Analysis of Bitcoin Cash, EOS, Stellar Lumen and Litecoin as of December 20, 2018

Yesterday, altcoins recorded weekly highs. Will the market be able to stay in the green zone today?

BCH/USD

Yesterday’s pullback from the local high of 121.99 USD was not long and looked more like consolidation on the hourly chart. After lunch, the growth continued and the price of Bitcoin Cash ABC came close to the 150.00 USD mark. 

Over the past 24 hours, Bitcoin Cash ABC has increased its capitalization to $2.4 billion and returned to fourth place in the list of the most capitalized crypto assets. Trading volumes have now decreased significantly, but we believe that today the BCH price will try to break through the resistance of 150.00 USD and gain a foothold in this area. 

EOS/USD

Yesterday’s EOS price pullback was within the yellow corridor. An attempt to test the resistance of 3.00 USD ended at a weekly high of 2.89 USD. Today, from the yellow rectangle, the pair will once again try to break through to the target level of 3.00 USD. At the end of the day, the price of EOS will roll back into the same yellow corridor. 

XLM/USD

Before rolling back to the moving average EMA55, the Lumen price recorded a weekly high yesterday at 0.133 USD. Today, a new attempt is being made to re-test the resistance at 0.140 USD from the average price level. So far, trading volumes are below average and another attempt at growth looks rather unconvincing. Even if a retest of the 0.140 USD level takes place today, the price of Stellar Lumen will end the day in consolidation, in the area of ​​0.111 USD. 

LTC/USD

Litecoin yesterday consolidated at the support level of 30.00 USD and even managed to set a weekly high at 31.59 USD. During the day, the price was unable to stay above the key level of 30.00 USD and at night it consolidated in the area of ​​29.00 USD. A new bullish impulse will follow from this level today, which will update the weekly high to the 23.6% fibonacci level (33.43 USD). However, before the end of the day, the LTC price will roll back to the support of 30.00 USD.