NEO, EOS, LTC, Monero, Lumens: Technical analysis as of 03/16/2018

In the short term, there are chances that prices could recover slightly. However, we cannot ignore the possibility of further collapse.

XLM/USD 

Investors are selling off the cryptocurrency en masse, the depreciation continues, the price of Lumens has fallen by another 10% from what it was on Wednesday. This means that for two days now Lumens has been trading below the BB average and 61.8% fibonacci.  

Attempts to restore the price were visible on the four-hour time frame, but in the future each high should be a sell signal for us, since we are now trading with a bearish strategy. At that time, prices seem to be reacting to the $0.20 mark and on the four-hour time frame we see a stochastic buy signal turning away from the oversold zone. If prices recover, sellers should place short entries at $0.25 and $0.30.

XMR/USD

The fact is that sellers are dominating now and will continue to do so for a few more days or weeks. It is worth mentioning the following - if you did not have time to buy, then at the moment it is better to wait for a reliable buy signal.

At the moment - and this can be checked on the four-hour time frame - prices are reacting at the $200 mark, even new highs could be reached in the midst of this depreciation. 

Stochastic is already showing a buy signal and our short-term resistance line will be $230, the price could even rise above $250 if the bulls can push it above $220 today. 

EOS/USD

Like most other altcoins, EOS price movements are bearish. The right timing is what will help us in this situation.

Due to technical reasons, I cannot recommend selling EOS at this time. Due to the stochastic buy signal, I would recommend waiting for prices to test the $5.8 and $6.2 levels. These marks can be a great selling opportunity. 

LTC/USD

Согласно вчерашнему анализу, продавцы не могут продавить цену LTC ниже минимумов. The average BB at $150 acts as our support line and we can already see the reaction on the four-hour time frame. 

After yesterday's unsuccessful bullish candle, prices are starting to gain momentum, stochastic is showing a buy signal.. So our first liquidation level would be $170, and after that $190 would be our sell signal. 

NEO/USD

As long as NEO prices are below the BB average on the four-hour and weekly time frames, there is no point in buying. Of course, this is if prices do not begin to recover.

Please note that every high is an opportunity to sell. Since we are trading with a bearish strategy, the ideal sell signal would be a retest of the BB average or $100.  

According to https://www.newsbtc.com