NEO, EOS, LTC, Monero and Stellar Lumens: Technical analysis of altcoins as of 04/06/2018

The movement of altcoins in our technical analysis remains bearish. Several recent news and announcements have slowed down the depreciation of Litecoin, but the chances that the LTC price will continue to fall are quite high

XLM/USD

To put the picture into perspective, Stellar Lumens have fallen in price by 10.3% in the last 24 hours.

Based on our past analysis, our first support level is located at $0.15. Coincidentally, this mark is the low of the end of the week on March 18 and, just like yesterday, bears should target precisely the $0.15 mark.

XMR/USD

Monero depreciation continues. However, a meager profit of 0.08% managed to secure XMR a place in the top 10 cryptocurrencies.

Tomorrow, Lithium Luna will be released, an update to the graphical user interface version 12.0.0, which is also aimed at increasing the level of privacy. 

In any case, looking at the Monero charts, I would recommend selling with immediate targets at $110. Stochastic is showing a bearish signal and a break below $200 means the 61.8% fib will become our resistance line. Along with this, traders should wait for a sell signal on the four-hour time frame and place shorts. 

EOS/USD

Note that prices are capped by last week's high, which acts as minor support and resistance on shorter time frames. It seems to me that buyers should place longs in case of a quick breakout and close above $7.5.

The stochastic signal is bearish, a bearish breakout is currently in progress. This means that any sell signal on the four-hour time frame should be used by sellers. Bears can wait for a break below $5 and sell at $3.7 and $4.

LTC/USD

Litecoin is one of the coins showing growth. In the last 24 hours, we could see some small gains, although the weekly chart shows strong bearish pressure. 

Previously, according to our technical analysis, the bears could target $90 and below - this will happen if sellers continue to push prices below last week's lows of $110. To reverse this strategy, we need to see strong bearish rejection at $110 during the day. If this does not happen, prices could fall to $90 by April 7.

NEO/USD

China has finally stated their position on NEO and blockchain in general. Yes, their central bank head is interested in cryptocurrencies, especially the prospect of a NEO smart economy. Any hint of NEO collaborating with Chinese banks will be a springboard for prices.

Meanwhile, sellers are dominating and pushing prices towards our $40 target. I would advise waiting today and seeing how they behave prices.

According to https://www.newsbtc.com