NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 27, 2018

NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 27, 2018

According to statistics, 97% of all coins listed in the Top 100 list as per CoinMarketCap compilation are in the red. Ontology is the only gainer adding 12.56% while Bitcoin is down 8% trading below $8,000.

Basing our finding on price action, we expect further depreciation with EOS possibly reversing last weeks gains and LTC testing $100 or lower by weeks end.

Lets have a look at these charts:

XLM/USD (Stellar Lumens)

XLM/USD Bittrex 4HR Chart for March 27, 2018

By press time, Lumens was down 9.23% according to CoinMarketCap statistics. Unfortunately, it seems like Stellar Lumens sellers are just getting started and gearing towards last weeks lows of $0.15.

This is just what the charts hints and coming at a time when Stellar Lumens is receiving awesome developments.

In my view, today sellers should look to ramp up their sells and trade according to the general negative outlay. If there are attempts of higher highs then $0.25 to $0.30 should be ideal sell zones.

IOT/USD (IOTA)

IOT/USD BitFinex Weekly Chart for March 27, 2018

After yesterdays price action, IOTA sellers are firmly on the driving seat. Because of this, chances of IOTA trading at parity with the USD remain high. Fact is IOTA might even trade lower if this sell pressure persists.

Stochastics in the weekly and 4HR charts are negative. Besides, we take a top down approach and prioritize price development in the weekly chart.

There its clear that not only can bears be overambitious and targets $0.85 but they can look forward for further erosion with the bulls eye at $0.30. Thats October 2017 lows and the stem of Q4 IOTA rally.

EOS/USD (EOS)

EOS/USD BitFinex 4HR Chart for March 27, 2018

Sellers are on a rampage and to put things in perspective, EOS is down 18% in the last 24 hours and reacting from the resistance trend line. In my view, the degradation is just picking up momentum.

If we base our limits on price action then we can as well pick potential support or the ideal bear targets at $4. Thats March 18 lows and the foundation of last weeks 58% gain.

Not this though, if you want to trade this pair then it could help if you wait for stochastics sell signal to form in the 4HR chart before shorting.

Even if prices might recover, the current bear trend is only beneficial for those who are already in the trade. Anyway, any form of EOS recovery means sellers can stand by and wait for sell signals anywhere between $6.5 and $7.5.

LTC/USD (Litecoin)

LTC/USD CoinBase 4HR Chart for March 27, 2018

If we base our analysis from yesterdays preview then we can see that prices are generally bearish and LTC bulls didnt push prices above the resistance trend line. As such the series of bear candlesticks from the liquidation line is wonderful but sad from an investors perspective.

Zooming out and basing our analysis on the weekly chart, its evident that sellers are eye balling $90 or there about. Coincidentally, thats the 78.6% Fibonacci retracement line.

Considering this bear momentum, it will not be rocket to project that if bears clears March 18 lows at $135, then $100 is an open goal even if LTC sellers may experience rejection along the way.

NEO/USD (NEO)

NEO/USD Bittrex Daily Chart for March 27, 2018

Initially, March 25 consolidation could have been a short term spring board for NEO prices but as price action means our stop loss was hit.

Overly, we remain bearish meaning traders should look for sell opportunities whenever it arises. Sometime bear target is $50 and any break below that then its likely that we might slide towards $25.

All BitFinex, Bittrex and CoinBase charts courtesy of Trading View

26.03.2018 / 14:05 29
NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 24, 2018 NEO, EOS, LTC, IOTA, Lumens: Technical
While Ace is up 157%, BTC could only muster a 0.2% gain helping slow down the altcoins slide. Generally speaking, NEO, LTC, EOS, IOTA and Lumens are
NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 22, 2018 NEO, EOS, LTC, IOTA, Lumens: Technical
Our highlight of the day is EOS. Even if most altcoins as NEO, LTC, Lumens and IOTA didnt record impressive gains, that surge and close above the
NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 20, 2018 NEO, EOS, LTC, IOTA, Lumens: Technical
These high liquid alt-coins- Lumens, NEO, LTC, Monero, IOTA and LTC continue to edge higher. As per our expectation and as history shows, often
NEO, EOS, LTC, Monero, Lumens: Technical Analysis March 16, 2018 NEO, EOS, LTC, Monero, Lumens:
There is a flicker of hope at-least in the short term and if we consider yesterdays shift in momentum across these liquid alt coins then there is a
NEO, EOS, LTC, NEM, Lumens: Technical Analysis March 15, 2018 NEO, EOS, LTC, NEM, Lumens: Technical
Its bad guys and if anything, we can start meditating and hope Satoshi appears out of thin air to support BTC. Vitalik in the meantime can say
NEO, EOS, LTC, Monero, Lumens: Technical Analysis March 14, 2018 NEO, EOS, LTC, Monero, Lumens:
While there is an obvious slide of altcoins prices, there is hope for EOS, LTC and NEO. Technically, these charts are hinting of possible price
Comments (0)
Add a comment
Comment on