• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
LTC/USD Technical Analysis
Nexo Logo

Altcoin Analysis: NEO, EOS, LTC, DASH and Lumens (XLM)

Dalmas Ngetich by Dalmas Ngetich
4 years ago
in Technical analysis
Reading Time: 3 mins read
Advertisement

We are seeing a change of fortune as far as price action and altcoins is concerned. LTC, Lumens and DASH are on the fore front printing clear bull patterns that awaits confirmations today.

Besides these three, we remain neutral on EOS unless we see a close above $9.5 while NEO is also encouraging as scalpers can enter this trade and aim at $130 in the short term.

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!

XLM/USD

XLM/USD Technical Analysis
XLM/USD Daily Chart for February 24, 2018

As per our projection, all we needed was a double bar bull pattern anywhere around last week’s lows at around $0.34.

That’s what we have now and as it is, I will be looking for that resumption of bull pressure as this is not only happening at support of the ascending wedge but at last week’s low.

Now, it depends on your patience because you can either wait for a cross above $0.40 or the 61.8% Fibonacci retracement level or enter at current prices.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

I recommend entry after today because for assurance purposes, a double bar reversal pattern-bull or bear is only useful if there is confirmation.

DASH/USD

DASH/USD Technical Analysis
DASH/USD Daily Chart for February 24, 2018

We are seeing a nice bounce off the middle BB at $620 and so far, our plan is on course.

From yesterday’s analysis, there is a slight bullish resumption because of yesterday’s doji or bull pin bar right at the support or break out level.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

The thing, even though we are seeing this reversal of last week’s gains, we remain largely bullish and today might actually determine the short to medium course for DASH.

Any strong bullish candlestick today and we shall have that nice 3 bar reversal pattern with $620 as our anchor and all bulls have to do is to refine their long entries in lower time frames on February 25.

EOS/USD

EOS/USD Technical Analysis
EOS/USD Daily Chart for February 24, 2018

Because of lower lows and reversals from recent EOS price action, I still remain neutral on this pair.

Yes, of course there is a clear bull candlestick on the chart and that lack of bearish confirmation is what is positive for buyers.

From yesterday’s preview, the middle BB at around $8.5 remains our first resistance level and we should be watching what price action shows today.

Scalpers may look for buying opportunities in lower time frames and aim for $9.5.

LTC/USD

LTC/USD Technical Analysis
LTC/USD Daily Chart for February 24, 2018

Yesterday’s forecast is on course and now with that reversal right at the middle BB, LTC buyers should be angling and hunting for long opportunities in lower time frame.

Ok, you may decide to wait and see if LTC bulls confirm yesterday double bar reversal pattern and even wait for a close above February 22 highs but the thing is, there are high chances that the 3rd  phase of a micro-bull resumption being in play.

I recommend longs with every stochastic buy signal in the 1 or 4HR charts or when there is a pull back towards $180 or middle BB in the daily chart.

NEO/USD

NEO/USD Technical Analysis
NEO/USD Daily Chart for February 24, 2018

There is s a reprieve for NEO and while there is a reversal right at the middle BB at $110-$115, I shall only recommend wholesale longs with any close above $130. That line remains a strong resistance and support line depending on price action.

Patience is important and now that bull pressure is building up after yesterday’s events, scalpers may as well enter and aim for $130 in the short term.

Conservatives and risk averse traders should wait for a convincing close above $130 or even $155 and wait for pull backs towards the middle BB before buying.

Tags: altcoins technical analysiscoins technical analysisdash/usd technical analysiseos/usd technical analysisLTC-USD technical analysislumens technical analysisneo/usd technical analysisxlm/usd technical analysis
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

TA- Cosmos Could Be Set For A Wild Rally Ahead Of Crucial Breakout

TA- Cosmos Could Be Set For A Wild Rally Ahead Of Crucial Breakout

49 mins ago
bitcoin price support

Has Bitcoin Price Found Support At A Decade-Long Trend Line?

5 hours ago
TA- Ethereum Price struggles To Breakout – Eyes $2,000

TA- Ethereum Price struggles To Breakout – Eyes $2,000

11 hours ago
Bitcoin

TA: Bitcoin Price Could Rally If There Is A Close Above This Key Resistance

19 hours ago
ApeCoin APE-1

TA – Apecoin Price Rallies Ahead Of The $10 Mark

3 days ago
Polkadot

Polkadot Sets Sight On $9 As It Claims The 10th Spot On Crypto Top 10

3 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

The Main Reason Why GNOX (GNOX) Could Flip Dogecoin (DOGE) And Shiba Inu (SHIB) In 2023

August 8, 2022

The Next Bullish Wave in Crypto Could Generate Huge Profits for Uniglo (GLO), Fantom (FTM), and Optimism (OP)

August 8, 2022

The FishVerse Announces the First Ultimate Fishing Metaverse

August 8, 2022

Bware Labs announces the Blast Incentivized Testnet, code-named Houston

August 8, 2022

MEXC to List AURA Network, Supporting NFTs Adoption for More Possibilities

August 8, 2022

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

Crypto Prices from Nomics

Cryptocurrency news

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

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 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.