NEO, EOS, LTC, Monero, Lumens: Technical analysis as of March 20, 2018

The prices of these highly liquid altcoins - Lumens, NEO, LTC, Monero, IOTA and LTC are rising and may continue to rise. Based on our previous experience, such breakouts often lead to further price declines or consolidation before continuing the uptrend

We saw a similar situation yesterday and for this reason we should wait for better entry opportunities before we start trading. 

XLM/USD

Many altcoins received a positive boost after the G20 summit, where it was stated that cryptocurrencies do not pose a threat to the state.  

With this in mind, highly liquid altcoins are on the rise. At the same time, according to CoinMarketCap information, the price of Lumens increased by 24.74%. 

This is good news for buyers after the recent decline in Lumens prices. Before finding a support line, I expect prices to rise above the March 18 level. Above all, the stochastic is showing a buy signal, and since March 19 turned out to be positive for the bulls, buyers can place entries on the four-hour time frame, where they can buy during pullbacks towards the 20MA. 

IOT/USD

Even before reaching yesterday's highs, IOTA was - and still is - bullish. For more information, you can check out the daily time frame and price action for March 14-17. If the bullish momentum continues, prices could actually rise above the $1.45 mark to the BB average or 78.6% fibonacci. 

Now that there has been a change in sentiment and the stochastic is showing a buy signal, we can look for short-term buying opportunities with a target of $1.45 in the short term. 

If there is a bullish breakout, then $2.2 and 61.8% fibonacci will be the next targets for buyers. 

EOS/USD

After the events of March 19, we clearly see the classic “morning star” pattern. In addition, a buy signal has begun to form in our previous support zones, which lies between the December 22 low of $3 and $4.2. 

From the technical analysis it follows that buyers can raise prices above the average BB and $7. Remember, according to our analysis, the BB average continues to function as our immediate resistance level. 

Thus, EOS traders should prepare to place long entries on short time frames and target $7 and $9..5 in the short term, especially if the bullish candle breaks the 20 MA. 

LTC/USD

Price action hints at further rise in LTC price, even though LTC is up just $7 since the summit G20. Our forecast remains the same - buyers should look for opportunities for long entries on short time frames. Conservatives should wait for the price to break through the resistance line visible on the four-hour time frame and begin placing long entries. 

My guess is that these entries should be somewhere around the $170 or $150 level, assuming LTC makes new highs this week. Until then, we need to remain patient.  

NEO/USD

The last time NEO prices were above the BB average was in late February. And just yesterday the price surpassed this level.  

For this reason, we can safely trade with a bullish strategy at $55. This mark is 78.6 fibonacci, it is supported by a stochastic buy signal. 

Now attention - although we can be confident in the likelihood of a bullish breakout, we still should not place entries blindly. If you didn't do so yesterday, place entries on the stochastic buy signal on the hourly and four-hour time frames. 

According to https://www.newsbtc.com