Altcoins Clip Bitcoin Dominace as ADA Adds $ 300 Million


Today's attention is on the price of Cardano, which seems to be falling. As the developments in Tron and Litecoin, it is clear that there is a rejection of the lower lows and behind these wastes there are high volumes that move prices on broad ranges. If the Cardan margin is higher, then the odds are Litecoin, Stellar Lumens, IOTA and Tron will follow the example for the benefit of the buyers

  Cardano price analysis

Cardan market cap

Analysis of Litecoin prices

Latest developments:

Charlie Lee, the controversial founder of Litecoin, has asked Twitter to "tackle" the concerted efforts of "groups" wishing to water down Litecoin's assessment. At current prices, Litecoin is down 90% compared to the peaks of 2017, but regardless, Litecoin holds exceptional value according to Charlie Lee.

Citing the availability of Litecoin in almost all stock exchanges and the deep liquidity around digital assets, he states that there are more than nine payment processors that help move about $ 200 million transactions every day. This is on top of the Litecoin support of Lightning Network and at atomic and submarine exchanges that make the network priceless with great future potential.

Litecoin technical analysis:

  Litecoin price analysis

Daily Litecoin price chart for Trading View

In the daily chart, prices move in a narrow range with ceilings at $ 65- $ 70 upwards and $ 50, a main support line on the negative side. Although our last Litecoin price analysis is still valid, we should mention the influence of $ 50 but above all, on September 17 bearish by swallowing candlestick.

Not only is it supported with high volumes but the fact that the recent higher peaks have not succeeded in dislocating the bears is important All in all, we remain neutral and until then there are strong surges in both directions. However, because of bears in the last eight months, we suggest taking bearish positions with peaks below the $ 50 causing sales for $ 30

Stellar Lumens Price Analysis

Latest developments:

OKCoin USA, one Authorized and safe exchange now supports five other coins, including Stellar Lumens (XLM). The only warning in this agreement is that the Californians are the only US investors with unlimited access to the exchanged XLM / USD pairs. Otherwise, investors across the United States can exchange cryptographic pairs with the exchange that promises to expand in the future.

Steller Techncial Analysis:

  Stellar Lumens Price Analysis

Daily Lumen Price Chart for Trading View

At current prices, Stellar Lumens has risen by 2% but continues to fall below the previous line of support trends now resistant and the important sign of 25 cents. In spite of this recovery and the new blow of the losses of 17 September, we remain neutral until our previous conditions of the Stellar Lumens business plan are met. That is, for XLM bulls to cement their stand and unleash pull-back purchases, we need movements of over 25 cents. The downside, for sellers to resume their trend towards 8 cents, prices should fall below 18 cents. All these breakouts should be accompanied by high commercial volumes

Tron price analysis

Latest developments:

Deposits and withdrawal are back to normal in Bithumb after their successful update.

BitBay , the largest cryptocurrency platform in Poland now supports TRX. Continuing, investors and traders will exchange TRX against crypto (BTC), euro and Polish zloty.

Tron Technical Analysis:

  Tron Price Analysis

Tron Price Chart Daily by Trading View

Encouraging, the momentum is catching on TRX and yesterday's bullish candelabra closing above the commercial range of 1 cent has exceeded 2 cents. This move has validated the longs in line with our well-established Tron business plans. If today we confirm yesterday's movements, then Tron's quotations will be reduced to 3 cents and 4 cents. This will replace the sell-shadow effects of 17 September.

IOTA price analysis

Latest developments:

Without a doubt, IOTA and its ecosystem continue to improve and just the other day, a user posted an instant hit to show how fast it was for the funds move from an exchange (BitFinex) to Trinity after withdrawal approval. From the snapshot, the transfer of funds took 20 years to reflect on Trinity and it seems that this is the standard regardless of the exchange. Development as such continues to show how the network is maturing and stabilizing over time.

IOTA Technical Analysis:

  IOTA Price Analysis

Daily IOTA Chart for Trading View

Like most preview coins, IOTA is in range mode with clear resistance to 60 cents. This level doubles as a triggering line for purchases, as indicated in our latest IOTA commercial plan.

All things constant, many are aiming for a recovery, but in case a contrary move is made, sellers will have a chance if and only if they are close under 50 cents and more prudently on the minimums of 40 cents.

However, if there is a market capitalization move that will bring the IOTA to the top ten and 60 cents before closing this week, buyers should be prepared to charge on dives with the first targets at 90 cents. Safe stops should be at 55 cents.

Cardano price analysis

Latest developments:

After launching Bitcoin, Weiss Ratings, an independent rating company founded in the United States in 1971, now supports Cardano and Ethereum. It is true that Cardan, although he is still in theory, has many promises. All thanks to their slow but measured approach to updates and transparency of their developments.

All in all, the approval as such rejuvenates investors who have so far experienced over 95% of their investment.

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Chart of Cardano's Daily Prices for Trading View

The trend is changing and supporting this assertion is September 18, which completes a double-bar move. While he had a long upper wick that indicated the bears, he closed above 7 cents behind high trading volumes. Apart from that, the last two bullish candlesticks are taking hold of that refusal that closes higher at less than 1 cent from our stops at 8 cents.

For this reason, I recommend buying faded shorts and teddy bears at a spot price. Suitable stops should be 6 cents with the first targets at the 5 September highs at 11 cents.

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

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