Bitcoin Cash, Litecoin, EOS and Stellar Lumen price analysis on 06/02/2020

Altcoin prices are returning to the May highs; today buyers will try to continue growing.

BCH / USD

Yesterday during the day a couple for a long timeconsolidated in the two-hour EMA55 area, and only late in the evening did growth begin, as a result of which buyers broke through the upper border of the side corridor. 

June high set in Asian sessionaround 264.00 USD. In the morning the price rolled back, but the border of the blue range at 260.00 USD kept the pair from returning to the side channel. 

If today buyers manage to continue growing, then the price of bitcoin cash will set another local maximum in the area of ​​$267 – $270. 

LTC / USD

Yesterday, buyers were able to increase volumes and continue the recovery of the Litecoin price. The first weekly high was set around 49.00 USD. 

There is a slight pullback in the morning, but weWe believe that today the growth will continue and the next maximum is possible around the 50.00 USD mark. In the event of a subsequent pullback, weak support can be expected somewhere at the level of 47.50 USD. 

EOS / USD

Yesterday at the end of the day, buyers beganincrease purchase volumes, and tonight the price of EOS broke through the resistance at 2.80 USD. In the morning, a local maximum was recorded around 2.85 USD. 

Now buyers have found support in the zonemaximum, at the level of 2.83 USD, and will definitely try to continue growing. If the attempt is successful, the price will test the resistance of 2.93 USD, however, by the end of the day, the pair may return to the current support level of 2.83 USD. 

XLM / USD
  

On the first day of summer, the Stellar price broke through the resistance of 0.076 USD and was able to return to the May high zone. 

This morning, the pair indicated a local maximumat the point of 0.081 USD and will try to continue growth to the area of ​​the annual maximum, which was set in February 2020 at around 0.089 USD. In case of a rollback, support may be the level of 0.076 USD.