NEO, EOS, LTC, IOTA, Lumens: Technical analysis as of March 27, 2018

The prices of almost all cryptocurrencies are falling. Bitcoin price has fallen by 8% and is currently trading below $8,000.

Based on recent price action, we expect further depreciation. EOS could lose all of last week's gains, and LTC could test $100 by the end of this week. Let's look at the charts:

XLM/USD

According to CcoinMarketCap, the price of Stellar Lumens fell by 11.67%. It looks like Lumens sellers have got down to business and want to push the price below $0.15. 

In my opinion, sellers should increase their momentum today. If there are attempts to increase the price, the ideal moments for selling will be the levels of $0.25 and $0.30.

IOT/USD

After yesterday's price movement, IOTA sellers dominate. In fact, the price could fall even lower if the pressure continues. 

Stochastic on the weekly and four-hour time frames are negative. Bears may even be overly ambitious and target $0.85. If this mark is reached, sellers will be able to place targets at $0.30, which was the low of October 2017.

EOS/USD

EOS price has fallen 18% in the last 24 hours, and goes further from the resistance line. In my opinion, the depreciation will only gain momentum. 

I would recommend placing bearish targets at $4, which is the low of March 18th and the start of last week's 58% rally. Even though prices may recover, the current bearish trend only benefits those already in the trade. Any price recovery would mean that sellers should wait for a sell signal between $6.5 and $7.5.

LTC/USD

Basing our analysis on yesterday's forecast, we can say that the trend remains largely unchanged bearish, and the bulls failed to raise the price above the resistance line. 

If we base our analysis on the weekly chart, we can say that sellers are targeting the $90 mark. Coincidentally, this mark is the 78.6% Fibonacci. 

Given this bearish momentum, if sellers are able to push prices to the $135 mark, then the price will most likely fall even lower, to the $100 mark.

NEO/USD

Originally consolidation on March 25 could serve as a price springboard for NEO.. However, this did not happen, and prices reached our stop losses.

We are bearish, which means that sellers should sell whenever the opportunity arises. The $50 mark will be our target for the time being, but any break below would mean we can place targets at $25.

According to https://www.newsbtc.com