Analysis of altcoins: NEO, EOS, LTC, Monero, Lumens as of 03/06/2018

Despite the small profit margin, LTC prices are rising above the triangle, we just have to wait for a surge above $225. Then we'll start buying

XLM/USD 

In order for us to start buying Lumen, we need to wait for confirmation when prices go above $0.40 - the key trigger in our analysis. 

From yesterday's charts we can see that Lumen rose above the BB average and $0.40 for a while. We are waiting for a convincing close or a breakout, either of which would be a signal to place long entries. Given our bullish strategy, buyers should enter during reversals at key support levels. 

XMR/USD

Monero's recent price rise has been quite impressive, with prices currently testing the 38.2% fibonacci resistance line.   

This pair has seen some nice price action and while we are bullish, buyers should be aware that Monero is testing a key resistance line. Let's also acknowledge the fact that buyers are the driving force behind Monero's price.

Based on the charts, we are in the third phase of a bullish breakout, and if so, Monero may not close above the 38.2% fib, which is our immediate resistance line. Also, notice how the bullish candlestick bottoms are positioned along the upper BB on the daily time frame. 

Today I would remain neutral and if bearish movements are present today, there is a high probability that sellers will push prices to support levels.  

EOS/USD 

EOS continues to show sluggish price movements, our forecast for this pair remains the same.

With low volatility, I expect the average BB on the four-hour time frame and $8 to become our short-term support level as we expect prices to rise in the coming sessions. 

If we see buyers pushing prices above $8.2 today, then we remain positive and may even move our short-term entries to the $10 level.

LTC/USD

Even though the bulls cannot find the necessary momentum for a significant surge in prices, what is important for us is that LTC prices are rising above the triangle..  

This could provide a solid foundation for buyers to go long with stops at $200, but we need confirmation of this breakout first. Therefore, $225-$230 could be a good indicator for buyers. 

NEO/USD

One look at the four-hour time frame is enough to tell that NEO prices are falling and may fall below the support line.

I would only recommend placing short or long entries when prices exceed $140 or fall below $100. Until this point, I would remain neutral. 

According to https://www.newsbtc.com