Analysis of Stellar Lumen, Bitcoin Cash, EOS, and Litecoin as of 12/10/2018

Despite the current decline, the market recovery phase has not yet ended. We determine the nearest resistance levels for correction.

XLM/USD

Over the weekend, the price of Stellar Lumen was in a flat, every now and then testing the strength of the upper limit of the pink downtrend corridor. At the end of the week, it was possible to break through it, but the XLM price cannot yet rise above the maximum of 0.131 USD. Today, a pullback from Sunday's high and a retest of the upper limit of the pink range is expected. It can act as support and the pair will continue to recover to the level of 0.140 USD. 

BCH/USD

Based on the results of the past week, Bitcoin Cash ABC managed to win fifth place in the cryptocurrency capitalization ranking. At the end of the week, the price of Bitcoin Cash ABC managed to gain a foothold above the psychological mark of 100.00 USD and gained a slight advantage in capitalization compared to Bitcoin Cash SV, which ended the week at 100.00 USD and ranks seventh in the CoinMarketCap rating. 

But the balance of power still remains shaky and the scales tip one way or the other. It looks like we will continue to see intense competition between these forks. We believe that after today's pullback below the support of 100.00 USD, both Bitcoin Cash ABC and Bitcoin Cash SV will be able to continue their recovery. Only BCH ABC will recover, in the near future, to the resistance of 150.00 USD, and BCH SV will be limited to 120.00 USD. 

EOS/USD

Last Friday, the price of EOS updated its yearly low to 1,550 USD. Over the weekend, the pair recovered to a high of 2.127 USD. Today, after consolidation in the area of ​​2.00 USD, the recovery may continue to the level of the moving average EMA55, which is currently in the area of ​​2.300 USD on the four-hour time frame. If the bullish impulse is so strong that it breaks through the average price level, then a re-test of the red trend line around the 2.400 USD mark is possible. 

LTC/USD

The price of Litecoin on Friday set a new yearly minimum at 22.25 USD, and over the weekend it was in a sideways range between the level of the yearly minimum and the zero fib (26.31 USD). Several times there was an attempt to break through the 0% fib level, but each time the pair rolled back to the price area of ​​24.00 USD per litecoin.. Today, after the rollback is complete, the LTC price will resume recovery in the area of ​​the annual minimum, which is capable of breaking through the upper boundary of the downtrend corridor. But whether the pair will be able to consolidate above the zero fibo level is still an open question. It will be impossible to do this on small volumes.