• 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
Home Technical analysis

NEO, EOS, LTC, IOTA and Lumens Technical Analysis

Dalmas Ngetich by Dalmas Ngetich
3 years ago
in Technical analysis
Reading Time: 3min read
NEO/USD Technical Analysis

NEO/USD Daily Chart for February 26, 2018

Advertisement

At the moment, I’m neutral on most altcoins. EOS and NEO would be my highlight this coming week and all we need from NEO is to cross above $130 or retrace and break below the support trend line.

For EOS, sellers should test $5.8 on the downside but any form of bull pressure between $5.8 and $7 should be a probable loading point for buyers.

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

Lumens Technical Analysis
XLM/USD Daily Chart for February 26, 2018

The importance of confirmation came to pass after February 24 Lumens candlestick.

Even though we had this convincing double bar reversal pattern at the support trend line of our ascending wedge, my recommendation was for a follow through before entry.

That didn’t happen and instead prices are trickling down towards $0.22 or the 78.6% Fibonacci retracement level. Before then, I expect prices to find support at $0.30 and I will remain neutral with a bullish inclination until after there is a break above $0.40 or $0.22 in the next coming sessions.

For now, a consolidation might be the next thing as prices oscillate between $0.40 and $0.22 with mid range support at $0.30.

IOT/USD

IOT/USD Technical Analysis
IOT/USD Daily Chart for February 26, 2018

Over the past 2 days, IOTA valuation has been on the rise and that appreciation is evident from price action.

Of course, from my previous analysis, I remain neutral on this pair because prices are still a long way from $3, my main resistance line and buy trigger.

For now, even after yesterday’s early pump and failure to close above the middle BB, I still think buyers are in charge. As such, if there is a recovery and prices rise above $1.95 or above yesterday’s highs, bulls can buy and aim for $2.2 which is our immediate resistance.

EOS/USD

EOS/USD Technical Analysis
EOS/USD Daily Chart for February 26, 2018

It looks like EOS sellers are still on the driving seat and the most likely destination is $7, a key reaction zone and from which the double bar reversal pattern on February 5 and 6 is still riding on.

Besides that possible projection, we should be placing a keen eye on the horizontal consolidation between February 22 and 25 since they are our temporary high lows.

Optimists can begin searching for buy opportunities anywhere around $5.8 and $7 and if there is a change of fortune today and prices break above $8.5 or the middle BB, then $9.5 will be our buy trigger as it has been the case.

LTC/USD

LTC/USD Technical Analysis
LTC/USD Daily Chart for February 26, 2018

Let’s talk of possible spoilers for LTC now that buyers look to be firmly in charge. Fact is they are even feeding the 3rd phase of a typical bullish break out pattern.

Well, the first got to be possible resistance at around $220 which happens to be right around the 50% Fibonacci retracement level.

Today, I expect buyers to cross and sustain prices above it. If not, then a pull back towards the middle BB is on the cards. From there we can as well forget about prices testing $270 in the short term as LTC prices might be confined within $170 and $220 probably in a consolidation.

NEO/USD

NEO/USD Technical Analysis
NEO/USD Daily Chart for February 26, 2018

Honestly, I don’t see any visible change in price action unless of course you are talking about this consolidation along the middle BB. Often, such move is a precursor and a hint of possible break out in consequent sessions.

At the moment though, we still pretty much stuck with our previous analysis and buyers can still play the patience game.

$130 is our trigger and any surge below the immediate support trend line won’t be good for sellers. Anyhow, let’s see what happens today.

All charts courtesy of Trading View

Tags: altcoin analysisaltcoin price analysisaltcoin price forecasteos analysisiot/usd technical analysisiota analysisltc analysisLTC-USD technical analysislumens analysisneo 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

Ethereum

TA: Ethereum Corrects Rally, But 100 SMA Could Spark Fresh Increase

13 hours ago
Bitcoin

TA: Bitcoin Consolidates, Here’s Why BTC Could Surge Above $64K

15 hours ago
bitcoin cme coinbase

CME Flashback: How The COIN Listing Could Culminate Bitcoin Rally

22 hours ago
Ethereum

TA: Ethereum Outperforms Bitcoin, Why Bulls Could Aim $2,500 or Higher

2 days ago
Bitcoin

TA: Bitcoin Trims Gains, But Here’s How BTC Could Rise Again

2 days ago
bitcoin dollar dxy btcusd

Bitcoin, Coinbase Crypto Euphoria Is Blind To Potential Dollar Reversal

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

User-Friendly Interface Is Key to Wisebitcoin’s Steady Growth

April 16, 2021

Sign up and Get Free $30 Coupon With Nhash Cloud Mining Services

April 15, 2021

On CROSS, NFT Loans is supported

April 15, 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.