#EOS, Litecoin, Stellar, Tron, Cardano Price Analysis: Early Stages of a Mega Rally

Neutral #EOS, Litecoin, Stellar, Tron, Cardano Price Analysis: Early Stages of a Mega Rally

It's back to profitability for most altcoins as they register double digit gains. Leading the pack is XLM/USD and ADA/USD trading above important resistance levels. We expect most altcoins to keep expanding throughout this week as they reverse 2018 losses as price action form the foundation of a mega-rally.

Let's have a look at these charts:

EOS/USD Price Analysis

At the back of strong gains, EOS/USD is up four percent in the last day and 12 percent in the last week. The result is clear and most importantly prices are edging higher towards the $7 buy trigger mark. But, before the $7 resistance mark is hit, today we might see the total reversal of Oct 11 losses. Once that prints, we suggest aggressive type of buyers to buy on dips with stops at the breakout lows.

However, risk reward considerations should be top priority and traders should take note not to risk more than they can earn. It's for this reason that it is ideal for all traders to trade according to previous EOS/USD trade plan, buying on dips only when prices are above the $7 mark. Thereafter, first target would be at $9 and later $15.

LTC/USD Price Analysis

Moving forward, traders can margin trade BTC/LTC pair at OkEx. At the same time, it will be possible to send and receive Litecoin at Facebook messenger following their partnership with Lite.im. No doubt this partnership goes a long way in exposing Litecoin to more than 2 billion customers at Facebook who in turn could help steady LTC/USD due to increase in demand.

We are happy to announce that @liteim_official is now live on Facebook Messenger. 2Bn+ @facebook users now have direct access to easily and securely, send, manage and invest in Litecoin.

⭐️ Get Started - https://t.co/NXJdKlhagY

Made By @ZTXRepublic pic.twitter.com/BhvJw9l2fC

- lite.im (@liteim_official) October 31, 2018

Lite.im uses a feature which allow coins to be sent and received through SMS. As such it is important for users to register using their valid email address and phone number.

The expansion of LTC/USD is driving prices towards the $60 bull trigger line. Because of the last two days higher highs, it is likely that we shall trade within a bullish breakout pattern as prices race above $60 reversing Oct 11 losses for a larger three-bar bull of which the pin bar will be the small range bars from Oct 12 to Nov 3.

As such, we suggest risk-off traders to begin loading up at spot once prices close above the minor resistance trend line with first targets at $70.

XLM/USD Price Analysis

After adding 15 percent in the last week, XLM/USD pair is now trading above 25 cents in a bear break out pattern. Since our last XLM/USD trade conditions are now live, we suggest buying on dips or at spot with first targets at 30 cents.

Note that $0.3 is an important resistance level and since prices are trending comfortably above Oct 11 highs, it is likely that bulls will drive prices higher rallying above 30 cents completing a major bull break out pattern. From there on, first target will be 50 cents as laid out in our last XLM/USD trade plan.

TRX/USD Tron Price Analysis

Thanks to Tron-Dice and other gambling dApps, Tron's on-chain transactions are on the rise smashing through the one million mark.

Official 🚨!#TRON has beaten the COMBINED daily transaction volume of the world's top 3 cryptos #BTC, #ETH, #XRP after surpassing 1 million daily transactions Nov 4

Nov 4:$BTC: 226,247$ETH: 510,848$XRP: 260,869
= 997,964 Total Txs$TRX: 1,018,795 Txs 🖖🏽#IAmDecentralized pic.twitter.com/uLmOEcCNlE

- Misha Lederman (@mishalederman) November 5, 2018

It's a new milestone and goes demonstrating how Tron is emerging as a smart contracting platform that is ready to take on Ethereum replacing it on matters governance, technology and execution.

Like other altcoins, TRX/USD is on the rise building on their bull momentum from the Oct 31 pin bar. Though prices are yet to break and close above Sep highs, the general upbeat expectation in the space would easily buoy prices lifting them above key trigger line.

Anyhow, because of prevailing sentiment, traders can ride with the tide loading at spot prices with stops at 2.2 cents and first targets at 3 cents and later 4 cents. The only move that cancels this projection is if TRX/USD sink below 2 cents closing below the support trend line of this ascending wedge.

ADA/USD Price Analysis

Not only do we have a bull break out line as prices bounce off 7 cents, but odds are our ideal trade conditions will be met. But, as prices race towards 9.5 cents or Oct highs, traders can begin buying at spot prices with stops at 7.5 cents.

