On the last day, altcoin prices were stable. Earnings or losses remained in the one-percent range as sellers began to reduce earnings. The fact that the Cardano and EOS bulls are not able to close above the key resistance lines at 12 cents and $ 7 supports our downward forecast. On the other hand, the prices of Litecoin and Stellar Lumens continue to evolve within 27 September and 23 bull bars underscoring our stand raised.
Let's take a look at these graphs:
EOS price analysis
Faced with the corruption of block producers, the weakness of DPoS and similar "energy efficient" consensus algorithms has been laid bare. And EOS is slowing down by stabilizing around $ 5.5. From the previous EOS analysis, $ 5.5 is the previous minor support bull-firing line that sets the time for gains towards $ 7. $ 7 is an important resistance level and an important purchase line in our business plan EOS.
As before, the EOS bears remain under control until prices are trading below $ 7. With this declining decline worsened by yesterday's losses, prices are likely to fall below $ 5.5 in the coming days.
It should be noted that the resistance for the increases coincides with the retracing of 78.6% of Fibonacci in September 2018 very low. If today were to fall below $ 5, we could close EOS below $ 4 by deflating our bullish expectations. However, earnings above $ 7 could lead to sources above $ 9.
Litecoin price analysis
The 27 impressive gains underline our analysis. Technically, we remain bullish on Litecoin despite the lack of moving news on the market in recent days. Although LTC is down 1% on the last day, the fact that sellers have not accumulated enough momentum to cancel the 27 September earnings is bullish.
As such, LTC bulls can buy at spot rates with stops close to the lows of September 27th at $ 55. The type of risk-on trader should refrain from taking positions until there are no net breakouts above $ 60 in line with our previous Litecoin business plans.
Price analysis of stellar luminaires
The fact is that as long as Stellar Lumens prices will be traded within the all-time low of September 23 and above 25 cents, XLM is bullish. Although there is a noticeable resistance to gains with the three-percent XLM spread in the last day, the price is getting support at 25 cents.
Note that the bars that repeat the main support test of 25 cents of previous resistance all have a signal entry signal of the lower long wick. Coincidentally, the support is clear around the 50% Fibonacci retracement levels.
As before, the bear drives under 20 cents cancel this business plan. On the other hand, earn over 27 cents, open doors for 50 cents.
Price analysis of Cardano
Without a doubt, Cardano is still developing by dividing the views. There are optimists who aim for $ 1 and beyond while there are pessimists who think that Cardano is just an academic adventure that will be heard on the flop. They could be wrong or right. Blockchain projects are known for flop and underperformance despite the enormous transmission time. While it may be a long time before the launch, Cardano deserves the benefit of the doubt. And trust Charles Hoskinson.
So far, ADA prices are in a precarious position. The last three highest heights are encouraging, but as prices are still below all the important 12 cents, the bears are technically under control. However, we note that the ADA bulls are accelerating by rejecting the lower lows, thanks to the September 27 trend that defines sellers' moves and failures to empty 7 cents.
Going forward, any drop below 7 cents cancels this project and could lead to new lows. The downside, gains above 9.5 cents, is a bullish purchase moment that could see prices repeating 12 cents to cement our latest Cardano price forecasts.
Monero price analysis
Like most of the coins in question, Monero ranges from $ 100 to $ 120. Although there were small dives below the main support trend line, Monero found support yesterday adding two percent.
This is positive, but it is not enough to trigger trade because, as we stated in our previous Monero business plan, Monero has to slip below the sellers of $ 100 or above $ 120 inviting buyers to look at $ 150. Because none of this has been respected, our commercial position Monero is neutral.
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.