Bitcoin Cash, Litecoin, EOS and Stellar Lumen price analysis on 04/14/2020
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| Bitcoin Cash, Litecoin, EOS and Stellar Lumen price analysis on 04142020 |
Today, buyers will not be able to break above the average price level, and the rollback may continue. Yesterday, during the day, the confrontation between buyers and sellers continued on the Point Of Control line (222.58 USD). Sellers rolled back the price of bitcoin cash below the POC indicator line and indicated a daily minimum around 216.00 USD.
In the evening, buyers restored the price to the POC line, and at night the weak growth continued, and the price came close to the resistance of 230.00 USD.
This morning, buyers can not break above the lower limit of the blue range. Our forecast for yesterday is still relevant: there is a high probability of a reversal and a rollback to support at the level of 23.6% Fibo (206.96 USD). Yesterday, buyers kept the Litecoin price at 38.2% Fibo (40.26 USD). At the end of the day, they were able to begin recovery, which lasted until the morning. Weak growth took place at small volumes and stopped in the area of the two-hour EMA55.
Now buyers do not have enough strength to test the resistance of the moving average EMA55, and today it is highly likely that sellers will break yesterday's support level of 38.2% Fibonacci. As a result of the rollback, the LTC price may sink below the POC line. Yesterday, trading volumes were quite low and sellers were unable to continue the pullback below the level of 2.30 USD. On declining volumes, buyers restored the pair to the average price range, but today it is not possible to overcome the two-hour EMA55 level.
The pair will reverse and decline to support 2.20 USD. Yesterday, the lower green trend line supported the XLM / USD pair, and buyers restored the price above the average price level.
This morning, growth stopped and the pair returned to support the trend line. If sellers increase the pressure, they will break the support and may roll the pair back to the POC line area (0.0397 USD).
