XLM/USD, ADA/USD Gains Setting Pace for Inevitable Altcoin Price Recovery

Neutral XLM/USD, ADA/USD Gains Setting Pace for Inevitable Altcoin Price Recovery

Even with ball park +75 percent losses from 2017 highs, the altcoin market is ripe for a reversal as XLM/USD and ADA/USD reject lower lows. Meanwhile, EOS/USD and LTC/USD are near important support levels and today could determine short term price trajectory.

Let's have a look at these charts:

EOS/USD Price Analysis

Back to back losses mean none of our trade conditions are live. However, a glance at the chart indicate that sellers are in charge and could drive prices below $5 triggering aggressive sellers into action aiming at $4. Anyhow, from previous EOS/USD trade plans we shall maintain a neutral stand until prices either surge above $7 or below $5 or $4-for conservative traders.

Related: EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions

In any case first targets would be $9 should prices rally or $1.5 if prices drop below our main support line. But in the meantime, we suggest taking a wait-and-see approach as prices accumulate within a $3 range after dropping +80 percent from 2017 highs, many are rooting for bulls although a contrarian move could wipe out gains as EOS/USD meltdown continue.

LTC/USD Price Analysis

Even with stellar fundamentals and fitting candlestick formation that points to sparkling LTC/USD stars, bulls are struggling against relentless sellers. After reversing gains and bouncing off from the main resistance trend line on Nov 7, we could end up seeing a whole candlestick print below $50.

When that happens, then we shall trade in line with previous LTC/USD trade plans selling on every pull back with stops at the highs of the breakout bar. First targets would be at $30. If not and bulls enter the fray rejecting lower lows then we could recommend patience until after we see solid gains above $60.

XLM/USD Price Analysis

Also Read : EOS Price Analysis: Charlie Lee Positive on LN as Monero Prepares for a Hard Fork

A bright spot in the crypto verse has to be morale boosting developments at Stellar. Months after announcement of interstellar -a DEX that runs on the Stellar blockchain, they did announce the pre-release implementation of bullet proofs which is five times faster than Monero's and executed entirely on Rust via Ristretto group. Rust is a safe but robust programming language with strong privacy features preventing accidental sharing of mutable data while eliminating memory-safety bugs.

No doubt, Stellar Lumens is this week's top performer adding 16 percent in the last week and seven in the last day solidifying our last XLM/USD trade plans. Everything else constant, the market is reacting to technical developments at Stellar. Therefore, we suggest buying XLM/USD at spot with stops at 25 cents aware that breaks above 30 cents could ignite a wave of buy pressure targeting 50 cents.

TRX/USD Price Analysis

Aside from increasing on-chain transactions, investors in Turkey can now buy TRX/TRY at Koineks.

If anything, TRX/USD is at the precipice as price action retests the three month support trend line of the bear flag. Though the path of least resistance appears to be southwards, short term trend will depend on how today close now that there appears to be demand in lower time frames.

If today end up higher we shall have a three-bar reversal pattern and aggressive traders should buy on dips with stops at 2.2 cents and first targets at 3 cents. On the reverse side high-volume losses could trigger a meltdown below Oct lows at 2 cents and with first bear targets at 1.5 cents.

ADA/USD Price Analysis

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.

The failure of sellers to add to their losses reversing Nov 4 gains mean our bull breakout pattern is now valid. In fact, ADA/USD is up one percent in the last day and up six percent on a weekly basis. A look at the daily chart confirms our last ADA/USD trade plan.

In a classic breakout pattern, we suggest buying on dips or at spot with stops at $7.3 cents with first targets at 9.5 cents. Once there are convincing gains above Oct highs-a mid-range resistance, then conservative traders can begin ramping up with modest targets at 12 cents.

