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After yesterday's reds, the altcoins are in front of the sword and as long as the sellers have control, by swapping inside a bear breakout model, it is likely that Tron, Monero, EOS, Stellar Lumens and Litecoin will print the new 2018 lows by reprogramming the 2017 price tags.
Let's take a look at these graphs:
EOS price analysis
Unfortunately for EOS owners, prices are falling free. In the last week alone, EOS declined 25 percent and the situation worsened by eight percent yesterday.
To read: Binance Post Demo video of his decentralized exchange with Binance chain
Regarding price action, our latest EOS / USD trading plan is valid and because prices are in line with a bear breakout with a net resistance of $ 4 and a secondary buy trigger for $ 3. 5, it is likely that EOS would yield to our main support at $ 1.5 before finding support.
This means that another reversal may occur while Tether rises to the sixth hand as the demand for a stable and reliable stable currency increases.
Litecoin (LTC) Price analysis
Unlike EOS, Litecoin losses are moderate and even if they fell by around 5% on the last day and week, LTC / USD is trading above November lows, which means our previous business plan It is valid. Surprisingly, prices are in the slide while the fundamentals are aimed at the bulls.
This is a divergence and as long as prices are trading above the 2018 highs, at $ 25- $ 30 of support zone, the bulls will have a chance.
Otherwise and there is a high volume of interruption and closing under the bullish pin on November 25th, we could witness panic sales that will bring LTC prices to the $ 5 playground levels Q1.
Stellar Lumens (XLM) Price analysis
Despite our expectations of increasing the bull momentum of Stellar Lumens, the sellers are back and with a vengeance. Although XLM is still perched on the fourth, it is down seven percent in the last day and with increasing volumes – 4 million versus an average of 4.2 million, we expect yesterday's sales momentum to spill over.
In this case, therefore, we recommend to aggressive traders to vanish our previous XLM / USD business plans, download spot and wait and see the approach by observing how prices will react to the 8 cents support.
If at that point there are signs of bulls, then they can load the resistance at 15 cents with the first objective to the previous support.
Tron (TRX) Price analysis
On chain transactions it is increasing and while the Tron Foundation is in overdrive it promotes the use of the platform through various incentives such as the acceleration program and making use of several developer suites for the rapid creation and launch of several dApps.
Read also: BitFinex expands Stablecoin's lists to provide an "agnostic platform"
And it seems he is paying. There is confidence in the currency and so far has increased by 18 percent in the last week, stable in the last day and up by one place until the 11th.th in the rank of the market. Although sellers have control and TRX / USD is undoubtedly traded in a bear breakout model as evidenced in previous TRX / USD trading plans, refusal of lower lows and lower price printouts increases the probability of a bull's break above 1.5 cents.
From our previous iterations, once this happens, we expect TRX prices to rise to 3 cents, bringing Tron back to the top 10. If not, and increase the gains on November 28th, then we could see TRX repeat the lows of all the coin times to January 24 minimum.
Monero (XMR) Price analysis
Like BTC and LTC, Monero is finding widespread support thanks to the privacy that distinguishes it. Users can now withdraw the currency from various ATMs in Switzerland.
Bity added #Monero to their encrypted ATMs in Switzerland! https://t.co/jHKMGflyMg
– Monero || #xmr (@monero) 5 December 2018
But while at this, XMR is under pressure and down two points at 12th. From the chart, it is clear that the XMR / USD is traded within a bear breakout model and with sharp falls below $ 70 a week ending November 25, the bears have been released.
The only time we recommend long ones is when there will be convincing resurrects pushing prices above $ 70, our immediate level of resistance. Before that, we expect prices to fall to $ 20 or lower them more if the losses are kept at the same pace.
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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