#Altcoins Price Analysis: LTC/USD Top Performer as XLM Inch Higher

Neutral #Altcoins Price Analysis: LTC/USD Top Performer as XLM Inch Higher

The altcoin market is back to green with LTC/USD adding six percent in the last 24 hours. At the same time, Stellar trade volumes are quite high as the market remain expectant of a probable listing at CoinBase after BAT expected support. All in all, we expect gains to continue throughout this week.

Let's have a look at these charts:

EOS Price Analysis

It seems like the events around Bitcoin Cash software upgrade is lifting prices across the board. From the charts, EOS is up roughly three percent in the last day and poised to edge higher after horizontal range mode of the last 18 days or so. Though prices are still held within the bullish and high-volume Oct 15 bar, the simple fact that losses of Oct 29 have been reversed speak tones about the underlying momentum. It's for this reason that we recommend aggressive type of traders to ramp up at spot rates with first targets at $7. Complementing stops should be equally tight at Oct 15 lows at $5.

LTC/USD Price Analysis

Boom! LTC/USD pair is the second top performer in the top 10 after surging six percent in the last day confirming our previous trade plan. Because of the high market participation and the comprehensive reversal of Oct 29 losses, it's highly likely that the minor resistance trend line connecting the last two months high would be broken. Besides, LTC/USD bulls will surge recouping Oct 11 losses. As such, we suggest buys at spot with stops at $50 and first bull target would be at $70.

XLM/USD Price Analysis

All things constant, XLM/USD is poised for higher highs thanks to their rather stellar performance over the weekend. After Friday's super gains strengthening bulls, price confirmations are encouraging. But, still 25 cents price tag is important and we must first see strong gains above this mid-range resistance and buy trigger line. From there aggressive traders should buy on dips or at spot with stops at 22 cents and first targets at 30 cents and later 50 cents.

TRX/USD Price Analysis

#TRON set a new record with 996,041 daily transactions on Nov 3 πŸ“ˆπŸ’₯

Comparison on Nov 3:$BTC: 249,564$ETH: 505,015$XRP: 265,004
= 1019583 Total Txs#TRX is a mere 23,542 Txs from beating the combined daily transaction volumes of #BTC, #ETH & #XRP!#IAmDecentralized πŸ––πŸ½$TRX pic.twitter.com/zaMtAjVRB1

- Misha Lederman (@mishalederman) November 4, 2018

It appears as if the revival of the crypto market is boosting the number of transactions within the Tron platform. According to Justin Sun, the founder of the platform and a crypto celebrity, TRX related transactions printed 990k transactions on Nov 2 which is double that of Ethereum. At the same time TronDice has so far paid out 200 million of TRX-approximately $4 million.

On to the chart and TRX/USD is trending inside a rising wedge. Following the last day gains we now have a three-bar bull reversal pattern, the morning star printing from around the support trend line rejecting attempts of lower lows meant to confirm Oct 11 huge losses. In any case, we need to see a confirmation of these gains and today should edge higher. Should it print today then we suggest small size buys with first targets at 3 cents and later 4 cents. However, risk-averse, conservative traders need to see rallies above 3 cents or 4 cents before buying.

ADA/USD Price Analysis

Two things are clear: first, we have a spike in market participation supportive of buyers and the result is a break above resistance trend line. Secondly, ADA/USD is bouncing off 7 cents cementing our last price forecast. Now, because of yesterday's price expansion, we recommend aggressive traders to buy at spot with stops at 7 cents and first targets at 9.5 cents and later 12 cents. On a more conservative approach, traders need to wait for gains above 9.5 cents or Oct 15 highs before buying. Thereafter first targets will be at 12 cents where breakouts will see rallies towards 20 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.

