NEO, EOS, LTC, IOTA and Stellar Lumens: Technical analysis of altcoins as of 04/05/2018

At the moment, there is a general depreciation of altcoins. Litecoin has lost almost all of yesterday's profits; most likely, a retest of the $90 mark will soon occur. Stellar Lumens could drop to $0.07, and NEO to $40, and then to $25. Despite the fact that EOS is at the ICO stage, its price may fall to $4

Let's look at the charts:

XLM/USD

Despite the gains of the last two days, the price of Lumens has fallen by 12% in the last 24 hours. In fact, our stops have been reached and now we can wait for the stochastic signal. Buying will be possible when prices test the $0.15 mark.

The four-hour time frame clearly shows that buyers are limited by strong resistance at the trend line, with bearish candles forming at or near $0.25. At this level of depreciation, sellers can target $0.15 and $0.17, since, according to our forecast, these marks are support levels.

Eventually, the price may decline to $0.07 or the highs of August 2017.

IOT/USD

As for the IOTA price: everything is bad. At the moment it is trading below $1.

This can only mean that there is strong selling pressure at the moment. If it continues today, then I would not be surprised if the price drops to $0.90 in the coming days. This mark will become our short-term support level with a medium-term target of $0.30.

EOS/USD

Even despite the news of EOS's collaboration with Tesla cars, prices are still falling. In fact, the price of EOS fell by 6%. It seems to me that the trend towards depreciation will continue. 

Stochastic shows a sell signal; buyers can exit long positions. Conversely, sellers may want to wait for a close below $5.15 before placing shorts with a target at $4.

LTC/USD

According to CoinMarketCap, prices are down 13%. In light of this rapid depreciation, our stops at $125 were hit. This means that the bears are dominant, and sellers are unable to break through the main resistance line on the four-hour time frame.

Taking this into account, and supported by the stochastic sell readings, we can say that the bears have every opportunity to push prices to the $90 mark - the main support line on the weekly time frame.

NEO/USD

News of cooperation with WinQ failed to push NEO prices higher.. Our stops from the previous analysis at $45 are likely to be hit. 

In this case, sellers will begin to target the $40 mark. If a recovery begins, I would advise buyers to hold off on bidding. A buy trigger will only occur if NEO trades above $65 or the BB average on the daily time frame.

According to https://www.newsbtc.com