• 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
  • Invest BTCTry
  • Join STC ICOBuy
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
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo

Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Bitcoin Dominance at 53.25% as Altcoins Register Losses

Dalmas Ngetich by Dalmas Ngetich
3 years ago
in
Reading Time: 3min read
Altcoins Technical Analysis
Advertisement

Though there are attempts of higher highs now that most coins are yet to break away from key support lines and still trading inside that strong bullish engulfing candlestick of Aug 17, odds are today sellers might snap back and confirm the eight month bear trend. As seen from the chart, Litecoin, Tron, Stellar and even IOTA registered losses with EOS printing a seven percent loss yesterday.

Let’s have a look at these charts:

EOS Technical Analysis

EOS Technical Analysis
EOS Daily Chart by Trading View

It’s back to red territory for EOS. Accompanying this depreciation is a seven percent drop in the last day effectively nullifying last week’s attempts for higher highs. Judging from the chart, our EOS trade plan is clear: Sell on every high going forward now that yesterday’s price action was limited with sellers failing to breach Aug 20 lows.

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

Considering  the general layout of candlestick in the last 20 days or so, our bear break out pattern which went live after Aug 8 high volume break below $7 confirming June 22 break below $9—the upper limit of our last consolidation is now live.

As such, and as per our iteration in our last EOS technical analysis, fading the trend by buying is counter intuitive especially if we bring into the picture the strong bear trend of the last eight months.

Litecoin (LTC) Technical Analysis

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

From the chart, LTC prices are confined within a $15 trade range defined by our immediate resistance at Aug 17 highs at $65 and lows at $50 as marked by the lows of Aug 14 pin bar.

While we retain a bearish projection, buyers might build up momentum and break above $70 cancelling our sell stance.

If not and there is a dip below $50, then we recommend shorting on pull backs in lower time frames with stops at the break out highs with first targets at $30 as laid out in our last LTC trade plan.

Stellar Lumens (XLM) Technical Analysis

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

Of all the coins under our review, Stellar Lumens looks promising. Not only did it recovery and rebuff sell pressure once Facebook launching rumors began doing rounds but the simple fact is that XLM is steady and is actually one of the top performer in the last month or so.

For now, Stellar Lumens sellers appear to have an upper hand following yesterday’s six percent drop and since the overall trend is bearish, odds are we might see further depreciation today more so after prices dip below our minor one week support trend line as marked in the chart.

Once that happen, we shall recommend risk off traders to sell on every high in lower time frames with stops above the break out candlestick and first targets at 15 cents and later 8 cents. On the flip side, conservatives can take a neutral stand and trade according to our laid out Stellar Lumens trade plan only initiating trades once XLM bulls edge prices above 26 cents on the upside and 18 cents on the downside.

Tron (TRX) Technical Analysis

From the News

  • Justin Sun wants Venezuela’s Petro to launch in Tron and not Ethereum

Technical Analysis

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

Like most coins, not only are TRX prices moving within tight ranges but yesterday’s price action failed to breach below or above Aug 20 high low.

In that case, our previous Tron (TRX) is solid and going forward, short term aggressive traders would be free to initiate shorts only when there is conclusive high volume close below 1.8 cents as they sync with the general trend with first targets at Jan 24 lows.

If not and say buyers build up enough momentum confirming Aug 17 Morning Star bullish reversal pattern and edging past 2.2 cents, then we recommend low size longs with first targets at 3 cents as the retest phase is completed.

IOTA (IOT) Technical Analysis

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

If anything, yesterday was the fourth day of yet another lower time frame consolidation inside Aug 17 high low. This not only validates our previous trade plans but builds up momentum of a potential break above or below 60 cents or 45 cents.

Though altcoins sentiment has been bright in recent days, chances are we might see lower lows and snap back to trend more so if there is a break below 45 cents today or in coming days.

It’s because of this reason that we suggest holding off trades until after there is a solid trend definition.

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 technical analysisIOTA (IOT) Technical AnalysisLitecoin (LTC) Technical AnalysisStellar Lumens (XLM) Technical AnalysisTron (TRX) 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

Value Network

Value Networks’ Binary Options on Qtum Blockchain Experienced 200x Growth in DeFi

10 hours ago
Bitcoin

Why Bitcoin Price Is Gearing For Another Lift-Off To New ATH

11 hours ago
OlympusDAO OHM

Why this OlympusDAO’s product could be amongst DeFi most lucrative

18 hours ago
Bitcoin BTC BTCUSD

How Bitcoin back above $60,000 could create a powerful upside move

20 hours ago
Ripple XRPUSDT

How Ripple’s big win in court correlates with XRP’s 113% rally

20 hours ago
bitcoin real estate mogul

LA Real Estate Mogul Buys Bitcoin, Accepts BTC For Rent

2 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

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

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

Two Leading Russian Media and PR Agencies United Into One Full Cycle Advertising Agency

April 9, 2021

Southampton FC Extend Partnership Deal with Blockchain Leader the Coingaming Group

April 9, 2021

Omni.ai Releases Whitepaper for Alternative All-Inclusive and Revenue-Sharing Social Media Platform

April 9, 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
  • Invest BTC
  • Join STC ICO

© 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.