Bitcoin Cash, Litecoin, EOS and Stellar Lumen price analysis on 04/29/2020

Today, altcoin prices may update their April highs and turn lower.

BCH / USD

YesterdayBitcoin cash price remained in consolidation forlevel of two-hour EMA55. Tonight, buyers tried to continue growing above the resistance of 250.00 USD, but in the morning they were only able to reach the level of 246.00 USD. 

If today during the day they manage to continue to rise in price, then the pair could test the upper limit of the blue corridor. 

However, on the hourly time frame, indicatorsStoch RSI lines form a downward signal. Therefore, in the near future we should expect a reversal and a rollback below the support of the green dotted trend line. Perhaps the lower boundary of the sideways range will be able to stop the fall. 

LTC / USD

Yesterday the green dotted line of localthe upward trend kept the pair from declining in the purple channel. Buyers, with great difficulty, were able to overcome the upper limit of the downward channel, and already tonight they continued to grow towards the fifty percent Fibonacci level. 

In the morning a local maximum was established in the areamarks 46.60 USD. We believe that buyers intend to continue growing, with the goal of renewing the April high, set at the beginning of the month at 46.89 USD. A new monthly high can be expected in the area of ​​48.00 USD. Somewhere in this area a downward reversal is possible. 

EOS / USD

Yesterday during the day the EOS/USD pairconsolidated in a sideways range at the level of average prices. Sellers managed to break through the two-hour EMA55, but the support of the dotted trend line did not allow the price to fall out of the rising channel. 

Tonight, buyers tried to get out of the sideways range, but in the morning they got stuck in its upper limit at the level of 2.80 USD. 

If the growth continues, the pair will update the April high in the area of ​​the three-dollar level, after which the price will turn downward. We believe a rollback is possible towards the support of 2.60 USD. 

XLM / USD

Yesterday, the price of Stellar rolled back to the 0 mark.067 USD, and buyers did not dare to storm the average trend line for a long time. The pair hovered in a narrow sideways trend at the level of 0.068 USD, and only this morning you can notice a slow rise to the zone of yesterday’s high. 

Today it is possible to update the April maximum in the area of ​​0.075 USD and roll back to the average price level.