11/05/2018 / 02:00:52 Source: newsbtc

1 BTC=$6,338.63
1 XRP=$0.5116
1 ETH=$207.04
1 XUC=$3.90
1 BCH=$523.73
1 EOS=$5.30

News Feed 50

Cryptonewsreview Neutral - How the next financial crisis is set to see people turn to cryptocurrency read more.
11/12/2018 / 05:55:14
Ccn Neutral - Cardano, Zcash, Stellar Surge Prior to Coinbase Listing; XLM up 27% read more.
11/12/2018 / 05:52:22
Bitcoin.Com Neutral - South Korea’s Upbit to Launch Exchanges in Thailand and Indonesia read more.
11/12/2018 / 05:45:43
Cryptonewsreview Negative - Bitmain on the warpath against hacker – and has filed a lawsuit too read more.
11/12/2018 / 05:40:42
Coinnounce Neutral - Zeniex Crypto Exchange closing down after crackdown by Korean Authorities read more.
11/12/2018 / 05:32:00
Cryptonewsreview Neutral - How one of the world’s largest banks is turning to Ripple again read more.
11/12/2018 / 05:31:45
Livebitcoinnews Neutral - Germany’s BaFin Shuts Down Crypto-Capitals’ Cross Border Crypto Trading Operations read more.
11/12/2018 / 05:30:51
Coindesk Neutral - IBM Says Blockchain Can Power 'Open Scientific Research' in New Patent Filing read more.
11/12/2018 / 05:00:28
Coinnounce Neutral - #Bitcoin Cash Price Analysis: BCH on a fall ahead of hardfork read more.
11/12/2018 / 04:56:51
Newsbtc Neutral - #Bitcoin Cash Price Analysis: BCH/USD Extending Losses Towards $500 read more.
11/12/2018 / 04:28:04
Livebitcoinnews Neutral - William Shatner Offers Support for Vitalik Buterin read more.
11/12/2018 / 04:00:18
Cryptoglobe Neutral - South Korean Crypto Exchange Pure Bit Exit Scams After Raising 13,000 ETH read more.
11/12/2018 / 02:30:37
Newsbtc Neutral - #Bitcoin Price Analysis: BTC/USD Increasing Demand ahead of BCH Hard Fork read more.
11/12/2018 / 02:15:42
Newsbtc Neutral - XLM/USD, ADA/USD Gains Setting Pace for Inevitable Altcoin Price Recovery read more.
11/12/2018 / 02:00:22
Ccn Neutral - Activists Use Crypto to Protect ‘Rap Against Dictatorship’ from Government Censorship read more.
11/12/2018 / 01:44:58
Livebitcoinnews Neutral - And They Say Crypto is Criminal! Investors Sue 16 Big Banks Over Alleged Foreign Exchange Market Manipulation read more.
11/12/2018 / 01:30:30
Bitcoinist Neutral - Without a Digital Currency, Sweden Faces the Privatization of Money read more.
11/12/2018 / 01:00:35
Ccn Neutral - Bitcoin Accepted Here: Major US Museum Now Takes Crypto Payments read more.
11/12/2018 / 00:30:04
Cryptoglobe Neutral - Iran's Rial-Supported National Crypto to Go to Commercial Banks as Sanctions Grow read more.
11/11/2018 / 23:30:44
Ccn Neutral - What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada read more.
11/11/2018 / 23:15:31
Livebitcoinnews Neutral - Bitcoin Mining Giant Bitmain Sues “John Doe” Binance Hacker Over $5.5 Million BTC Theft read more.
11/11/2018 / 23:00:15
Cryptoglobe Neutral - EOS Gets Its First Stablecoin: CarbonUSD (CUSD) read more.
11/11/2018 / 22:50:45
Ccn Neutral - Binance CEO: Market Still in Good Position — Real Crypto Volume 2x Larger Than Reported Stats read more.
11/11/2018 / 22:11:04
Livebitcoinnews Neutral - Ripple Technology to Power International Payment Corridor Between Japan and Brazil read more.
11/11/2018 / 21:00:23
