Judging by the way the chandeliers are arranged, the altcoins seem to touch the spoils by averaging six percent in the last week. The recovery in this recovery is the recovery in Bitcoin prices, which has increased by 9% in the last week and the chain developments that have attracted the demand to Tron and Iota. Stellar Lumens on the other hand is flickering oscillating within a descending wedge with limit earnings of 25 cents.
Let's take a look at these graphs:
EOS Price Analysis
From the news
- dApp by Dan Larimer and smart bargaining platform continues to outperform. Recently, during the Blockchain World conference in San Jose, California, the platform was declared the best blockchain platform of the year. This only takes place weeks after the Chinese CCID has named the best blockchain platform of the month for the fourth month in a row.
Although there has been a slight decline in the momentum seen by yesterday's price action, the EOS bulls continue to dominate by adding 33 percent in the last week alone.
While risk traders may accumulate long on dives in shorter times during synchronization with the general bull pressure, we recommend patience until there is a definitive closing above $ 7, our immediate online resistance line with our latest EOS shopping plan.
Stops should be at the highs of August 17th at $ 5.5 with the first goals at $ 9, the upper limit of our last range.
Price Analysis Litecoin (LTC)
A 17 percent gain in the last week means that LTC is strengthening our bullish position. What is important, however, is the way in which the action is set on prices and in this case we highlight the bullish candelabra of September 1, a technical confirmation of the bullish candlestick of August 17 and a trigger of our long expectations .
at $ 55 and the $ 70 targets are active, conservative traders should wait until there is clear evidence that the most recent highs are a new $ 70 test or a new wave of bulls reversing the pressure of the last month.
especially if this weekend closes bullish above $ 80 or $ 90 on the upside.
Stellar Lumens (XLM) Price Analysis
After the inversion of the altcoin heading launched at the beginning of August, Stellar Lumens is nothing short of wobbly. Currently, prices are still trading in a decreasing wedge with support at around 20 cents – our monthly support trend line and 25 cents on bullish tapping gains.
Given the recovery in the altcoin markets and, above all, BTC, probably there is an underestimation in the XLM and that is why we suggest buying once there is a break above 25 cents with goals at 30 cents and 50 cents later.
Undoing this hawkish projection is any move that will violate the monthly trend line towards 20 cents and 18 cents in line with our previous XLM analysis.
Tron price analysis (TRX)
From the news
- In an effort to trigger community participation, the Tron Foundation announced a new initiative that rewards users for voting for their Super Representatives.
Technically, the probabilities that TRX will increase during the week. In the weekly chart, there is a nice three-bar inversion model, the Morning Star and although the last five days the price action has been varied, any violation exceeding the week ending August 12th at 3 cents will be indicative of a growing market and a shift of increasing the amount of bull. Thanks to the events of last week, we recommend the longs with stops at the lows of August 27 at 2.2 cents and first targets at 3 cents and after 4 cents.
IOTA Price Analysis (IOT)
From the News
- Set for launch in 2019, IOTA and Volkswagen are working on a new product, Digital CarPass.
Like the TRX, the IOTA is slowing down, but prices are still moving higher by 27 August in a descending triangle which means our last IOTA exchange plan is active. Since the general moment is bullish, we suggest taking longs in shorter times with stops at 60 cents – 17 August maximums and first targets at 90 cents and after $ 1.3.
Disclaimer : This is advice and opinions on investments do not represent that of the author. Do your research before making an investment decision.
Post Litecoin, EOS, Stellar Lumens, Tron, IOTA Price analysis: EOS adds 33% of awards and precede appointments For Altcoins first appeared on NewsBTC.