Analysis of Bitcoin Cash ABC, Stellar Lumen, EOS and Litecoin as of 11/19/2018

After market consolidation last weekend, prices resumed falling. Today the annual minimums are expected to be updated again.

BCH/USD

After the BCH hard fork and a two-day hashrate war, the leading exchanges left the symbol BCH for Bitcoin Cash ABC, and a new ticker BSV was introduced for the Bitcoin Cash VS fork. According to the CoinMarketCap rating, BTC still remains fourth in terms of capitalization, but compared to the weekend, the volume has decreased by $200 million and now stands at $6.5 billion.

The decrease in capitalization is due to the fact that this morning the price of BCH broke through the support level of 380.00 USD, which kept the BCH/USD pair in consolidation over the weekend. Today it is possible to update the global minimum, which last week was set at the round mark of 350.00 USD. A rebound may occur from the level of 330.00 USD. 

XLM/USD

Over two weekends, the price of Stellar Lumen has made a difficult recovery path from the level of 0.238 USD to the resistance of 0.260 USD. Immediately after the high at 0.260 USD, overnight, the XLM price returned to the previous level of 0.238 USD, and this morning it broke through this support and fell into the purple corridor. We believe that before the end of the day the price can test the lower border of this corridor (0.208 USD).

EOS/USD

Over the weekend, the EOS price consolidated in a sideways range above the support level of 4.600 USD. After a retest of the red line of the local downtrend, the price continued to decline and broke through the level of 4.600 USD tonight. In the morning, the decline did not stop and broke through the support of 4,400 USD. The next step is to test the strength of the 4,200 USD milestone. It is not yet clear whether the bears will be able to push to the psychological level of 4.00 USD today, but the market has not yet stopped the fall, so a retest of the four-dollar level is quite possible. 

LTC/USD

Over the weekend, trading volumes for Litecoin were quite low and the price consolidated above the level of 41.00 USD, in a sideways range. Tonight, the LTC price decline resumed and the next morning the pair broke through the support level of 39.90 USD. We believe that the next annual minimum may be in the area of ​​37.00 USD. A rebound to the area of ​​38.40 USD is possible from this level.