Analysis of Bitcoin Cash, EOS, Stellar Lumen and Litecoin as of September 14, 2018

The altcoin market was inspired by the recovery and the bulls are gradually regaining levels, after a series of updates to annual lows

BCH/USD

Yesterday Bitcoin Cash broke through the red downward trend line and settled slightly higher, in the area of ​​the yearly minimum set exactly a month ago, on August 14th. This is a resistance zone that could pull back the BCH price. Although the stochastic is in the overbought zone, a downward signal has not yet been formed. 

In the future, we expect a re-test of the resistance of 500.00 USD and the price consolidating above the lower border of the side corridor, in which the pair was located for quite a long time. We believe that over the weekend the pair will be able to reach the midline of the sideways trend at 540.00 USD. 

EOS/USD

The EOS price broke through the upper limit of the narrowing range, in which it consolidated for almost a whole week. Yesterday, after a retest of the zero fibonacci level of 5.509 USD, the pair was able to remain in the area of ​​average prices. Stochastic has already formed a signal to decline, but we believe that after a short consolidation, attempts to recover above the level of 5.509 USD will continue. We believe that at the end of the week the price may reach the area of ​​5.900 USD. 

XLM/USD

Stellar Lumen ranks sixth in terms of capitalization on CoinMarketCap, displacing Litecoin from the second three this year. LTC failed to quickly win its place in the sun, so it is still content with seventh place in this ranking. 

After many altcoins (including Litecoin), when leaving the sideways range, dropped and updated annual lows, the XLM price for a long time tried to stay in consolidation below the lower limit (0.209 USD) of its sideways range. The minimum was recorded at 0.181 USD, despite the fact that the annual minimum level is at 0.155 USD. 

The price of Stellar began to recover a day earlier than other alts and yesterday broke through the resistance of the lower border of the sideways band, testing the level of average prices. Today we expect the price to consolidate within the sideways range and re-test the resistance of 0.221 USD. 

LTC/USD

Yesterday, on medium volumes, the Litecoin price tested the resistance of 53.44 USD.. After this, purchase volumes began to grow sharply, bullish pressure intensified and the price overcame this level, consolidating within the recent sideways range. 

Stochastic has left the neutral area into the overbought zone and is generating a signal for the pair to decline. After consolidating above the lower border of the sideways band (53.44 USD), the price recovery will continue towards the moving average EMA55.  

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