Analysis of Bitcoin Cash, Stellar Lumen, EOS and Litecoin as of November 22, 2018

Yesterday's sideways trend may end today and the market will continue to decline.

BCH/USD

Yesterday the price of Bitcoin Cash was declining, but it has not yet been possible to push the price to the target level of 200.00 USD. The minimum was fixed at 220.22 USD, after which it managed to crawl back to the area of ​​230.00 USD and then the pair tried to move sideways at an incremental step. 

There are practically no trading volumes, but under bearish pressure, each step sideways shifts quotes to the zone of yesterday's minimum. The situation is complicated by the fact that not all trading platforms have provided traders with access to BCH deposits. For example, Coinbase has not yet unblocked access to Bitcoin Cash accounts, so their owners are forced to simply watch as the balances in their trading account melt away. Today the pair will come close to the two hundredth level and will test its strength. 

XLM/USD

Yesterday the price of Stellar Lumen was able to recover into the purple corridor, but it was not possible to stay in it. 

The pair fell outside the purple range and tried several times to overcome the resistance of its lower border at 0.208 USD, but it turned out to be quite strong. Now the XLM price is forced to consolidate below the lower border of this corridor, gradually narrowing the consolidation range. The exit from the triangle will most likely be directed towards the continuation of the downtrend and may break through the support level of 0.181 USD. 

EOS/USD

Yesterday’s recovery in the EOS price turned into a sideways trend at a local maximum of 3.967 USD. On the hourly time frame, a narrowing sideways pattern is currently emerging, but expanding the amplitude to the support level of 3.65 USD can keep the pair from falling further. But if the overall market trend continues the global downtrend, then a break of this support could lead to a decline to the 3,200 USD area. 

LTC/USD

Yesterday the LTC price was able to recover only to the area of ​​34.10 USD. This morning, the local maximum has been updated to 34.60 USD. 

However, this recovery is taking place on declining volumes and is unlikely to continue. Our yesterday's forecast to update the minimum of 30.22 USD is still relevant and will be realized after exiting the narrowing range.