No new fundamental news, however I would like you to take a look at NEO. Judging by the charts, buyers are not allowing prices to fall, and just like EOS, a consolidation process is taking place. Similar to our previous forecast, traders need to look for opportunities to buy these two altcoins
Let's look at the charts:
XLM/USD
It looks like all XLM needed was a little push. According to statistics, over the past 24 hours the price of Stellar Lumens has increased by 10%. This means that the altcoin's market capitalization is now $6.4 billion. It seems to me that this could be the starting point for even greater growth.
On the daily chart we can clearly see the price movement, at the moment buyers are dominant. Despite this strong bullish pressure, buyers have not yet exited their positions as the stochastic signal remains bullish and $0.40 could be tested today. Those who bought earlier can move Stop Loss and wait until the price rises to $0.5.
IOT/USD
Yesterday there was a message that the first IOTA charging station has already opened in the Netherlands. Could this move push prices up to $3? Maybe not, but in my opinion, it depends on what application blockchain technology will have in real life. This factor is where the real value lies and we are seeing IOTA begin to offer viable solutions in an environmentally friendly manner.
In terms of price action, we are still trading in a bullish breakout pattern. As discussed in our previous technical analysis, it would be wise to follow the stochastic signal to place longs in small time frames with stops at $1.5. Our target is still $3. Otherwise, you may want to wait for a breakout above $1.75 before trading.
EOS/USD
If the price of EOS rises to $9, buyers will be head over heels in profits. However, let's not think ahead. In positive news, BitFinex is planning to support EOSIO as soon as their new network opens.
We don’t see anything surprising on the charts; the EOS price forecast remains the same as yesterday. It seems to me that there is a well-organized consolidation process going on at the moment, and if traders buy the dips with stops at $7.5, they could make some nice profits.. Remember that the stochastic signal is still bearish, in another situation under such conditions I would recommend waiting, with potential purchases at the $10 mark.
LTC/USD
UK residents are now able to trade the pairs LTC/GBP is only good news if it helps push prices higher. According to our previous forecast, buyers are dominant and may even break through the $140 mark today.
On the charts, we see bullish candles that are clustered above the upper BB. I would now recommend buying on dips while the bullish pressure is strong and the stochastic is showing a buy signal. As in our previous forecast, our targets are $180.
NEO/USD
Compliance with regulatory requirements is the most important task for NEO. According to Da Hong Fei, founder of NEO, NEO is a platform that develops technologies designed to develop the real economy. Therefore, peaceful coexistence between blockchain technology and government is essential for further growth.
I remain bullish. As long as the NEO price does not fall, I recommend traders buy this altcoin with stops at $60 and target $90 in the short term.
According to newsbtc.com
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