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Through the sphere, the bulls are dominant and this is visible as far as the altcoins are concerned. EOS, Litecoin, Stellar Lumens and Cardano are rejecting the lowest lows. The movements in ADA are more noteworthy. Here, prices are rebounding at the time of price rises as prices are in line with last week's. All in all, we recommend purchases at spot prices with immediate resistance targets.
EOS price analysis
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In the ranking, EOS prices are evidently finding support. Aside from yesterday's bar, note that on September 25th he brought a candlestick with a long inferior wick that signaled the entry of bulls in lesser times. It's not all. EOS is finding support by coincidence around the Fibonacci retracement and returning to the trend as defined by last week's revival.
Moving forward, we recommend that aggressive traders recharge at spot rates with a stop at the September 17 low at $ 4.5. Conservative bull traders may in the meantime enter once there are rallies over $ 7 as reiterated in previous EOS business plans.
Litecoin price analysis
In general, the prices of altcoin and Litecoin are recovering after losing 90% from the highs of 2017. Potential inversions have historical support and around $ 50, Litecoin is certainly finding support.
Even if prices slipped after the run for $ 70 last week, this week's retracement seems to be over. We can analyze the individual bars in the last three days and notice that there are no solid volumes to support these declines.
Secondly, the bar of September 25 threw up yesterday's bar at the highs of September 17th. For this reason, I advise aggressive traders to start charging longs at spot rates with a $ 50 stop. The targets are consistent as stated in our latest Litecoin price analysis.
Price analysis of stellar luminaires
It seems likely that the Stellar Foundation is excited to implement Lightning Network (LN). LN is the resizing solution and is in their road map. Since they have been settled with the publications and have achieved important milestones, many expect them to launch LN on December 1st.
On a weekly basis, Stellar Lumens prices have risen 24 percent, but again, XLM is struggling with sellers. However, as seen from the chart, XLM sellers are finding floors at 25 cents, the breakdown level. Like most coins, the last three days bring the candelabras characterized by longer wicks.
Distinctively, prices are also traded inside the high-low September 23, cementing our bullish projection. However, we suggest suspending trading until after prices have returned above 25 cents. From then on, traders can accelerate with stops at 22 cents in line with the previous Stella Lumens price analysis.
Price analysis of Cardano
As for price action, September 19 was a break-up candlestick and a basis for the recent higher highs. Since last week ended up bullish behind abnormally high volumes that triggered our stops and canceled the bear's projection, our previous bullish position is valid.
Therefore, despite these lower lows, prices are likely to come back in trend again and realign and confirm last week bouncing by 7 cents.
This is the historical minimum of Cardano which represents a 100% drop compared to the highs of 2017. All things constant and in line with the Cardano price analysis of last week, we suggest to load spot rates with a stop at 7 cents with the first 20 cents target.
Monero price analysis
After touching the fund 42 days ago, the Monero bulls were consistent. The fact is that Monero is technically in an uptrend with the trend line of last month's support acting as a clear divider that separates buyers from sellers. From our previous analysis of the price of Monero, all we need is a violation and close below $ 100 for sale negotiations to be valid.
This translates into an inevitable break and closure under the main trend line of support. On the flipside and in tune with the general mood of the market, the Monero bulls will have control once the buyers build enough momentum to push prices above the 21st set to $ 120.
When this happens, the risk that traders can start to load on dips with the first targets at $ 150. If this momentum is consistent and there are clear breaks above $ 150, then conservative bulls can charge every dive with the first targets for $ 300.
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.
