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It is a four percent increase in the playground in the altcoins market with IOTA driving the recovery with a gain of 15 percent yesterday. On the basis of price action, we expect a continuation of yesterday's green and in this case positive in ADA, Stellar Lumens, IOTA, EOS and even the deep Litecoin which is less than $ 5 from the main support line of $ 50.
Let's take a look at these graphs:
EOS Technical Analysis
EOS Daily Chart of Trading View
Although the EOSIO blockchain is vulnerable to exploitation of RAM, the community is always innovating, devising controls and balances for these events.
Even if the gains are limited to say the least, the recent series of highest highs are indicators of a stable market. With the four percent gain yesterday at the end of the strong bulls by last week, we could see a breach of more than $ 5.5 as established in our previous EOS trading plan.
If it were to happen today, buyers can start looking for pulls back in shorter times before going up for a long time with targets at $ 7: our immediate resistance line and the previous breakout support
Litecoin (LTC) Technical Analysis
Litecoin Daily Trading View Chart
After Ethereum and Bitcoin, Litecoin's prices are stable to say the least. Judging by yesterday's price action – where the bulls have added two percent, the high minimum of August 20 could continue to hold down Litecoin's prices.
However, if there were to be a break above $ 60, buyers can charge at spot prices and aim for $ 70 and then $ 90, the upper limit of our consolidation with stops at the break of the candlestick.
On the other hand, it would be the resumption of the trend if there is a break below the second target of the bear and an immediate support for $ 50.
As mentioned in our previous analysis of LTC prices, the risk that traders can start charging long at spot prices with a safety net at $ 50 in the event that our projection was canceled by a high-volume candlestick that confirmed the bears of August 20.
Stellar Lumens (XLM) Technical Analysis [19659017] Technical Analysis of Stellar Lumens (XLM) ” width=”1280″ height=”1024″/>
Daily chart of lumens of Trading View
If anything, the previous eight Stellar Lumens technical analyzes are true. This is due to the fact that the prices of Stellar Lumens are moving within a consolidation with the main support to the monthly support trend line with hoods at 22 cents upwards.
Regardless of this accumulation of accumulated momentum, our trading conditions remain. Since the market is optimistic, we will have to trigger the long ones once there will be conclusive earnings above 26 cents with arrests at the candelabra minimums. In the meantime, however, traders may risk increasing longs in lower frames with stops at 20 cents.
Cardano technical analysis (ADA)
Cardano daily chart for trading [19659006] Apart from the 5% gain and the refusal of the lower lows, ADA's commercial range is narrow and our latest commercial plan of Cardano (ADA) is practically unaffected.
However, we will consider yesterday's movement as an accumulation and with a higher support our affirmations, risk averse operators can start buying at spot prices with stops at ADA's historical lows at 7 cents. The first bull targets would be 12 cents, our previous support and the main sales line.
IOTA (IOT) Technical Analysis
IOTA Daily Chart by Trading View
Like the rest of the market, the trajectory of IOTA is up and this currency is driving the market with a gain of 13 percent in the last 24 hours.
From our latest IOTA business plans, our longs should be active starting today assuming there is a follow-up from yesterday's purchase purchase move.
If so, it will take long to spot prices with arrests at yesterday's lows at around 55 cents. The first targets would be 90 cents.
Disclaimer : This is not an investment advice and the views represent that of the author and not of NewsBTC. Do your research before making an investment decision.
