NEO, EOS, Litecoin, IOTA and Stellar: Technical analysis of altcoins as of 04/18/2018

The Porn Hub portal yesterday made an official statement that their users will now be able to purchase pornography using Verge coin. The Litecoin founder supports this move. On his Twitter, Charlie addressed the porn site and asked to be notified if a similar offer for LTC appears in the future.

This is definitely exciting news as Litecoin continues to attract more and more traders and financial players to its platform. The capitalization of the porn industry is $14 billion and such a sum cannot but impress. Overall, altcoins continue to rise, and IOTA could reach new highs today.

Let's look at the charts:

XLM/USD

Stellar Lumens market cap is $5.83 billion. the token continues to strengthen its position in the top 10 cryptocurrencies. In fact, there is nothing to say about the company's news, but traders are still optimistic.

Over the past 24 hours, the price of Stellar Lumens has increased by 13% and it undoubtedly has the potential for further growth. I would recommend trading XLM with short term targets of $0.40 and $0.50. Anyone who did not have time to start trading should wait for the price to decline on small time frames and buy this coin.

IOT/USD

We must always remember the main thing - this is a long-term investment, and minor short-term price fluctuations are not so significant. 

IOTA prices increased by 3%, now the market capitalization of the altcoin is $4.53 billion. Technically, we expect the price to continue to move higher. In this case, I would recommend buying with a target of $3. Finally, the stochastic shows a bullish signal and the candles begin to gather near the upper BB, which means that the buyer momentum is very strong.

EOS/USD

There has been no interesting news from EOS in the last 24 hours, except for the news about the creation WAX EOS fork. As for the price, our high and temporary resistance level was $9.7 or the April 13 high. Over the past 24 hours, EOS has increased in price by 6%. 

We may see a stochastic sell signal, but I still remain bullish. I recommend waiting until the price breaks the $10 mark before advising you to buy on dips and aim for the $15 mark.

LTC/USD

The Verge and Charlie Lee have something in common. Both often act contradictory and love everyone's attention. Upon hearing about Verge's partnership with Porn Hub, Charlie was the first to congratulate Verge founder Justin.. 

Following CoinOne and TenX, exchanges Korbit and Wirex have added Litecoin to their lists. To be precise, Korbit will launch pairs with Litecoin today.

If we look at the charts, we see that buyers are raising prices. According to our initial plan for Litecoin, we need a strong break above the $140 mark so that we can look at a rise to $180 in the coming weeks.

NEO/USD

You can argue with this, but blockchain technology is still being developed at an early stage of development. NEO is part of the blockchain technology and its development continues, new ICOs are being launched based on this platform, we expect that the demand for it will increase. 

Despite this, the price of NEO has dropped slightly, and given our previous analysis, we can only take long positions when we see a stochastic buy signal at $60 or if the price breaks through $70.

According to newsbtc.com