The cryptographic market is back in loss territory and while Tron (TRX) and EOS are leading the loss with a decline of 8% on the last day, the bitcoin domain rises by three percent to 48 percent. In both cases, judging from the chart, it seems to be a disappointment for Tron's investors (TRX). As such, sellers are likely to enter and lower prices.
Let's take a look at these graphs:
EOS Technical Analysis
From the News
- Eva, a new ride sharing app that plans to compete with Uber and Lyft, will be launched on EOS . Critics doubt the feasibility of the project and, if so, must be decentralized.
– Everipedia (@Everipedia) July 30, 2018  Technical Analysis
As illustrated above, EOS is technically negotiated within a bear breakout model and if we take a step back we realize that $ 9 is not just a buy trigger but the previous support now resists.
Anchoring this view is June 22nd, bringing the candle below $ 9 and triggering sales pressure. In my opinion, on July 30th, July 9th and June 22nd, chandeliers are trendy pointers. Therefore, the best approach is to wait for the closing below $ 7, our sales line and sell with all the arrears with general objectives to $ 4.
It is easy to understand why: all the candlesticks sold have very high volumes. In addition, they have a wide range of trading by canceling the bullish attempts.
Litecoin Technical Analysis (LTC)
From the news
- HTC Exodus is the first smartphone that will be specifically designed to run dApp while maintaining high-level security. The co-founder of Litecoin, Charlie Lee, will be the main consultant of HTC on the project to be launched in the fall. According to Charlie, the phone will support LTC and LN. However, there are solid plans to integrate BTC and Ethereum.
He met the HTC Exodus team last week and was really excited to hear that the phone will natively support LTC and Lightning Network on Litecoin! I'll be a consultant because I see that having a secure crypt phone that makes LN simple is necessary for mass adoption.
P.S. No, they will not remove BTC. https://t.co/WQcygPVst0
– Charlie Lee [LTC⚡] (@SatoshiLite) July 30, 2018
Like any project, mass adoption is good news and once LTC becomes mainstream, its evaluation will be sky rocket.
In the meantime, however, litecoin (LTC) buyers are having a hard time taming sellers. It has dropped four percent on the last day, but sellers have to close convincingly below $ 80.
If this happens today, they risk starting to charge traders with $ 80 arrests with the first targets at $ 70 and after $ 50.
On the other side of the coin, conservatives are on the sidelines in waiting for breakout. Any violation greater than $ 90 cancels this bear breakout set by the June 10 sellers. Meanwhile, the collapse below $ 70 confirms that the bear broke the model and reported to the bears to enter.
The first general objectives in both cases are respectively $ 110 and $ 50
Stellar Lumens (XLM) Technical analysis