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Losses are high in EOS and this is partly due to requests for centralization of block producers and uncertainty about Dan Larimer's commitment. But while we expect bears to slow down, Tron is stable and up 22 percent in the last week. In fact, it could break and close the main resistance line above 1.5 cents, turning on the buyers by aiming for 3 cents.
EOS price analysis
The EOSIO network could be one of the fastest intelligent trading platforms in circulation, but with a DPoS consent algorithm that introduces block or super node manufacturers, network representatives must now defend the blockchain from centralization critiques.
Now it is getting worse when Dan Larimer plans to "explore" and create another cryptocurrency. Other reports indicate that Starteos, a block maker, will share their awards with users who will vote in their favor.
StartEOS is voting for the purchase, sharing its block premiums with EOS token holders who vote for them. Let's see how long it takes for them to abandon the top 21? The decay of the vote takes a while, but we can already see their level fall since the news starts to come out # 3 https://t.co/wtxsCfkIsW pic.twitter.com/EHQMvY7IPu
– Token Status (Tokenize the World) (@tokenstate) December 4, 2018
To read: EOS centralization returns home when Block Producer offers money for votes
The wise price and EOS slippage at $ 1.5 would be faster if the bears were keeping up with yesterday's 6% losses. This was expected and as long as EOS / USD is stuck under $ 4, we recommend trading in line with our previous business plans, downloading EOS on each withdrawal. Next, we will mitigate this plan once there will be solid gains above $ 3.5, a level of importance in our analysis.
Litecoin (LTC) Price analysis
The point is that sellers have an advantage and although LTC / USD is trading 90 percent compared to the peaks of 2017, we expect prices to find support as long as LTC is trading above $ 30.
At the moment, our previous business plan is valid and before recommending purchases, we suggest patience until there is convincing evidence of involvement of the bulls once there is a clear break and close above the highs of 25 November at $ 35.
Read also: CoinBase and PayPal: a game made in Crypto Heaven?
Once printed, it may be a bullish moment for the bulls to reach $ 50, our main resistance level, as LTC / USD buyers propose to cancel the 2018 losses.
Stellar Lumens (XLM) Price analysis
Calgary's NDAX is now the first Canadian stock exchange to use the XLM / CAD pair.
NDAX has launched an XLM / CAD coupling. NDAX is making it easier for Canadians to diversify their cryptocurrency investments by being a leader in the list of new Crypto / CAD pairings.#CryptoNews #cryptocanada #CAD $ XLM $ XRP $ BTChttps://t.co/cN7LWS9OPd
– NDAX (@ndaxio) December 4, 2018
Even with this, XLM is struggling against sellers who find the caps at around 20 cents and further losses that will see prices fall below the November 2018 lows automatically invalidating our previous XLM / USD price analysis. As before, if there are decreases below 15 cents that confirm the losses of Nov24, Lumens could test 7 cents or highs in May 2017 by the end of the year.
This can be printed if the bulls can not penetrate 25 cents by endorsing the explosion of a bear that has interrupted the week ending November 25th.
Cardano (ADA) Price analysis
Perched at 10th, ADA / USD is one of the top performers in the top 10, adding five percent in the last week. This may sound positive, but ADA is the worst performance of this year, since bears have so far canceled the 2017 earnings.
What's worse is that we could end up recording new lows of 2018, if there are drops lower than the lows of November 25 to 3.3 cents while the bears deflate our bullish prospect by canceling the morning star in the model.
As in the previous ADA / USD commercial plans, we suggest taking a neutral but bearish position, buying ADA once there are high-volume bars that close above 4.5 cents. This will cause a wave of aggressive buyers who point at 6 cents and later at 9.5 cents according to our previous iterations.
Tron (TRX) Price analysis
TRX has risen by 22% in the last week and since TRX / USD has found support, we could see the cancellation of the bear breakout model put in motion by November 19-20.
Ideally, we would like to see a peak in trading volumes that accompany any increase above 1.5 cents in line with our latest TRX / USD trade plan.
In this case, our first goal will be 3 cents with a safe stop at the lowest breakout bar.
All graphics courtesy of Trading View
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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