Bitcoin Cash, Litecoin, EOS and Stellar Lumen price analysis on 05/27/2020

Altcoin price cuts have halted in consolidation, but will bears be able to continue the decline?

BCH / USD

Yesterday pressure from sellerswas absent, and after the BCH price rolled back to the area around 223.00 USD, the pair managed to recover to the lower border of the blue corridor before the end of the day. At night, the price of bitcoin cash consolidated in a narrow sideways range, on the approaches to the resistance of 230.00 USD. 

If buyers can continue in the morningrecovery, they will test the two-hour moving average EMA55. We believe that after a short consolidation the decline will continue to support the 23.6% fib (206.96 USD). 

LTC / USD

Over the past day, the Litecoin price movement in the sideways range has remained. The pair marked a daily low at 41.76 USD and recovered to the area of ​​the POC line (42.61 USD). 

Today, price recovery may be limited to the two-hour EMA55, while the pair will continue to consolidate in a sideways range for some time. 

The exit from consolidation will be directed towards the local downtrend and soon the pair will test the support of 38.2% fib (40.26 USD). 

EOS / USD

Yesterday, the pair rolled back from the area of ​​average prices to the zone of a weekly minimum, but as of this morning the asset managed to maintain the price at the average level. 

Today the consolidation under the two-hour EMA55 will continue. 

If buyers in small volumes canovercome the moving average resistance, then a re-test of the 2.60 USD resistance is possible. However, we believe that the flat in the area of ​​average prices will continue, and further movement will be directed downward towards the purple trend line. 

XLM / USD

Yesterday, after a rollback to the weekly low zone, the price of Stellar completely recovered to the area of ​​average prices. 

If buyers can not break the resistance of 0.066 USD, then soon, the price of XLM will begin to decline and will update the minimum at around 0.060 USD.