NEO, EOS, Litecoin, IOTA and Stellar: Technical analysis of altcoins as of 04/11/2018

NEO price has risen by 4.61% and if this trend continues, sooner or later prices will begin to test the $90 mark, if not $110. In my opinion, now is the time to buy NEO, given recent events. In another case, we can pay attention to EOS, which is also growing, and to some extent Litecoin

XLM/USD

The price dynamics of Stellar Lumen are not only slow, but also boring. Yesterday the price increased by 2.15%. Over the past 2-3 weeks, we have been trying to analyze the opportunities where the price could rise above $0.22 on the daily time frame. Even though almost all altcoins are starting to show gains, my forecast for XLM remains bearish. 

However, if prices break through the resistance line and $0.22, I would recommend buying with short-term targets at $0.30.

IOT/USD

At first glance at the four-hour time frame, you can understand that that buyers are preparing to cover previously incurred losses. 

Why am I so positive about this? First, notice that IOTA is showing a reaction at $1. Secondly, in addition to the increasing growth rate, IOTA buyers are more active and are trading in a bullish pattern on the four-hour time frame.

Our first target will be $1.05, and then, if the upward trend continues, $1.25.

EOS/USD

Regardless of the fact that Livecoin plans to remove EOS from its list, this altcoin continues to show growth. For the first time in three weeks, we can see a revival in price action, with EOS currently trading above the $6 mark. 

In the long term, I would not make bullish forecasts, however, at the moment, I would recommend short-term buys with a target of $7.5. We can trade until we see a change in price direction on the four-hour time frame. Buyers are currently dominating, I expect EOS to rise another 4% today.

LTC/USD

Many believe that the LTC bear market is a springboard for a bullish breakout. What is certain is that you can now buy tickets on the Cheap Air website using Litecoin, Bitcoin, BCash and Dash. Based on our past analysis, we are interested in the trend support line on the four-hour time frame.

I continue to be of the opinion that any break below $110 will result in sellers pushing the price to $90. For now, I think buyers should wait.. 

I would recommend short-term purchases with a target of $125 - last week's high and $140 - the main resistance line.

NEO/USD

NEO is not Ethereum of China, NEO is NEO. 

Is this really a sufficient reason to place longs? Yes! However, do not forget about price movement - everything will depend on it. All we need to see is a close above $60 on the 4-hour time frame and above the BB average on the daily chart. The stochastic signal is in the oversold zone, and buyers are definitely dominant.

According to newsbtc.com