continue recovery to the average price area. 

However, in the near future, bearish pressure may resume, and the price will fall below a fairly strong support, which is the 38.2% fibonacci level. 

EOS / USD

Yesterday's decline in the price of EOS led to an update of the weekly minimum to the level of 2.43 USD. 

Despite the rebound to the 2.50 USD area, today the decline may continue to support 2.40 USD, and before the end of the current week the pair may update the July low at 2.30 USD. 

XLM / USD

Stellar – this is the only asset from the CoinMarketCap TOP that yesterday managed not only to continue growing after a pullback below the average price level, but also to update its annual maximum. 

During the Asian session, the XLM price broke through the psychological level of 0.100 USD and set a new annual record at 0.105 USD. 

This morning the pair rolled back a bit, butwe believe that in the area of ​​the psychological level of 0.100 USD, the price may meet support and continue to rise to a new maximum in the area of ​​resistance at 0.110 USD.