By the end of the week of March 25th, most altcoins and Bitcoin were in an uptrend
According to Coin 360 data, the two most liquid coins, Bitcoin and Ethereum, grew by 11.45% and 5%, respectively. This means that altcoins have been supported - which is definitely good news.
EOS topped the table with a 54.96% gain over the past 7 days. In my opinion, LTC could also start to rise if we see a convincing break above $170 in the coming sessions. Let's look at the charts:
XLM/USD
Technically, Stellar Lumens are in a downtrend. Therefore, I will stick to my previous forecast and recommend long positions on short time frames, with a target of $0.30. We stop trading as soon as the stochastic starts to show a sell signal.
Otherwise, it will be interesting to see how prices react at $0.25 or near the resistance line.
IOT/USD
As in the previous analysis, our position on IOTA remains neutral. However, we will stick to a bullish strategy if prices exceed $2 and the 61.8% fib.
At the moment, the price movement is bearish, we see the reaction of sellers at each key support line. Meanwhile, assuming that prices have found resistance in the area of $1.5, $1.6, and the stochastic shows a sell signal, we can sell. In such a case, our immediate target will be the $1 mark.
Otherwise, if buyers continue to raise prices, then we expect a convincing bullish breakout and place targets at $3, $4.
EOS/USD
Even if the charts may seem that buyers dominate, that's not true. We are seeing stagnation in prices. Clearly, sellers are dominating and we could see EOS prices moving lower, even after the recent announcement of a collaboration with FinLab AG.
I would view EOS highs as a selling opportunity, especially if the stochastic shows a buy signal on the four-hour time frame. Even if EOS prices exceed the maximum levels, liquidation could occur at $7.5.
LTC/USD
What we can say for sure is that the bears are dominant. The direction of the trend resistance line speaks for itself.. I would recommend waiting for a strong breakout and a signal from the stochastic to place longs.
If this happens today, aggressive traders may buy LTC and place stops below $150.
Thus, buy a little more, with a target of $190, or sell when the stochastic signal leaves the oversold area.
NEO/USD
Like most altcoins, NEO prices are consolidating. In the entry diagram we see buyers trying to raise prices. In fact, we are trading with a bullish strategy after prices test $55. The $55 mark is last year's maximum.
Therefore, I would recommend short-term purchases with stops below $50 and targets at $90. I will exit whenever the stochastic shows a sell signal
According to https://www.newsbtc.com
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