• 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

Dan Larimer: “Wise men plan for civilized dispute resolution before it happens” :EOS, Litecoin, Stellar Lumens, Tron and IOTA Technical Analysis

Dalmas Ngetich by Dalmas Ngetich
3 years ago
in Uncategorized
Reading Time: 4min read
Altcoins Technical Analysis
Advertisement
Listen to Article

Although we are yet to see confirmations, the fact that most alt coin prices as Litecoin, IOTA, EOS and to some degree Stellar Lumens are stable and trading within tight ranges means bear pressure is slowing down.

Well, it may be a coincidence because this week marks the end of bearish June where pull backs are common. We shall nonetheless take the optimistic approach waiting for prices to edge past key resistance line forming a spring board for further gains in the second half of the year.

Let’s have a look at these charts:

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

EOS Technical Analysis

EOS Technical Analysis
EOS Daily Chart by Trading View

At long last, the confusion, criticism and “centralization” calls are subsiding all thanks to a decision made by Dan Larimer, the CTO of EOS. One thing should be clear: that EOS is a unique blockchain project and the first that has WET governance in place. This means, there are elements of arbitration and that gave birth to ECAF.

ECAF actions which many claim were all over the place and to some extent unprofessional more so when they issued a directive freezing 27 accounts is about to be clipped. In fact Dan Larimer, while suggesting that the constitution be rechecked because “ECAF action damage to community from ECAF is greater than funds we hope to restore to users” and that “Arbitration should be limited to correction of intent of code” were the basis of a constitution check limiting ECAF’s “undefined and unpredictable power.”

Whether you use ETH, BTC, or EOS there is a community governance process which enables upgrades and transaction reversals. Whether you vote by stake or by hash power, votes are cast and decisions are made. Wise men plan for civilized dispute resolution before it happens.

— Daniel Larimer (@bytemaster7) June 24, 2018

It’s highly that these events are behind EOS price support. In the last day alone, EOS is up three percent and actually finding support at our intermittent support at $7. This means that while the general trend is bearish, aggressive traders can pick out bottoms and start buying at current prices with stops at $7. However, conservatives should first stay on the sidelines and wait for bulls to push prices above $9. On the reverse side, any break below $7 cancels this risky buys and ushers sellers aiming for $4.

Litecoin (LTC) Technical Analysis

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

Cryptofuse is attempting to do something no other company has tried before: Take the blockchain offline. This by all accounts is a pretty ambitious drive but a feasible one because contrary to popular opinion, not many people have internet access.

https://twitter.com/CryptoFuseInc/status/1009524966541455367

So it’s a no brainer that availing technology that enables offline transactions without causing duplication within the mainnet will help boost adoption. With that you can send Litecoin transactions, smart contracts and a lot more even in the absence of the internet all thanks to the Mesh technology which they incorporate.

Like EOS, Litecoin bulls are rejecting lower lows and is a tad bit stable, trading above $70. There is a double bar bull reversal pattern at around the first bear target and support at $70. However, what we need to conclusively make a trading decision is a break above $90 in line with our initial trade projection. However, traders can begin buying today with tight stops at $70 with first buy targets at $110. That would entail trading the pull back on a bear trend.

Stellar Lumens (XLM) Technical Analysis

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

As we conclude the month, Stellar Lumens (XLM) prices seems to be recovering, rejecting lower lows at around April lows. Regardless, we remain caution, preferring to trade with the trend and sell on every high, the simple fact that XLM is finding support means buyers can take advantage of this pull back. Ideally, what we wish to see is an up-thrust above 20 cents if XLM buyers are in charge or break below 15 cents signaling trend continuation. Either way, risk averse traders have to wait for a potential break out and trade accordingly.

Tron (TRX) Technical Analysis

Tron (TRX) Technical Analysis
Tron Daily Chart by Trading View

Fans of porn wishing to upgrade to premium can now pay using TRX coins. The rubber stamp was sealed by Tron and Justin Sun. As this partnership reverberates across the crypto-verse, Tron Super Representative Elections is ongoing. Out of the 100 candidates, two-CryptoDiva and Skypeople– are active, validating blocks. Unlike events after EOS mainnet launch, there is sanity and super nodes aren’t blocking accounts. Once TRX coins are released by exchanges, voting will pick up.

https://twitter.com/2ez28u/status/1011927308872151041

Price wise and like other coins, TRX is stable and up one percent at press time. Now, while our sell trades are live, our stops are at June 26 highs of 4.3 cents. If TRX appreciates, reversing those losses then I recommend exiting sells and taking longs with stops at 4 cents. There is a word of caution though. Those who want a more complete double bottoms to print should wait for prices to move above our official buy triggers at 5 cents before buying.

IOTA (IOT) Technical Analysis

IOTA (IOT) Technical Analysis
IOTA Daily Chart by Trading View

In lower time frames, IOTA prices are moving within a tight trade range, a consolidation with short term buy triggers at $1.1. While sellers are technically in charge, sticking to our previous trade plan and waiting for clarity is priority. So, for those trading with the trend and anticipating sells, wait for a break below 90 cents. Otherwise, if today ends up bullish, closing above $1.1, then buy with targets at $1.3 and $1 with stops at 90 cents.

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

Tags: EOS Constitutioneos technical analysisIOTA (IOT) Technical AnalysisLitecoin (LTC) Technical AnalysisStellar Lumens (XLM) Technical AnalysisTron (TRX) PornhubTron (TRX) Technical AnalysisTron Super Representative Elections
TweetShare17
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

Ethereum

Ethereum Could See an Explosive Move Higher Following Massive 20% Surge

2 hours ago
bitcoin bear trend adx

Bear Trend Begins To Take Hold In Bitcoin For First Time Since October 2020

3 hours ago
Bitcoin of America

Bitcoin of America is on the Rise: Expands to 600 plus ATMs

5 hours ago
Bitcoin

Bitcoin Tests a Critical Resistance Following Overnight Rebound; What’s Next?

7 hours ago
Finlaw Associates to Submit Draft Cryptocurrency Regulation to Indian Govt as Community Demands for Clarity, Mr. Mishra Explains

Finlaw Associates to Submit Draft Cryptocurrency Regulation to Indian Govt as Community Demands for Clarity, Mr. Mishra Explains

10 hours ago
Polkadot (DOT)

Charted: Polkadot (DOT) Holding Gains Despite Sharp Drop in BTC and ETH

15 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

Cryptowisser Releases Report on Exchanges With Lowest Fees

January 22, 2021

LABS Group Announced Strategic Partnership with Centifuge to Provide DeFi Collateralized Property Backed Lending

January 22, 2021

Jump-starting Crypto Adoption: Aurix IEO Scheduled for January 21st on ExMarkets!

January 22, 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.