Altcoin prices are on the rise and with Bitcoin Cash driving the recovery, there is a technical underestimation in EOS, Litecoin, Stellar Lumens and Tron. Going forward, we keep a bullish recovery. As long as prices are traded above this week's Fibonacci retracement levels between 38.2 percent and 50 percent, this undervaluation must be corrected in due course.
Let's take a look at these graphs:
EOS price analysis
In the daily chart, EOS prices are higher. Even though it is bound within narrow intervals, the fact that we have series of higher highs that bounce on important Fibonacci levels indicates a bottom rejection of the lower lows.
Today, we expect buyers to add yesterday's gains. Going forward, the risk is that traders can start buying in shorter periods of time, now that prices are higher.
Depending on your trading style and the fact that prices still fluctuate in the last highs of last week, it is ideal for prudent and risky investors to buy only when prices exceed $ 7 as per previous iterations.
Litecoin price analysis
RaspiBlitz, which depends on RaspiBolt from Stadicus, now offers support for Litecoin Lightning Network.
It was extremely easy to make it work on Litecoin LN. So I promptly made my mark on https://t.co/a8oEdr5dbc 😀
– Charlie Lee [LTC⚡] (@SatoshiLite) 23 September 2018
With RaspiBlitz, users can – with the use of Lightning Labs, LND – "trigger" their Lightning Network node. However, they should have their RaspberryPi form.
The Litecoin bulls are back after the additions of six percent yesterday. Although prices continue to be traded during the high and low last week's detention, momentum is rising and prices have risen 6% in the last day.
All things constant, we keep our last business plan Litecoin recommending purchases thanks to yesterday's propulsion over $ 60. So as it is, $ 60 is last week's highs and a small bull triggers a small position pointing to $ 70 o at the limits above $ 90.
Price analysis of stellar luminaires
CoinBase is planning to quickly add digital resources to its platform. Coins or tokens that benefit are those that adhere to the KYB and AML requirements of CoinBase and are classified as utility. The stellar platform, though pre-mined, is a utility and embraces decentralization. It is also one of the five coins that CoinBase was exploring earlier. As cash in the top 5, the latest announcement could increase the odds of listing and by extension.
This is an effort with respect to the results scenario in the daily chart which means that bulls are in control on 23 September. From yesterday's XLM business plan, our trading depended on the refusal rate of the selling pressure of prices above 25 cents, the breakout level.
Now that there is a strong market rise above this level, we recommend that risk traders buy spot even if the peak has not erased 30 cents.
The risk-averse traders, on the other hand, should expect solid moves above the high of last week before taking buy positions with targets at 50 cents.
Price analysis of Tron
Project Atlas, is an ambitious project. He will see the integration of Tron and BitTorrent creating a system for sharing and distributing content that is healthy, fast and secure.
Thanks Eric Chen, Technical Manager of TRON on #Blockchain Integrations, for the presentation of an overview of #TRONTechnology a
BitTorrent! Great demonstration of family support as teams come together
hug #crypto-technology! pic.twitter.com/m2CMgAHTmH
– BitTorrent Inc. (@ BitTorrent) September 26, 2018
TRX will be used for payment. For implementation, the integration with Project Atlas will be provided with extensions protocols compatible with previous versions without mining. According to Justin Sun, this will give power to content distributors. Tron will hold a presentation today to deepen the project.
Prices are stable and find support after tracking 50% from last week's high. Even in the presence of high volumes of trade, it is imperative that prices exceed the area of 2.7 cents-3 cents.
Not only will this be a commercial confirmation, but this will mean a break with the consolidation of the last two months. For this reason, traders have the opportunity to turn a profit by buying at spot rates.
The first targets are 3 cents and later 4 cents in sync with the previous Tron price prediction. Safe stops should be at the 17 or 2 cents highs.
Monero price analysis
Without a doubt, the last two months have been bullish for Monero. Note that, apart from the clearer highs with the bulls advocating the trendline, Monero's prices have increased by 30% in the last month.
This is positive and suggests a slow momentum of the bear that relieves the bulls. To synchronize with our latest price forecast, we maintain a bullish perspective. This is as long as the bulls are trading over the support trend line or at $ 100.
Today, as the general sentiment is bullish, we suggest taking long positions in spots with stops at $ 100. Any contrarian move that will see Monero's prices melt below $ 100 will nullify this forecast.
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.