A correction is underway in the IOTA and TRX price charts after the bull broke over important resistance levels a few days ago. However, we maintain a bullish perspective that advises buyers to buy on jumps as long as prices are traded above key support levels. This is also applicable in Tron after the release of a development suite. Meanwhile, Charlie's recent comments have been seen as a negative deflation for investor confidence.
EOS price analysis
The stability in terms of shorter time justifies the reasons why EOS has increased by seven percent in the last week. In fact from a neutral point of view, the events of the last two days indicate the bull momentum below.
This is due to the fact that the price is lower than that of prices that reject prices below the minor support trend line that separates short-term buyers and buyers in a large market.
In addition to this support, note that there is a price confinement within the high-volume bull bar of October 8 which reaffirms our upward predisposition. Even if we remain bullish thanks to these developments, buyers should only execute transactions when the strong earnings exceed $ 7 in line with our latest EOS price analysis.
Litecoin price analysis
According to Charlie Lee, being a public face in a blockchain project is an oxymoron, full of advantages and disadvantages. In his view, he should have left the project on an anonymous note, just as Satoshi did.
We talked with @SatoshiLite of @LTCFoundation on the relationship between #Bitcoin is #Litecoin, the future of #cryptoand his role as a public figure in the sector: https://t.co/3xbemurysh pic.twitter.com/5gjvRZPxLp
– SFOX (@SFox) 9 October 2018
However, this is not the time when coins are not used as real-world currency. Once done, he will leave the project after he has reached his mission.
Returning to price action, Litecoin extended its losses after losing about one percent in the last day. What should strengthen our bullish position is the price movement in relation to the September 27 bar. On that day, LTC added 10 percent to help revive our bullish expectations. But buyers did not gather.
The retracement that we currently deal with average traders can be purchased preferably at current levels. Stops remain at $ 50 but earnings above $ 70 will validate purchases with the first targets at $ 90 and then $ 110 in line with our latest Litecoin business plan.
Price analysis of stellar luminaires
They are 18 days of consolidation. As Stellar Lumens prices fall, traders should step aside and observe the action of XLM prices. As we pointed out, our Stellar Lumens business plan depends on breakouts above the wedge and 30 cents for bulls.
In contrast, breakages below the lower support trend line and 20 cents could accelerate losses to 15 cents and later to 8 cents. Before this happens, we suggest to remain neutral with gains above 25 cents that trigger risky purchases with the first 30 cents targets.
Price analysis of Tron
After Sun's claims that Odyssey 3.1 will make Tron 200 times faster than Ethereum and 100 times cheaper than EOS, Tron's team released its first developer suite.
New development suite available: TronBox, TronGrid, TronStudio and TronWeb. Developers are now fully equipped to create the best Dapp #TRON! We are also pleased to announce that we officially enter the Smart contract #TVM new major version of the network https://t.co/fJXdb35JTy
– TRON Foundation (@Tronfoundation) 9 October 2018
The suite is aimed at innovative developers for the seamless launch of dApp in the Tron ecosystem. They are TronWeb, TronBox, TronStudio and TronGrid. Using TronBox, users can easily test and set up smart contracts. On the other hand, TronStudio has an IDE and an integrated TVM that allows any developer to test their own smart contracts before deployment.
A few moments after October 7, when TRX ran above the September and August highs, a correction is underway. However, this is not bearish at all since prices are still moving upwards on 7 October high.
In fact, we can easily interpret it as bullish in line with our latest Tron price analysis. As such it is an opportunity for buyers to charge at spot rates with stops at the lows of 7 October at around 2 cents. But the risk-on and conservative type of traders can expect earnings above 2.7 cents or seventh before loading with the first 3 cents targets.
Even if we maintain a bullish position, losses below 2 cents cancel our optimistic forecasts on TRX prices.
IOTA price analysis
Although the IOTA is down 1% on the last day, traders should note that the price is still trading above the main resistance trend line in line with the October 8 earnings.
Due to the outbreaks of October 8th, our latest IOTA business plan is true. This is why we recommend that traders charge at spot prices with stops at 55 cents. If sellers increase and our stops are hit, we come back down with losses of less than 50 cents that invite sellers.
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.