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On average, last week's losses were above 15 percent. Coins such as EOS and Monero, for example, were down 23% while further losses in Tron would have most likely triggered a collapse in prices towards the ATLs of the currency. Put simply, most of these coins are testing key support lines and are literally on a ledge even when the coin-specific fundamentals are positive.
Let's take a look at these graphs:
EOS Price Analysis
Week on week, EOS is down 23% As a result, what we have is a double minimum at about $ 4.5, the top-level support line in our EOS price analysis From our previous analysis, our business plan depends on how prices react later Sunday's refusal of the lower lows The fact is that yesterday was fairly uniform and with a pin bar closing the day, the EOS movements were placed within a narrow range of trading, which means that the sellers are still in charge, as shown by the long upper wick.This is why we recommend that you remain neutral until there are strong if they confirm September 9 candelabra or a follow-up of last week's depreciation driving prices below $ 4.5
Litecoin (LTC) Price Analysis
Litecoin Daily Chart for Trading View
If more USDTs are printed, its market capitalization may exceed that of Litecoin (LTC). However, considering the overall demand for a stable currency and USD in this declining market, a decline of less than $ 50 would certainly trigger the next wave of declining sales of Litecoin to $ 30 in line with our latest analysis of LTC prices. This could damage the subsequent launch of USDT-LTC. However, for now, we remain neutral and, for our own sake, recommend performing operations once prices fall below $ 50. Alternatively, if LTCs close above $ 60, the maximum capitalization limits after losses on September 5, we suggest buying small LTC lots.
Stellar Lumens (XLM) Price Analysis
Stellar Lumens Daily Chart for Trading View
After yesterday's losses, Stellar Lumens is trading below 20 cents and retry our main support line at 18 cents. We have emphasized how important this level is and, after today, we could see the breaking of the bears below the lows of 2018. Note that yesterday's candelabra had a long top wick. More importantly, it ended up building less on the trend set by the bears on September 5th. Therefore, any plunge and close below 18 cents will most likely trigger bears eager to sell on each retreat by retesting the resistance zone from 18 cents to 20 cents with targets at 8 cents.
Tron (TRX) Price Analysis
Tron Daily Chart for Trading View
Currently, TRX bears are testing the double bottom and 1.8 cents support line . In line with yesterday's TRX preview, we recommend that you take a neutral support applicable for those who lost on September 5th. Once there are compelling high-volume volumes that complement the 25% loss from last week, sellers can start downloading with targets at the January 24 lows or Tron's ATLs. If not and TRX get a boost by refusing further writedowns, then any close above 2 cents would probably trigger bulls that point to 3 cents or just above the 5 September highs.
Monero (XMR) Price Analysis
Monero Daily Chart for Trading View
A three percent decline in the last day was enough to nullify the bullish attempts of the September 9, which triggered a potential breach below the main support trend line under $ 100. A look at the 23% loss last week means that the odds of a closing below this psychological sign confirm that the losses of 5 September are high. According to our expectation, any price loss driven under this brand will undoubtedly mean the resumption of sales pressure. In that case, the appropriate arrests would be at $ 110 and immediate targets would be at $ 70.
Disclaimer : This is not an investment advice and the views represent that of # 39; author. Do your research before making an investment decision.