As laid out in our last ADA/USD price analysis, moves above 9.5 cents mean prices will most likely break above 12 cents cancelling the bear break out pattern of early August.

All Charts Courtesy of Trading View 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.

11/07/2018 / 08:21:25 Source: newsbtc

BTC
1 BTC=$3,662.31
XRP
1 XRP=$0.3271
ETH
1 ETH=$122.74
XUC
1 XUC=$2.00
EOS
1 EOS=$2.53
BCH
1 BCH=$128.97

News Feed 50

Cryptopotato Neutral - Bakkt Futures by ICE is Now Supported by World’s 23rd Richest Man Li Ka-Shing read more.
01/09/2019 / 08:47:17
Themerkle Neutral - NEO Price Gains 12% Despite Malcolm Lerider Departure read more.
01/09/2019 / 08:35:28
Ccn Neutral - Indian Police Make Fourth Arrest in $70 Million Crypto Scam read more.
01/09/2019 / 08:33:42
Cryptonewsreview Neutral - Kraken defends trading of Ethereum Classic, attacks XRP, angers Ripple tech boss read more.
01/09/2019 / 08:32:20
Dailyhodl Neutral - One of the Richest Men on Earth Backs Bitcoin and Crypto, Plus Ripple and XRP, Tron, Stellar, Ethereum, Litecoin, VeChain, IOTA: Crypto News Flash read more.
01/09/2019 / 08:05:10
Ambcrypto Neutral - Litecoin [LTC/USD] Technical Analysis: Cryptocurrency to move along with the bulls on a long run read more.
01/09/2019 / 08:00:38
Newsbtc Neutral - Crypto Market Wrap: NEO Jumps Two Places With 13% Gain read more.
01/09/2019 / 08:00:10
Cryptoglobe Neutral - ShapeShift CEO Says Crypto Is a ‘Harsh Mistress’, Lays Off 1/3 of Staff read more.
01/09/2019 / 07:40:00
Coindesk Neutral - Security Token Offerings: A Way Past the SEC’s Incomplete Crypto Guidance? read more.
01/09/2019 / 07:15:47
Ethereumworldnews - Could Russian Rumors Be Reviving NEO? Surges 15% Today read more.
01/09/2019 / 07:01:58
Ambcrypto Neutral - Tron [TRX] grows steady with 9% hike; Litecoin [LTC] holds strong despite strong resistances read more.
01/09/2019 / 07:00:37
Newsbtc Neutral - Bitcoin Price Watch: BTC Buyers Not Out of Woods Yet read more.
01/09/2019 / 07:00:22
Ethereumworldnews Neutral - Tron (TRX) Rally Looks Real, Price Could Test $0.0350 read more.
01/09/2019 / 06:45:59
Ccn Neutral - Ripple CEO to Critics After Obtaining 200 Clients: Banks Will Use XRP read more.
01/09/2019 / 06:36:40
Cryptonewsreview Neutral - Neo continues to climb, continuing its excellent start to 2019 read more.
01/09/2019 / 06:28:44
Cryptoglobe Neutral - Gold Backed Crypto Exchange Offers Safe Haven for Crypto Investors read more.
01/09/2019 / 06:20:50
Newsbtc Neutral - #Crypto Market Update: Stellar (XLM), Bitcoin Cash, Tron (TRX), ADA Price Analysis read more.
01/09/2019 / 06:00:54
Ambcrypto Neutral - Bitcoin IRA launches turnkey, white-label solutions for enterprise businesses read more.
01/09/2019 / 05:45:21
Cryptonewsreview Neutral - Litecoin founder on the 51% attack problem read more.
01/09/2019 / 05:41:24
Bitcoin.Com Neutral - Venezuela Decrees Crypto Operators Must Pay Taxes in Cryptocurrencies read more.
01/09/2019 / 05:30:28
Cryptonewsreview Neutral - Google is causing problems for a Bitcoin wallet provider read more.
01/09/2019 / 05:28:51
Cryptonewsreview Neutral - Cryptocurrency exchange cuts back staff, admits mistakes read more.
01/09/2019 / 05:25:45
Coindesk Neutral - The Case for a 2020 Bitcoin Bull Run read more.
01/09/2019 / 05:25:42
Dailyhodl Neutral - Tron (TRX) Rallies 34% in One Week, Gears Up With BitTorrent Crypto Token and Binance Launchpad read more.
