Analysis of Bitcoin Cash, EOS, Stellar Lumen and Litecoin as of December 26, 2018

If the decline from the morning high does not meet support at the level of average prices, then the pullback could be quite deep

BCH/USD

Last week, Bitcoin Cash ABC set a weekly high at 239.00 USD, and yesterday the price of BCH tested the support of 150.00 USD. However, such a decline still allows Bitcoin Cash ABC to maintain fourth place in the top ten most capitalized crypto assets with a result of $3.1 billion.

Yesterday’s consolidation with support at 150.00 USD gives hope for a re-test of resistance at 200.00 USD, but since the beginning of this week, purchase volumes have decreased significantly. Low market activity may lead to a breakthrough of the support level of 150.00 USD and a decline to 120.00 USD. 

Yesterday, the price of Bitcoin Cash SV rolled back below the psychological level of 100.00 USD and consolidated in the area of ​​90.00 USD. This gives the right to claim only 9th place in the top ten largest cryptocurrencies by capitalization. 

This morning there was an attempt to test the hundred-dollar line, but the resistance of the moving average EMA55 did not allow Bitcoin Cash SV to break above the average price level. We believe that in the near future the price of BCH SV will roll back to the support of 72.00 USD. 

EOS/USD

EOS remains in fifth place in the CoinMarketCap ranking, having almost the same capitalization volume as Stellar Lumen, approximately $2.3 billion. Tonight, the upper border of the yellow rectangle turned the growing price of EOS into a sideways range. We believe that today a re-test of the lower border of the yellow range, in the area of ​​2.40 USD, is quite likely. 

XLM/USD

The price of Stellar Lumen yesterday consolidated in the area of ​​average prices. Overnight growth above the moving average took place on low volumes. Soon the price turned downward and, with such low market activity, it looks like it could roll back to the support of 0.111 USD.

LTC/USD

Tonight, the growth of the Litecoin price with decreasing volumes was limited to a maximum of 32.00 USD. This morning the price has returned to the level of average prices and will soon test the support of 30.00 USD. If the pair fails to maintain consolidation near this key support level, then the fall may continue to the zero fibonacci level of 26.31 USD.