Cryptoglobe Neutral - Crypto Africa Roundup: Why South Africans Buy Crypto, Zambian Authorities Shut Down Scam read more.
11/11/2018 / 21:00:00
Themerkle Neutral - Bitcoin Price Watch: As a Store-of-Value, Bitcoin Is Unbeatable read more.
11/11/2018 / 19:47:51
Cryptoglobe Neutral - Fork Wars: Bitcoin Cash SV Surges as Craig Wright Reveals 50%+ of Hashpower Support It read more.
11/11/2018 / 19:35:42
Ccn Neutral - Lawyer: Ripple Bumping Securities Lawsuit to Federal Court is Brilliant read more.
11/11/2018 / 19:34:08
Bitcoinist Neutral - BCH Hard Fork: Bitcoin SV Winning ‘Hash War’ Against Bitcoin ABC read more.
11/11/2018 / 19:00:18
Bitcoin.Com Neutral - Vietnam at Crossroads on Cryptocurrency Regulations read more.
11/11/2018 / 19:00:04
Cryptopotato Neutral - Why is it Crucial to Solve the Security-Complexity Relation for Fast Track Adoption? read more.
11/11/2018 / 18:54:22
Themerkle Neutral - Bitcoin Cash Price Dips Below $525 as Bitcoin SV Starts Pumping read more.
11/11/2018 / 18:20:20
Livebitcoinnews Negative - Swedish Man Mails Bomb to Bitcoin Exchange Over Lost Password, Sentenced to 7 Years in Prison read more.
11/11/2018 / 18:00:07
Ccn Neutral - Crypto Market Stable as Bitcoin Stabilizes at $6,350, Decentraland Surges 10% read more.
11/11/2018 / 17:25:23
Coinnounce Neutral - Illegal Trading by Poloniex? BCHABC and BCHSV on Poloniex read more.
11/11/2018 / 17:21:10
Themerkle Negative - Basic Attention Token Price Plummet Continues as Technical Fundamentals Indicate More Pain read more.
11/11/2018 / 17:12:13
Cryptoglobe Neutral - Cryptocurrencies Will Replace Fiat By 2030, International Blockchain Speaker Claims read more.
11/11/2018 / 17:00:00
Bitcoin.Com Neutral - Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork read more.
11/11/2018 / 16:50:35
Blokt Neutral - VersaVault’s ‘Digital Safety Deposit Box’ Set for Commercialization read more.
11/11/2018 / 16:47:03
Newsbtc Neutral - Web Summit 2018, a Great Event for Crypto Community read more.
11/11/2018 / 16:18:03
Cointelegraph Neutral - Private Blockchains Could Be Compatible with EU Privacy Rules, Research Shows read more.
11/11/2018 / 16:10:00
Cointelegraph Neutral - Hodler’s Digest, November 5-11: Star Trek’s Captain Kirk Defends ETH Decentralization, While Fake Elon Musks Overrun Twitter read more.
11/11/2018 / 16:03:00
Bitcoinist Neutral - Bitcoin ATMs Have Spread to 4,000 Locations Globally read more.
11/11/2018 / 16:00:42
Cryptoglobe Neutral - Bitmain Files Lawsuit Against Hacker Who Allegedly Stole $5.5 Million From Its Binance Account read more.
11/11/2018 / 15:30:39
Livebitcoinnews Neutral - Cryptocurrency Holders File Lawsuit Against US Telcos Over SIM Swapping Incidents read more.
11/11/2018 / 15:00:23
Trustnodes Neutral - Bitcoin’s Hashrate Falls 13% read more.
11/11/2018 / 14:57:30
Cryptoglobe Neutral - #XRP Long-term Price Analysis read more.
11/11/2018 / 14:45:41
Ccn Neutral - Revolut: Lack of Investor Interest Stunting Crypto Adoption on Wall Street read more.
11/11/2018 / 14:30:43
Newsbtc Neutral - EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions read more.
11/11/2018 / 14:03:00
Cryptoglobe Neutral - Circle Invest Lists Basic Attention Token, Following Coinbase's Listing read more.
11/11/2018 / 14:00:55

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.