Analysis of altcoins: NEO, EOS, LTC, IOTA and Lumens as of 03/02/2018

Of the five altcoins, only NEO is not showing growth. Other pairs, especially LTC and Lumens, which reversed from key support levels, are rallying strongly

If this continues, some altcoins could reach new highs today. If LTC breaks above $225, buyers may enter with a target level of $270 or higher in the coming days. Let's take a look at the charts:

XLM/USD

First of all, we notice a strong rebound from the $0.30 low, which, according to our analysis, is a reliable support level. 

Buyers should wait for a solid breakout and close above the resistance line on the middle BB, in the four-hour time frame, before considering long entry options.

 We are in the third phase of a bullish breakout, buyers can buy dips and set up entry on short time frames.

IOT/USD

On the chart we can see how the $1.87 mark has become the ideal starting point for IOTA prices. It is still most likely that prices will soar even higher and reach the first resistance level of $2.2. At this point we expect to make a profit. Sellers will be able to change the situation if they push the price below the BB average in today's session.

Even though such an outcome is unlikely, we can never be 100% sure, so I would recommend placing stops below yesterday's low of $1.87

EOS/USD

On the chart we can see confirmation that the trend is still bullish. Overall we are trading in a bullish pattern and therefore we cannot ignore the influence of the BB average and $8. Every $8 retest and support line is a shopping opportunity. 

It seems to me that swing traders can buy as long as prices remain above the breakout line that was tested on February 26th. 

LTC/USD

The reaction to $200 was satisfactory, according to our LTC forecast. But in fact, this could be a great opportunity for traders, we see volumes picking up.

So we need to wait for confirmation of yesterday's bullish breakout of the BB average today. Buyers will need to push prices above $225 or higher to confirm the recovery. Position traders will then be able to enter and place stops at $200 or below..

NEO/USD

Yesterday's bearish pressure is clearly a confirmation of yesterday's bearish candle. In my opinion, the fall in prices at the moment is quite beneficial for the bulls, especially if prices fall below $120 and the main support line on the daily time frame.

Of course, if we see a surge in prices above $130, we can continue to buy. Otherwise, NEO prices will be above the BB average and the support line. I would even recommend starting to buy now, placing stops at $115, just below the support line. 

According to https://www.newsbtc.com