Analysis of Bitcoin Cash, EOS, Stellar Lumen and Litecoin as of 10/24/2018

The altcoin market continues to consolidate. None of the pairs in question went beyond the side corridor

BCH/USD

As expected, Bitcoin Cash spent yesterday in a flat, although a significant narrowing of the consolidation range has not yet been observed. Today, on low volumes, the sideways trend will continue. 

EOS/USD

The EOS price yesterday could not break through the zero fibonacci level of 5.509 USD in order to test the upper border of the triangle. Thus, the amplitude of the pair’s sideways fluctuations decreased and the consolidation range narrowed even more. A breakout of the lower border of the triangle is already close, but it is difficult to say exactly when this will happen. We believe that today the movement in the flat will continue.  

XLM/USD

Yesterday, moving within a side corridor, the price of Stellar Lumen decreased towards support from the upper border of the purple corridor. The moving average EMA55 kept the pair from re-testing this level and tonight the price recovered to its previous level. The narrow sideways movement will most likely continue this afternoon. 

LTC/USD

Litecoin price consolidated at 23.6% fib (52.32 USD). It was not possible to break through this Fibonacci level and test the resistance of 53.44 USD during the day. Today the sideways trend will continue. It is likely that its range may narrow further.