NEO, EOS, LTC, IOTA and Lumens: Technical analysis of altcoins as of March 29, 2018

NEO, EOS, LTC, IOTA and Lumens: Technical analysis of altcoins as of March 29, 2018

The price of Bitcoin still greatly influences the price of altcoins. Despite the decline in prices, there are several interesting projects that could change the situation. For example, Lightning Network

However, projects like the Lightning Network exist not only for Bitcoin. IOTA developers are currently working on the Trinity wallet. On the other hand, LTC is still facing a huge amount of criticism after Charlie Lee's statements, and the decline in LTC prices continues. Bears are targeting the $100 mark. Let's look at the charts:


XLM/USD

The price activity of the last 24 hours has disappointed me very much, the price has decreased by 0.98%. 

Yes, if you compare price activity with the stochastic signal, you can clearly see a divergent bullish pattern, however, even despite this, the price is not growing at all. 

I would recommend waiting until the stochastic sell signal moves away from overbought territory. Before this, any lows mean that sellers are getting closer to their target of $0.15.


IOT/USD

Our initial plan was to look for opportunities to sell if IOTA prices went higher. Yes, the company is trying to release the Trinity wallet as soon as possible, which will expand the choice of traders and users. Of course, this is good news, given the 0.10% increase in price over the past 24 hours.

Despite this, the bears are dominant. While the stochastic shows a great buy signal, I would encourage sellers to look for shorting opportunities. As in our analysis yesterday, traders should target the $1 mark.


EOS/USD

According to CoinMarketCap, EOS saw a slight gain of 4.4% despite prices moving and close above the 20 MA.

Even though the price action appears to be retracement-like, I will view each high as an opportunity to sell. This means that even if the bulls are able to close the price above the support line, the $7.5 mark will still remain a key resistance line for us.


LTC/USD

Unlike traditional stocks and securities, cryptocurrencies have elements of hype. Charlie Lee tried to ride on hype and what was the result? Over the past 24 hours, the LTC price has fallen another 6.5%.

This means that our first support level of $135 has already been broken, and according to our forecast, the next target for sellers is the $100 mark..


NEO/USD

On the four-hour time frame, price movements are negative, sellers essentially dominate, targeting the $50 mark.

Despite this, I would recommend buying NEO in that if the minimums are not reached, and especially if prices do not go even lower today.


According to https://www.newsbtc.com

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