The values of Altcoin are being appreciated with Bitcoin Cash (BCH) supporting the rally. However, there is a technical underestimation of EOS, while LTC, XLM and TRX are gaining day after day creating a bullish recovery. If cryptocurrencies are evaluated above the Fibonacci retracement zones this week between 38.2% and 50%, the underestimation must be corrected shortly.
EOS price analysis
The daily EOS charts show that the currency is higher. Despite being confined within narrow limits, EOS interrupted its Fibonacci area, implicitly suggesting a rejection of its lower levels.
Based on its trading style and the fact that prices fluctuate in the lows last week, it is good for prudent and risky investors to buy when prices exceed $ 7.
Analysis of LTC prices
Litecoin's bulls are back once again after rising 6% yesterday. Although the coins are still valued within the high limit of the previous week, they are steadily gaining momentum and prices are 6% higher in the last 24 hours.
If everything remains constant, we maintain our previous LTC pricing forecast for $ 60 zone purchases.
Price analysis XLM
In our previous XLM price analysis, our prediction was based on the sales pressure rejection rate that brought prices above $ 0.25- the breakout zone.
We advise adversaries who are at risk of calculating significant moves before buying targets at $ 0.50.
TRX price analysis
Even in the presence of high trading volumes, it is imperative that prices rise above the value of $ 0.27. This will not only be a sign of purchase, but also a break from the consolidation of the last two months.
XMR price analysis
The current XMR moves are positive and signal a decelerating bear moment that relieves the bulls. Since the general trend of XMR is bullish, we recommend taking long positions with a stop at $ 100. Any reverse blast that will leave XMR valued below $ 100 will cancel the forecast.