The morning lows gave a good impetus for new purchases of altcoins. But will they continue when the price loses its attractiveness near yesterday's consolidation level? Let's look at the graphs
XLM/USD
Yesterday, the bears managed to push the XLM price below 0.155 USD, which is the lower limit of the sideways range. However, having set a low of 0.142 USD this morning, the price returned to the level of 0.155 USD. It seems that in this area there is another resistance in the form of the upper boundary of the downtrend, which prevents recovery
Stochastic indicates an upcoming correction, which could well develop to the resistance of 0.170 USD, but whether the pair will be able to overcome the boundary of the pink corridor of the downtrend is not yet clear. If the red border turns the XLM/USD pair down, then the first line that will provide support will be at the level of 0.140 USD.
BCH/USD
This morning the price of Bitcoin Cash tested yesterday's target at 150.00 USD. Around the low of 144.89 USD, the market revived and volumes of purchases, much higher than the average level, supported the price above the 150.00 USD mark. Further recovery of BTC to the area of the moving average EMA55 is still in question. Most likely, the decline will continue to a new annual minimum in the area of 120.00 USD.
EOS/USD
The EOS price yesterday failed to narrow the consolidation range and the continued decline of the pair updated the value of the yearly minimum to 2.302 USD. There were quite a lot of purchases at minimum prices. So much that the EOS price was able to return to yesterday’s closing level and test the boundaries of yesterday’s sideways trend, in the area of 2.550 USD. It is possible that the trend towards price recovery will continue, but it is too early to talk about a re-test of resistance at the three-dollar line.
LTC/USD
Yesterday the Litecoin price was declining and after breaking through the upper border of the pink downtrend corridor, the pair tested the thirty dollar level. This level provided support for the LTC price and the pair was able to break out of the pink range again.
Whether the Litcoin price will be strong enough to stay higher is still an open question. The stochastic indicator on small time frames shows a possible price increase. However, on the daily chart the oscillator is in the overbought zone and we give priority to the probability of the Litecoin rate falling below the level of $30 per lite..
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