Altcoin analysis: NEO, EOS, LTC, IOTA and Lumens as of 02/27/2018

All altcoins, except for the LTC/USD pair, are growing. If LTC reaches yesterday's lows, this will be a great opportunity for buyers, but sellers should be careful and stop selling at yesterday's high of $220

Additionally, EOS is also rising, bouncing off the previous resistance level, which has now become a support level. Let's look at the charts:

XLM/USD

Although I would not recommend entry for positional buyers, speculators should set up longs on shorter frames. In fact, they may try to enter now on the four-hour time frame when we are seeing a bullish breakout above the BB average. Good move, but on the daily time frame the chart is still above the BB average by $0.40. However, buying on price dips is a pretty good strategy. 

IOT/USD

Prices remain stable and buyers, despite emails, are still confident in the functionality of the hashing function IOTA.

Technically, prices look like an uptrend supported by buying momentum as bulls expect a breakout above the BB average and the $2 mark today. 

If we zoom in on the chart and take a closer look at the price movement on the four-hour time frame, we will see a price breakout of a significant resistance level at $1.75 or the moving average MA 20. I would advise buying with short-term targets of $2 and $2.5. The stop loss should be set at $1.70, which is our support line on the four-hour time frame. 

EOS/USD

After 12 days of bearish pressure, EOS appears to be on the path to recovery. There was a good bullish breakout on February 14th, and in such situations prices tend to recover. So they went down. 

However, look at how this break (formerly a resistance line, now a support line) strengthens prices. The fact is that with such a strong bullish candle breaking the EMA 20 moving average at $8, buyers can consider long positions and place orders at $7, just below yesterday's low. 

Most likely, the re-test stage is over and the third phase is now beginning - the trend resumption phase. If so, prices should go up today. In this case, I would set a conservative bullish target of $10, which is slightly above the February 15 high.

LTC/USD

After yesterday's high of $220 (50% fibonacci) on the daily time frame, we can pause and exit long positions. Looking at the four-hour time frame, we are still holding out for the possibility of a bearish recovery.

It is worth noting that prices reversed right at the support line of the previous bull flag, and after bearish pressure is confirmed, sellers may push prices to $200 or to the February 18 low of $180. Long-term traders should look for opportunities to buy at these prices.

NEO/USD

Yesterday’s strong rise in NEO above $130 meant that the bulls could start trading.

We see a strong surge in prices on the four-hour time frame, as well as on the daily time frame, where the last 3-4 days of price consolidation acted as a catapult for prices.

Place orders around $120 and sell around the January 28 high of $170.

According to https://www.newsbtc.com