Analysis of Bitcoin Cash, Stellar Lumen, EOS and Litecoin as of November 23, 2018

Today the price has emerged from yesterday’s consolidation and some altcoins even managed to update their lows. But we believe that after the end of the corrective recovery, prices will continue the sideways trend.

BCH/USD

Yesterday the BCH/USD pair tested the strength of the support level of 200.00 USD. The bears managed to push just below this support, but managed to fix the minimum only at a shallow depth of 190.00 USD. Now the pair is trying to recover above the resistance level of two hundred and the market is gradually becoming more active, reaching average trading volumes. However, we cannot yet talk about a strong bullish impulse. It is possible that the pair will spend the coming weekend in a flat, near the key support at around two hundred dollars.  

XLM/USD

The Stellar Lumen price yesterday broke through key support at 0.181 USD, setting a low at 0.177 USD. However, this morning, during the correction, we managed to test the area of ​​0.190 USD. The recovery in the XLM price looks quite confident, but it is not yet clear how strong the impulse will be and whether it will be further supported by volumes. If today the pair can recover into the purple corridor, then the weekend may pass in this sideways range. 

EOS/USD

Yesterday’s consolidation took place above the support level of 3.650 USD. Tonight this support level was broken and in the morning the bears managed to update the low of November 20th. Now the annual minimum is at 3.410 USD. Now the EOS price is in a correction phase and has recovered to yesterday’s level, just above the support of 3.650 USD. We believe that after a local maximum in the area of ​​3.800 USD, the pair will continue yesterday’s sideways trend. 

LTC/USD

The exit from yesterday's consolidation resembles a false breakout, but may not be one. 

Tonight, the LTC price broke through the lower boundary of the narrowing consolidation and tried to test the key support level of 30.00 USD. The correction that began did not allow the bears to update the yearly minimum of 30.22 USD and restored the Litecoin price to its previous level. The continuation of the correction does not yet have a confident prospect, so we believe that until the weekend the pair will be in a sideways range, directly near the thirty-dollar level.