01/09/2019 / 05:11:52
Coingape Neutral - Bitcoin less Centralized Compared to Ethereum and Bitcoin Cash- Long Hash Research read more.
01/09/2019 / 05:10:45
Bitcoinerx Neutral - New Sanctions Could Push Russia to Dump the US Dollar in Favor of Bitcoin read more.
01/09/2019 / 05:00:49
Newsbtc Neutral - #Ripple Price Analysis: XRP Eyeing Upside Break Above $0.37 read more.
01/09/2019 / 05:00:11
Newsbtc Neutral - #Ethereum Price Analysis: ETH Consolidating, Buyers Could Take Control read more.
01/09/2019 / 04:08:28
Bitcoinist Neutral - State of Emergency read more.
01/09/2019 / 04:00:50
Ethereumworldnews Neutral - #Litecoin (LTC) Price Analysis: Slow But Steady Climb read more.
01/09/2019 / 03:51:39
Cryptoglobe Neutral - Malta's Government 'Completely Silent' About Crypto Development 'Over Holidays', Nation's Opposition Leader Claims read more.
01/09/2019 / 03:50:00
Ethereumworldnews Neutral - #Bitcoin (BTC) Price Analysis: Another Attempt to Break Higher read more.
01/09/2019 / 03:31:02
Bitcoin.Com Neutral - Central Bank Official: Regulators Are Hindering the Development of Cryptocurrencies read more.
01/09/2019 / 03:10:36
Cryptoglobe Neutral - Brave Announces Growth Stats: Surpasses 5.5 Million Monthly Active Users read more.
01/09/2019 / 03:00:00
Cointelegraph Neutral - Square’s Cash App Blocks Account of Social Media Site Gab’s Founder: Report read more.
01/09/2019 / 02:45:00
Ccn Neutral - President Trump Makes His Case for a Border Wall as Economy Hangs in the Balance read more.
01/09/2019 / 02:16:53
Cryptoglobe Neutral - Who Will Win the Race to be the “Crypto Valley of Asia”? read more.
01/09/2019 / 02:00:00
Dailyhodl Neutral - Bakkt – Why a Successful Launch Could Boost the Cryptocurrency Market read more.
01/09/2019 / 01:37:02
Ccn Neutral - Could Japan’s Approval of the Bitcoin ETF Affect US SEC’s Decision? read more.
01/09/2019 / 01:31:17
Bitcoin.Com Neutral - Review: Wasabi’s Privacy-Focused BTC Wallet Aims to Make Bitcoin Fungible Again read more.
01/09/2019 / 01:10:11
Ethereumworldnews Neutral - Crypto Startup CEO: “Gut Feeling” Is That Bitcoin (BTC) Will Fall Under $3,000 read more.
01/09/2019 / 01:00:38
Newsbtc Neutral - Data Suggests That Bitcoin Is Seeing Increasingly Bullish Sentiment read more.
01/09/2019 / 01:00:31
Bitcoinist Neutral - Yellow Vests in France Planning a Bank Run to Collapse the Euro read more.
01/09/2019 / 01:00:30
Cryptoglobe Positive - Cudo Mining Software Lets Users Mine According to Profitability read more.
01/09/2019 / 00:50:00
Ambcrypto Neutral - Bitcoin Cash [BCH] Technical Analysis: Bear picks up the pace taking over the market read more.
01/09/2019 / 00:30:52
Ccn Neutral - Anti-Bitcoin JP Morgan CEO Jamie Dimon: No Recession Ahead, Dow is Rebounding read more.
01/09/2019 / 00:20:24
Cryptoslate Neutral - World’s 23rd Richest Man Invests in Cryptocurrency Exchange Bakkt’s First Funding Round read more.
01/09/2019 / 00:18:25
Cointelegraph Neutral - Litecoin’s Charlie Lee: Decentralized Crypto ‘Must Be Susceptible to 51% Attacks’ read more.
01/09/2019 / 00:17:00
Newsbtc Neutral - Cryptocurrency Bear Market Pressures Shapeshift into Layoffs read more.
01/09/2019 / 00:00:45
Cryptoglobe Neutral - Blockchain Community Returns to Its Founding Principles with Revolutionary New Smart Contract Investment Platform read more.
01/08/2019 / 23:55:42
Negative
2.9%
Neutral
94.2%
Positive
2.5%
Mixed
0.4%

Latest comments: