• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo

Cardano, EOS, Stellar Lumens, Litecoin, Monero Price Analysis: Altcoins Register Gains at Key Supports as Sellers Lose Steam

Dalmas Ngetich by Dalmas Ngetich
2 years ago
in Uncategorized
Reading Time: 3min read
Goldman Sachs
Advertisement
Listen to Article

There is a ray of hope in the crypto-sphere: Litecoin is up three percent rejecting lower lows right at $50 support line while Stellar Lumens bulls did add five percent following through on Sep 11 gains. Others as EOS and Monero are stable but edge higher with Monero trending along $100, a psychological level. In the mean time ADA is below ATLs at 7 cents meaning our sell triggers are live overriding news of Metaps ADA integration come November 2018.

Let’s have a look at these charts:

EOS Price Analysis

EOS Technical Analysis
EOS Daily Chart by Trading View

The drop in Ether (ETH) prices should logically be supportive of EOS but for some reason that has not been the case. If anything, the movement of EOS has been restricted to a very tight trading range with support found between $4.5 and $4.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

As mentioned before, temporary reprieve could be found only when prices edge above $5.5, our very minor resistance line. When that happens, then maybe EOS would have mustered some momentum to reverse last week’s losses. However, that seem to be a tall order and the proximity of $4 elevates odds of a break below and bear targets of $1.5 being hit.

Litecoin (LTC) Price Analysis

From the News

  • Even as the Litecoin developers take on the risky route of creating a web-based wallet, Charlie Lee can’t simply stop throwing jabs at Bitcoin Cash. Citing low hash rates—stands at around 6 percent of Bitcoin; he said a continuous Bitcoin mining attack on the Bitcoin Cash network would wipe the coin out in no more than 20 days. But he thinks Bitcoin miners won’t waste time on such activities. On matters cryptocurrency and adoption, Charlie lee thinks the only way Litecoin and other cryptocurrencies would gain traction is if users find a simple way of using crypto for their day to day transactions. That would trigger mass adoption and the only way to spur such is to build speedy, robust systems with simple to use user interfaces. To him that’s when people will truly begin appreciating what it means to be their own banks.

Price Analysis

Litecoin (LTC) Technical Analysis
Litecoin Daily Chart by Trading View

Thanks to a three percent gain in LTC, sellers did slow down preventing sells triggers below $50. Instead, what we have is a pin bar with virtually no sell pressure but visibly strong bulls– clear in lower time frames.

While we can suggest longs, the best approach is to hold on a neutral position keeping in mind that any bull candlestick printing at the $50 mark shall complete a three bar reversal pattern and trigger the next wave of buys.

If that is the case today, then we shall begin taking buys in lower time frames on Friday with first targets at $70 and later $90. If not, and sellers reverse these losses then the trip to $30 is open on every pull back retesting $50 as laid out in prior LTC prior forecasts.

Stellar Lumens (XLM) Price Analysis

Stellar Lumens (XLM) Technical Analysis
Stellar Lumens Daily Chart by Trading View

Though news of Stellar Foundation acquisition of Chain should be bullish for XLM, prices are actually stable and oscillating within Sep 12 high lows.

According to our set XLM trade plans spelled out yesterday, we recommend holding off trading until either there is a solid close below 18 cents inviting sellers or there is a rally above 25 cents reversing week ending 9 hinting of a possible recovery.

Even if it’s unlikely, any break below 18 cents, shall undoubtedly reinvigorate sellers aiming for 8 cents or Dec 2017 lows.

Cardano (ADA) Price Analysis

From the News

  • By November, Metaps will complete their integration with ADA making it possible for consumers to make purchases across 33k stores throughout South Korea.

Price Analysis

Cardano (ADA) Technical Analysis
Cardano Daily Chart by Trading View

With a three percent drop in the last day, ADA did close below the 7 cents mark meaning prices are now trading in new all time lows. But it could get worse for ADA especially if sellers press lower today.

Because of this new development, we shall trade according to the laid out plan and sell on every retest now that we have a bear break out pattern. ADA sellers shall place their stops at around 8 cents and let the trade run only exiting when stops are hit or when solid reversal patterns print later in the bear territory.

Monero (XMR) Price Analysis

Monero (XMR) Technical Analysis
Monero Daily Chart by Trading View

The main support trend line is once again proving helpful for XMR. From the charts, not only did we see a rejection of lower lows in lower time frames resulting in that long lower wick hinting of bull pressure but the failure of sellers to drive prices below the psychological $100 level speak volumes about underlying momentum.

Technically, XMR is in a down trend but any move above the $110 or $120 level might trigger a minor revival reversing Sep 5 losses. On the other side of the coin, any dip and close below $100 shall confirm our past XMR price forecast and could easily see prices printing $70 or lower.

Disclaimer: This is not investment advice and views represent that of the author. Do your own research before making an investment decision.

Tags: Cardano (ADA) Price AnalysisEOS price analysisLitecoin (LTC) Price AnalysisMonero (XMR) Price AnalysisStellar Lumens (XLM) Price Analysis
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

Chainlink (LINK)

Charted: Chainlink (LINK) Correcting Gains, Why Dips Remain Attractive

8 mins ago
Ethereum

TA: Ethereum Trims Gains, Why ETH Could Find Strong Support Near $1,275

2 hours ago
Bitcoin

TA: Why Bitcoin Price Remains At Risk for a Fresh Drop to $30K

4 hours ago
chainlink massive bearish divergence altcoin crypto

Massive Bearish Divergence Hints At First Major Chainlink Corrective Phase

6 hours ago
Ethereum

Analyst: Ethereum Likely to Tag $2,000 in Near-Term as Rally Turns Parabolic

10 hours ago
ethereum bitcoin

Ethereum Beats Bitcoin Performance Two Years Straight, What’s Next?

11 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Mercuryo, Binance’s Fiat Processor Partner, Announces Major Move to North American Market

January 26, 2021

There’s a New Bitcoin Wallet on the Line – Cryonik.io

January 25, 2021

Join PEAKDEFI – a Safer Way to Grow your Wealth

January 25, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.