All in all, traders and investors are optimistic about morale that favors the resumption of the price of altcoins. However, for that to happen, we have to see giant leaps when EOS buyers, Litecoin and Tron accumulate enough momentum for further higher highs after last week's highs. The IOTA and Stellar Lumens bulls could drive this recovery on the condition that today they close like a bull when prices exceed 60 cents and horizontal prices over 22 cents.
Let's take a look at these graphs:
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Technically, EOS prices are fairly stable and increase in value. ; 1% in the last day. With the oscillation of EOS, prices continue to fluctuate by 17 August with a bearish bearish trend without confirming the three-bar reversal pattern that many expected to push prices towards our immediate resistance line at $ 7.
In any case, our EOS business plan is clear: Bears are in control and any $ 7 retest is another sales opportunity with the first $ 4 goals as aligned in our previous EOS technical analysis . At the moment, we recommend taking a neutral approach and waiting for convincing appreciations of more than $ 6 if buyers accumulate enough momentum or for a recovery of the trend below $ 4
Litecoin (LTC) Technical Analysis
More LTC buyers fail to reverse these losses and synchronize with the candle bull of August 17, plus our bearish statement continues to hold up. So far, LTC has fallen less than 1% and continues to trade at the lowest level on 17 August, which means that our previous business plan is still valid.
Stellar Lumens (XLM) Technical Analysis
The price is reasonable, Stellar Lumens is constant and still moves for 22 cents and the bullish candelabra is encouraging by 17 August. In line with our latest XLM business plan, all we need is for buyers to push prices above 26 cents and even 30 cents before recommending long times with 22 cents.
On the back, sellers would once again go into trend once prices fall below 18 cents in the lower part. For now, we suggest taking a neutral position.
Tron technical analysis (TRX)
From the news
- 10 days have passed since the launch of the official Tron virtual machine.
#TRON The official TVM will be released on August 31st.
Preparation for Migration Developers #Ethereum
– TRON News 新聞 (@TronNews_) 19 August 2018