Bitcoin Cash, Litecoin, EOS and Stellar Lumen price analysis on 04/22/2020

Today we expect the completion of short-term market consolidation in a narrow range and the resumptionrecovery dynamics.

BCH / USD

Yesterday, buyers were unable to continue recovery above the Point Of Control line, but sellers were not particularly active, so the price was in a narrow sideways range. 

Today consolidation under the POC indicator linemay continue, and in the near future we can expect a recovery in the area of ​​average prices. If the price breaks the two-hour EMA55, the pair will again enter a wider blue range. 

LTC / USD

Yesterday the bears were unable to increase sales volumes,and the pair settled above the POC line. At the end of the day, the price renewed its daily maximum at 41.30 USD, but during the Asian session it was not possible to continue growing into the area of ​​average prices. 

Today we expect the Litecoin price to test the two-hour EMA55 and buyers will try to continue rising. 

If at the level of average prices sellers seize the initiative and do not allow the pair to reach the fifty percent Fibonacci level, then the LTC price may roll back below the Point Of Control line (40.40 USD). 

EOS / USD

Yesterday, buyers failed to increase volumes, andEOS price failed to demonstrate a strong recovery. The pair has pulled up to the level of average prices, but has not yet been able to overcome the two-hour moving average EMA55. 

If purchase volumes can be increased today, buyers will still have a chance to update the April maximum. 

XLM / USD

Yesterday in the morning the XLM/USD pair was stuckin a sideways range at the level of average prices. Towards the evening, buyers began to become active and the price of Stellar continued to recover. By the end of the day, the pair reached 0.052 USD. 

Today, growth will continue to the area of ​​the ascending green trend line. We believe that today the bulls will break this resistance if they can form a powerful impulse.