After a short consolidation, the market decline will resume.
BCH/USD
Yesterday, Bitcoin Cash was peacefully consolidating in the yellow side channel when, after a re-test of its lower boundary, the bullish impulse broke through the upper level of the range, setting a maximum at the point of 474.00 USD. A sharp rollback of prices to the previous level continued the sideways consolidation.
The forecast for the price to decline to the absolute minimum level of 407.70 USD is still relevant and in the near future, after a second re-test of the level of 460.00 USD, the fall of BCH may resume.
EOS/USD
Yesterday's short-term jump in volatility helped the EOS price break through the zero fibonacci level (5.509 USD) and, after re-testing the lower border of the ascending green corridor, gain a foothold above the average price level. The moving average EMA55 acts as a support line for the EOS sideways range. But in the near future, the support will be broken and the price will head towards a re-test of the 5.00 USD level.
XLM/USD
Stellar Lumen, being in a sideways range near the lower border of the purple corridor, was exposed to a rushing bullish impulse and, having broken through the upper border of this sidebar, tested the green trend line growth.
Soon the XLM price returned to the sideways range and is trying to consolidate under the moving average EMA55. We believe that in the near future we will see a decline to the support area of 0.181 USD.
LTC/USD
Litecoin, with increasing volatility, broke through the upper limit of the red downtrend corridor and set a maximum at 57.02 USD. After a rollback to the previous level and normalization of volatility, the LTC price was able to recover to the key level of 53.44 USD. The positive mood around Litecoin was supported by fundamental news about the inclusion of this coin in the listing on the Gemini exchange.
We believe that after re-testing the upper limit of the red corridor of the downward trend, the pair will continue to decline in this corridor and will test in the near future zero fibonacci level 47.05 USD.
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