Analysis of altcoins: NEO, EOS, LTC, IOTA and Lumens as of 02/28/2018

Altcoins are in an uptrend at the moment, we can see a growing move in IOTA, positive dynamics on the charts of EOS and to some extent NEO, which despite breaking the resistance line remains susceptible to selling pressure at $150

At the moment, buyers can open long positions in these three altcoins, and look for a moment to enter Lumen, assuming that prices find support at $0.35

XLM/USD

Over the last 24 hours, we could see two clear price directions. 

The first is related to the levels of the gradual increasing lows of the recent bullish breakout above the BB average on the four-hour time frame. Secondly, we cannot ignore the impact of $0.40 - the resistance area and bullish indicator on the daily time frame.

Our plan is simple. We are trading in a bullish pattern, but will cancel this strategy if sellers push the price below last week's low of $0.32. 

Be that as it may, the moving average MA 20 may become the first support level that can prevent a decline. If the price returns to last week's highs, expect strong buying pressure above the $0.40 support line on the daily time frame.

IOT/USD

IOTA is showing a huge bullish candle, IOTA supporters and bulls are now bullish. Our bullish predictions have come true. The daily time frame clearly shows a breakout and close above the BB level, which is critical to our analysis.

According to our forecast yesterday, we should take the first level of profit, and any high level will mean that we need to open orders and move our bullish targets to $3.00.

EOS/USD

We see a nice bounce from the breakout line and a nice bullish candle confirming the initial bounce on the four-hour time frame.

This state of affairs is likely to continue today, and for those who were waiting for bullish confirmation, the February 27 low at $7.9 will become a short-term support line.

Otherwise, this price action hints at the presence of large buyers, and our target of $10 remains the same. 

LTC/USD

Sellers are still pushing prices, and despite support at the moving average MA20 at $200 and $210 on the four-hour time frame, yesterday’s bearish candle may push prices up to $180..

LTC sellers should now look for an opportunity to sell, especially if there is a dip below $205 on the four-hour time frame, which is slightly below the BB average.

NEO/USD

At $140, buyers can move their stop losses previously set at $120 to $125 and wait for further evaluation. 

Our target is still $170, and any dip below $130 is a good opportunity to enter with a purchase for those who have not done so before.

According to https://www.newsbtc.com