Analysis of Bitcoin Cash, Stellar Lumen, EOS and Litecoin as of November 29, 2018

The correction phase continues and new daily highs are expected today

BCH/USD

Yesterday’s assault on the two-hundred-dollar level resistance was unsuccessful for Bitcoin Cash. The BCH price turned around at the daily high of 196.96 USD and rolled back to the previous price level, to the area of ​​180.00 USD. Moving mostly sideways all week, the pair managed to “crawl” beyond the red trend line. Today, using the support of the red downtrend line, the BCH price will make another attempt to storm the resistance of 200.00 USD. We hope that at least this time the price will be able to gain a foothold in the area of ​​230.00 USD. 

XLM/USD

Yesterday, the XLM/USD pair was able to consolidate above the support level of 0.155 USD and continue to grow towards the resistance of 0.170 USD. After reversing at a high of 0.171 USD, the Lumen price fell back to the support of 0.155 USD, still holding fifth place in the ranking of cryptocurrency capitalization. Today the pair will make a second assault on the resistance at 0.170 USD. A possible maximum point will be in the area of ​​0.181 USD. A pullback should be expected to the level of average prices. 

EOS/USD

Yesterday, the desperate growth of EOS in the fight for fifth place in the CoinMarketCap rating ended at a daily high of 3.40 USD. The decline to last week’s minimum did not allow EOS to rise from the sixth place in the ranking, being inferior in terms of capitalization to Stellar Lumen. Today we can expect another attempt to gain a foothold above the resistance of 3.65 USD. If this works out, then before the end of the week it is possible to continue growing towards the resistance of 4.400 USD.

LTC/USD

Yesterday, the Litecoin price continued to recover to the upper border of the pink downtrend corridor and set a maximum in the area 36.00 USD. It has not yet been possible to break through the boundary of the downward trend and the LTC price has returned to the previous price level, to around 32.75 USD. Today, from the moving average line EMA55, buyers initiated a new assault on the border of the pink corridor. But the volume of purchases is still small and there are serious doubts that the LTC rate will break out of the pink range of the downtrend. If today we still manage to break through the upper limit of this range, then the maximum can be fixed in the area of ​​38.00 USD.