Analysis of the prices of Bitcoin Cash, Cardano, Litecoin, EOS and Stellar for 07/21/2020

Yesterday, the altcoin market mainly consolidated in the area of ​​average prices. Weakness of buyers so fardoes not allow recovery to proceed.

BCH / USD

Yesterday, during the day, sellers rolled back the pricebitcoin cash is below the two-hour EMA55 level. During the Asian session, buyers had to restore the pair from the support level of 220.00 USD to the area of ​​average prices. 

Today during the day the BCH price may test the lower border of the blue corridor and return to the moving average EMA55. 

ADA / USD

Cardano price in the middle of this monthstopped the rapid July growth and rolled back below the average price level. Yesterday, buyers failed to break through the resistance of the two-hour EMA55, and at the end of the day the price set a weekly low at 0.115 USD. 

Tonight the couple tried to recover inarea of ​​average prices, but until the morning it was not able to test the moving average EMA55. During the day, buyers will try to continue the recovery and test the resistance of 0.127 USD. 

However, if they are unable to overcome the average price level, the pair may roll back to a new weekly low in the support area of ​​0.110 USD. 

LTC / USD

Yesterday buyers were unable to keep the pair higheraverage price level. Despite the fact that selling pressure increased by the end of the day, the pair limited itself to a rollback to the area of ​​41.44 USD, and at night a recovery began, which returned the LTC price to the two-hour EMA55. 

Low buyer activity does not yet providethe price can continue to recover to the resistance area of ​​44.00 USD, and annoying pressure from sellers does not exclude our yesterday’s forecast for a rollback of the pair to the support area of ​​38.2% fib (40.26 USD). 

EOS / USD

Yesterday, buyer activity was below average and they were unable to break through the resistance of 2.60 USD. 

At the end of the day, the EOS price retreated to supporttwo-hour moving average EMA55, but as of this morning the pair has recovered to the POC line (2.58 USD) and the pair will continue to consolidate in a sideways range throughout the day. 

XLM / USD

Yesterday, the bears pushed through the support of the average price level and the pair rolled back to the 0.094 USD area. 

Today, the decline may continue to the support area of ​​0.091 USD, and from this level, buyers will engage in the recovery of the Stellar price to the two-hour EMA55.