NEO, EOS, LTC, IOTA and Lumens: Technical analysis of altcoins as of March 28, 2018

According to CoinMarketCap, LTC fell in price by 3.5% over the past 24 hours. Of course, this was expected, especially after the news that LitePay was ceasing its activities before it had even really launched

However, other than this, the altcoin market is quite stable. EOS is gradually increasing in price, Lumens is also showing signs of growth in the short term. Let's look at the charts:

XLM/USD

Relative to yesterday's price, Lumens profit was exactly 0. Prices are consolidated on short time frames and are complemented by a stochastic signal on buy.

Each new high can be a great opportunity to sell. It seems to me that the most profitable deals will be concluded near the resistance line and the $0.30 mark, especially if prices go up today. 

Be that as it may, in addition to the stochastic buy signal coming from the overbought zone, there is another bullish divergence related to price activity that can tell us that the chances of Lumens rising are quite high.

Conversely, if sellers begin to push the price, we will maintain our previous bearish strategy with a target at $0.15.

IOT/USD

We could observe several attempts at bullish pressure, but they were quickly stopped by sellers. 

Despite all attempts by buyers to raise prices higher, in my opinion, in the next couple of days IOTA will be traded at parity with USD. 

The overall trend is bearish, and although buyers can raise the price to $1.4-$1.5 with a stochastic buy signal, this mark will become a resistance level at which bears can sell.

EOS/USD

With CoinBase announcing its support for ERC-20 tokens and news of adding some of these tokens to its listings, the price of EOS continues to rise.

The price of this altcoin has increased by more than 7%. Bullish targets remain the same at $4, you can start selling when the stochastic signal is at $7.5. The activity of buyers, if the price closes above $6.5, should certainly increase.

LTC/USD

The excitement around LitePay is subsiding, now people are more interested in the fact that the head of a promising company turned out to be malicious tax evader. In addition to tax evasion, Charlie Lee was also rumored to have embezzled funds...

The slow depreciation of Litecoin is already happening. In my opinion, sellers should target the $100 mark. The bearish pressure on the weekly chart looks quite convincing.

NEO/USD

Any high level reached by NEO is an ideal moment to sell.

For now, NEO appears to have found support at $50. And even if the bulls start to dominate the market from now on, sellers should wait until the price reaches $80 or $90 before entering with orders.

According to https://www.newsbtc.com