• 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

IOTA, EOS, Stellar Lumens, Cardano, Litecoin Price Technical Analysis: Early Stages of a Altcoin Price Recovery, More Gains Expected

Dalmas Ngetich by Dalmas Ngetich
2 years ago
in Uncategorized
Reading Time: 3min read
IOTA, EOS, Stellar Lumens, Cardano, Litecoin Price Technical Analysis: Early Stages of a Altcoin Price Recovery, More Gains Expected
Advertisement
Listen to Article

It’s a ball park four percent gain in the altcoins market with IOTA spearheading the recovery with a 15 percent gain yesterday. Based on price action, we expect a continuation of yesterday’s greens and in that case positives in ADA, Stellar Lumens, IOTA, EOS and even the deep Litecoin which is less than $5 from $50 main support line.

Let’s have a look at these charts:

EOS Technical Analysis

EOS Technical Analysis
EOS Daily Chart by Trading View

Though the EOSIO blockchain is vulnerable to RAM exploitation, the community is always innovating devising check and balances against such events.

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

Even if gains are limited to say the least, recent series of higher highs are pointers of a steadying market. With yesterday’s four percent gain at the back of strong bulls by end of last week, we might see a breach above $5.5 as laid out in our previous EOS trade plan.

Should that come to pass today, then buyers can begin searching for pull backs in lower time frames before ramping up longs with targets at $7—our immediate resistance line and previous break out support.

Litecoin (LTC) Technical Analysis

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

After Ethereum and Bitcoin, Litecoin prices are steady to say the least. Judging from yesterday’s price action—where bulls added two percent, Aug 20 high low might continue confining Litecoins prices.

However, should there be a break above $60 buyers can load at spot prices and aim for $70 and later $90, the upper limit of our consolidation with stops at the lows of the break out candlestick.

On the other hand, it would be trend resumption if there is a break below the second bear target and immediate support at $50.

As mentioned in our previous LTC price analysis, risk off traders can begin loading longs at spot prices with a safety net at $50 just in case our projection is voided by a high volume candlestick confirming Aug 20 bears.

Stellar Lumens (XLM) Technical Analysis

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

If anything, out previous eight Stellar Lumens technical analysis hold true. This is all due to Stellar Lumens prices moving within a consolidation with main supports at the monthly support trend line with caps at 22 cents on the upside.

Regardless of this momentum building accumulation, our trade conditions holds. Since the market is upbeat, we shall trigger longs once there are conclusive gains above 26 cents with stops at lows of the break out candlestick. In the meantime though, risk off traders can ramp up longs in lower time frames with stops at 20 cents.

Cardano (ADA) Technical Analysis

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

Aside from the five percent gain and rejection of lower lows, ADA’s trade range is tight and our last Cardano (ADA) trade plan is virtually unaffected.

Nonetheless, we shall treat yesterday’s movement as an accumulation and with higher highs backing our assertions, risk averse traders can begin buying at spot prices with stops at ADA’s all-time lows at 7 cents. First bull targets would be at 12 cents, our previous support and main sell trigger line.

IOTA (IOT) Technical Analysis

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

Like the rest of the market, IOTA’s trajectory is up and this coin is leading the market with a 13 percent gain in the last 24 hours.

From our last IOTA trade plans, our longs should be active by today assuming there is a follow through from yesterday’s buy triggering move.

If that is the case, we shall take longs at spot prices with stops at yesterday’s lows at around 55 cents. First targets would be at 90 cents.

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

Tags: Cardano (ADA) Technical AnalysisEOS RAMeos technical analysisIOTA (IOT) Technical AnalysisLitecoin (LTC) Technical AnalysisStellar Lumens (XLM) Technical 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

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin En Route to $30,000 After Price Falls ~12% in a Day; Here’s Why

58 mins ago
Highly Anticipated Ethereum Fee Model Upgrade is Expected in 2021

Highly Anticipated Ethereum Fee Model Upgrade is Expected in 2021

2 hours ago
Metaverse: The Bridge Over NFT To Integration

Metaverse: The Bridge Over NFT To Integration

4 hours ago
Ripple (XRP)

Charted: Ripple (XRP) Signaling Bullish Breakout, Why It Could Retest $0.35

7 hours ago
Ethereum

TA: Ethereum Steadies Above $1,280, Why ETH Could Restart Its Rally

9 hours ago
Bitcoin

TA: Bitcoin Struggles Below $36K, Why BTC Could Extend Losses

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

Seascape Network to take DeFi Gaming to the Next Level with the Binance Smart Chain

January 21, 2021

Bit.com To Launch Industry’s First BCH Options

January 20, 2021

NOWPayments Presents: Fiat Conversion

January 20, 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.