How deep will today's pullback from the overnight high be? Will growth continue?
EOS/USD
Yesterday the EOS price consolidated around 2.60 USD. The pair then fell to the lower limit of the range of 2.40 USD, then fixed the maximum at 2.77 USD. There is no overnight bullish momentum on the EOS price chart like there is on the BTC chart. This suggests that the correlation between them has decreased for some time. We believe that the EOS/USD pair will roll back to the lower border of the rectangle today, and after its re-test there is a possibility of growth towards the resistance of 3.00 USD.
If the lower border of the yellow rectangle does not reverse the price of EOS, then the rollback will last to the level of the moving average EMA55, which is currently in the area of 2.100 USD.
XLM/USD
Yesterday, Stellar Lumen consolidated at the average price level, and the bullish momentum set a maximum at 0.125 USD. In the cryptocurrency capitalization rating, Lumen has closed the gap with EOS, but is still in fifth place in the CoinMarketCap rating with $2.2 billion.
The rollback from the overnight high has stopped at 0.120 USD, but we believe that it may continue to the level of the moving average EMA55, which is located around 0.111 USD.
BCH/USD
The price of Bitcoin Cash ABC yesterday evening overcame the resistance of the psychological level of 100.00 USD, and continued to grow overnight until it reached a maximum at 122.00 USD. Intensive growth allowed Bitcoin Cash ABC to improve its position in the overall capitalization ranking and take sixth place with $1.99 billion, displacing Litecoin to eighth place. Today's pullback will not break through the support of the psychological level of 100.00 USD. Price consolidation is possible in this area.
The growth of Bitcoin Cash SV was unconvincing and failed to reach the resistance of 90.00 USD, not to mention the psychological hundred. Therefore, the asset remained in penultimate 9th place in the top ten most capitalized cryptocurrencies. Today's pullback will only worsen the situation and increase the gap between the two BCH forks.
LTC/USD
Yesterday's Litecoin price pullback was not deep enough to test the average price level. The overnight bullish impulse picked up the price in the area of 28.00 USD and returned above the level of 30..00 USD, however, support at this level is not yet able to cope with today's pullback. The price may drop to the target level, to which large overnight purchases of Litecoin coins prevented it from falling. This is the level of the moving average EMA55, near the zero fibo (26.31 USD). We believe that further growth to the 23.6% Fibonacci level is unlikely.
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