Over the weekend, altcoins were mostly in a sideways range. But now, after a short recovery, the downtrend may resume
XLM/USD
Stellar Lumen on Saturday updated its annual low to 0.093 USD, breaking through the support of 0.100 USD. On Sunday, the bearish pressure eased and the price was able to recover above this support level. Today, after a short-term consolidation, the pair may recover to the level of the moving average EMA55, which is located around the 0.111 USD mark. If the bears remain passive today, the pair will be able to gain a foothold above the average price level and test the 0.120 USD mark.
EOS/USD
Over the weekend, the EOS price was able to stay above the purple ray of 1.782 USD. This morning, on declining volumes, the pair recovered above the average price level and tested the red line of the downtrend. We believe that it will not be possible to overcome the resistance of the trend line and the sideways dynamics with support in the violet ray area will continue.
LTC/USD
The Litecoin price was in a sideways range last Saturday with support at the purple ray level of 22.78 USD, and on Sunday the LTC price was able to recover to the zero Fibonacci level 26.31 USD. This dynamics made it possible to maintain the capitalization volume equal to $1.6 billion and overtaking Bitcoin Cash ABC to take seventh place in the top ten most capitalized crypto assets. Today the pair will try to maintain this advantage, consolidating above the 0% fib level (26.31 USD)
BCH/USD
Saturday’s decline in Bitcoin Cash ABC was not limited to support at the level of 80.00 USD. The pair set a minimum at 73.50 USD, but managed to recover to the support level on Sunday. At the moment, the stochastic is in the overbought zone and is generating a downward signal. We believe that a re-test of the psychological level of 100.00 USD is unlikely. After a short consolidation, the decline will continue to the minimum, to the area of 60.00 USD.
Bitcoin Cash SV set a minimum at 62.60 USD. On Sunday, the price was able to consolidate above the support level of 72.00 USD, but the stochastic in the oversold zone formed a signal to decline. We believe that the decline may stop at 54.00 USD.. Over the weekend, Bitcoin Cash SV lost about $100 million in capitalization and is now in 9th place, with $1.3 billion in assets, while closing the list of cryptocurrencies with a capitalization of over one billion US dollars.
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