Technical analysis IOTA, Stellar Lumens, Litecoin, Tron, EOS

August 21, 2018 Litecoin

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All in all, traders and investors are optimistic about morale that favors the resumption of the price of altcoins. However, for that to happen, we have to see giant leaps when EOS buyers, Litecoin and Tron accumulate enough momentum for further higher highs after last week's highs. The IOTA and Stellar Lumens bulls could drive this recovery on the condition that today they close like a bull when prices exceed 60 cents and horizontal prices over 22 cents.

Let's take a look at these graphs:

EOS Technical Analysis [19659004] EOS Technical Analysis ” width=”1280″ height=”1024″/>

EOS Daily Chart for Trading View

Technically, EOS prices are fairly stable and increase in value. ; 1% in the last day. With the oscillation of EOS, prices continue to fluctuate by 17 August with a bearish bearish trend without confirming the three-bar reversal pattern that many expected to push prices towards our immediate resistance line at $ 7.

In any case, our EOS business plan is clear: Bears are in control and any $ 7 retest is another sales opportunity with the first $ 4 goals as aligned in our previous EOS technical analysis . At the moment, we recommend taking a neutral approach and waiting for convincing appreciations of more than $ 6 if buyers accumulate enough momentum or for a recovery of the trend below $ 4

Litecoin (LTC) Technical Analysis

Litecoin (LTC ) Technical Analysis

Litecoin Daily Chart for Trading View

More LTC buyers fail to reverse these losses and synchronize with the candle bull of August 17, plus our bearish statement continues to hold up. So far, LTC has fallen less than 1% and continues to trade at the lowest level on 17 August, which means that our previous business plan is still valid.

Stellar Lumens (XLM) Technical Analysis

Stellar Lumens (XLM) Technical Analysis

Stellar Lumens Daily Chart by Trading View

The price is reasonable, Stellar Lumens is constant and still moves for 22 cents and the bullish candelabra is encouraging by 17 August. In line with our latest XLM business plan, all we need is for buyers to push prices above 26 cents and even 30 cents before recommending long times with 22 cents.

On the back, sellers would once again go into trend once prices fall below 18 cents in the lower part. For now, we suggest taking a neutral position.

Tron technical analysis (TRX)

From the news

  • 10 days have passed since the launch of the official Tron virtual machine.

Technical Analysis [19659024] Tron (TRX) Technical Analysis ” width=”1280″ height=”1024″/>

Tron Daily Chart by Trading View

Despite the bullish projection and the bears' bears slowing, TRX buyers have yet to exceed the immediate highs at 2.2 cents and synchronize with the bullish candelabra last week.

Further exacerbation of purchase plans are the narrow ranges of trade and the fall in BTC prices that could hinder ongoing bullish attempts.

However, in my opinion, taking a small position requires long stops at 1.8 cents with the first 2.5 cents targets being an optimistic approach. This plan is synchronized with the general sentiment of trade especially after the end of last week's revival of prices

IOTA (IOT) Technical analysis

From the news

  • ElaadNL now uses the first car charging battery that works independently without any need for a communication protocol. The transaction will be in IOTA.
  • Operators can now open accounts on eToro and negotiate IOTA CFDs.

Technical Analysis

<img class = "wp-image- 344208 size-full "src =" https://s3.amazonaws.com/main-newsbtc-images/2018/08/20191617/IOTA-Daily-Chart-Aug-21.png "alt =" IOTA (IOT) Analysis technique [19659005] IOTA daily chart for trading view

Although IOTA prices are rather stuck in a lower time consolidation, it is likely that we could see gains today.Note that yesterday was bullish, with buyers who added the two percent and tried to retest last week's highs at 60 cents.In any case, we recommend buying the IOTA at the stop price with stops at 45 cents and first targets at 90 cents.

Disclaimer: The views and opinions expressed are those of the author and are not investment advice. ing of any form involves risks, as well as your due diligence before making a commercial decision.

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