Daily analysis of altcoins NEO, EOS, LTC, Monero and Lumens

Of the five altcoins we follow, Monero and LTC are showing clear signs of growth. NEO is testing support levels, NEO could reach $85 today.

XLM/USD
After yesterday's bearish candle, Lumen prices are currently in a consolidation stage. The more prices fluctuate, the more the BB will compress and the larger the potential breakout will become. Considering the current state of affairs, our forecast remains the same - we are waiting for a price breakthrough up or down.  

I expect bullish pressure to continue to increase, this is only true if there is a surge above $0.30-$0.35 in the next couple of days. Until then, I would remain neutral. 

XMR/USD

The impact of the bearish pressure on March 9 is still ongoing. We still remain neutral, at least until sellers push prices below $250, erasing the gains of the former bullish pressure.

We still stand by our previous forecast, and as long as Monero buyers keep the price from falling, the bulls will dominate.  

Today our strategy can be canceled or continued. It depends on today's price action and how traders will react at the 61.9% fibonacci level. Either way, we are looking for a breakout that either takes the price above $300 or starts to test the February 6 low of $170. 

EOS/USD

Even after the stochastic was undervalued and oversold, EOS sellers are still pushing prices down. Until the price rises above the BB average or $7.5, I would recommend remaining neutral. Remember, however, that our outlook remains bullish.

We could see either a breakout above the BB average, or if buyers fail to support prices at the 61.8 fibonacci level, the price could fall to $4.1 or the December 22 low of $3.1. 

LTC/USD

Technically, I would remain neutral, but like Lumens, I believe the price of LTC will rise in the future. I think the bullish breakout on February 14 is still relevant.

This could mean prices could start to gain strength, assuming they break above the 20 MA and our support level is $200 (a round number). If this is true, then today we can look for hints that confirm our theory.. 

NEO/USD

As long as NEO prices are above $85 and 61.8% fibonacci, I'm sticking to a bullish strategy. After all, $85 is a key support level in our analysis.

Yesterday's candle was bearish and therefore I would recommend remaining neutral until we see the NEO price rise above $100. 

According to https://www.newsbtc.com