Analysis of Bitcoin Cash, EOS, Stellar Lumen and Litecoin as of 10/30/2018

Bearish breakout of two-week consolidation pushes altcoin prices to downside target levels

BCH/USD

Bitcoin Cash yesterday broke through the lower boundary of the yellow consolidation range and, under the influence of a bearish impulse, updated the value of the absolute minimum to the level of 407.46 USD, which was previously at 407.70 USD. After a slight rebound, the price continues to decline, but not as intensely as yesterday. We believe that today the pair will reach the area of ​​the psychological support level of 400.00 USD.

EOS/USD

The EOS price broke through the narrowing border of the green triangle and rushed from the five-dollar line. The pair barely reached the target level, setting a minimum at 5.049 USD. Today the pullback will end at 5.185 USD and the price will resume falling below the support level of 5.00 USD. 

XLM/USD

The price of Stellar Lumen yesterday decreased within the purple corridor. A fairly strong support level inside the corridor of 0.221 USD kept the pair from declining to its lower border. However, today the price fall may continue and at the end of the day we should expect a re-test of the support at 0.209 USD. 

LTC/USD

Yesterday, the bearish impulse broke through the support of 51.12 USD of the side range of the LTC/USD pair and set a low at 47.39 USD. Not reaching the zero fibonacci level (47.07 USD), the pair turned around for a rollback. 

Now there is a slight increase in purchase volumes from the level of 48.50 USD, so there are no obvious signs of a price decline yet. Stochastic on the four-hour and eight-hour charts show price growth. We believe that the recovery may last up to 50.00 USD. In the near future, we should expect a resumption of the fall towards the target level of decline of 47.07 USD.