Today, a slight decrease in the price of altcoins is theoretically possible, but the general sideways trend of the market will continue
BCH/USD
Bitcoin Cash yesterday consolidated in the yellow corridor, above its lower border. Today the price will drop even lower and test the support of 433.00 USD. We believe that today the movement in the flat will continue.
EOS/USD
Yesterday the EOS price moved in a narrow range, below the lower line of the green triangle. It is possible that today the pair will fall even lower, to around 5.333 USD, but the decline will take place within a sideways trend.
XLM/USD
The price of Stellar Lumen held above the upper border of the purple corridor yesterday, but today this support may be broken and the pair will enter the sideways range in which it was for a long time in August 2018.
LTC/USD
The second attempt in the consolidation process to break through the 23.6% fib resistance (52.32 USD) ended yesterday with Litecoin, having reached the daily high of 52.04 USD, turned to decline. Thus, the Litecoin consolidation range has narrowed even further, and today the pair continues to move within the narrowing boundaries of this corridor.
We maintain neutrality and observe what is happening.
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Analysis of Stellar Lumen, Bitcoin Cash, EOS, and Litecoin as of 12/14/2018
Bearish pressure may resume with renewed vigor, which will lead to new annual lows. But for now the market is trying to consolidate at current prices.
Analysis of the situation in the cryptocurrency market from August 22 to August 27, 2022
Bitcoin has been in uncertainty for the past few days. What will happen next? KickEX analysts consider either $21,800 as a positive target for movement, or, in the event of a breakdown and consolidation below the $20,800 level, a continuation of the movement to levels below $19,000.