11/12/2018 / 02:00:22 Source: newsbtc

BTC
1 BTC=$3,282.06
XRP
1 XRP=$0.2933
ETH
1 ETH=$87.51
XUC
1 XUC=$2.11
EOS
1 EOS=$1.98
BCH
1 BCH=$80.01

News Feed 50

Themerkle Neutral - Crypto Arbitrage Today: BTC, XLM, EOS, DOGE, TRX, ZEC read more.
12/16/2018 / 13:50:09
Blokt Neutral - Ripple’s XRP and Market Leader Bitcoin [BTC] Both Rise to Potential Resistance Points read more.
12/16/2018 / 13:49:16
Cryptoglobe Negative - #XRP Long-term Price Analysis - December 16 read more.
12/16/2018 / 13:30:23
Blokt Neutral - TRON Launches TRXMarket, a New Decentralized Exchange (DEX) read more.
12/16/2018 / 13:29:40
Bitcoin.Com Neutral - The Daily: Trump Chooses Bitcoin Advocate as Chief of Staff, Congressman Proposes Wall Coins read more.
12/16/2018 / 13:05:59
Themerkle Positive - IOTA Price Jumps by 8% and Seeks Support at $0.23 read more.
12/16/2018 / 12:49:32
Cryptocoremedia Neutral - XRP vs Bitcoin (BTC): Which is More Decentralized? Or More Secure? read more.
12/16/2018 / 12:49:05
Cryptoglobe Negative - WAVES Has Risen 72% so Far This Month, Bucking the Bearish Trend read more.
12/16/2018 / 12:30:22
Blokt Neutral - TRON Releases Dapp Weekly Report: Two Tron-based Decentralized Exchanges Launched read more.
12/16/2018 / 12:29:28
Newsbtc Neutral - Facebook Blockchain Arm Booms, Even Amid Crypto Bear Market read more.
12/16/2018 / 12:00:44
Bitcoinist Neutral - Litecoin ‘Flappens’ Bitcoin Cash By Market Capitalization read more.
12/16/2018 / 12:00:04
Coinspeaker Neutral - On the 6th Day of Christmas Coinbase Gave Bitcoin to Syrian Refugees read more.
12/16/2018 / 11:07:56
Bitcoin.Com Neutral - Chatter Report: Zhuoer Claims BSV Block Created ‘Accidentally’, Falkvinge Likens Code Review to ‘Legislation’ read more.
12/16/2018 / 11:05:27
Coindesk Neutral - Exchanges, Startups Pick Sides After the Bitcoin Cash ‘Hash War’ read more.
12/16/2018 / 11:00:57
Cryptoglobe Neutral - Kaspersky: 13 Million Cryptojacking Incidents in 2018, up 400% From Last Year read more.
12/16/2018 / 11:00:06
Livebitcoinnews Neutral - Crypto Millionaire Tosses Money from a Roof in Hong Kong read more.
12/16/2018 / 11:00:02
Newsbtc Neutral - Bitcoin Development Not Controlled by Anyone Says Crypto Veteran read more.
12/16/2018 / 10:57:28
Ccn Neutral - The Venezuelan Government is Forcing Petro Down the Pensioners’ Throats read more.
12/16/2018 / 10:55:24
Cryptoglobe Neutral - #Bitcoin (BTC) Long-term Price Analysis – December 16 read more.
12/16/2018 / 10:15:28
Coindesk Neutral - Coinbase and the Awkwardness of Growing Up read more.
12/16/2018 / 10:15:26
Cryptopotato Negative - November Recorded the Worst Month For ICOs read more.
12/16/2018 / 09:40:37
Cryptoglobe Neutral - Russia Backs Away From Commitment to Trade in Venezuela's Petro Crypto, for Now read more.
12/16/2018 / 09:30:42
Ccn Neutral - Waves Surges into Top 20 Coins as Wider Crypto Market Stumbles read more.
12/16/2018 / 09:09:34
Bitcoin.Com Neutral - CEO of Romanian Exchange Coinflux Arrested on US Warrant read more.
12/16/2018 / 09:05:59
Newsbtc Neutral - Bitcoin Bomb Threats Strike Hong Kong After Debacle In U.S., Canada read more.
12/16/2018 / 08:06:15
Livebitcoinnews Neutral - Facebook Building Its Blockchain Unit, May Develop a New Cryptocurrency read more.
12/16/2018 / 08:00:06
Themerkle Neutral - Bitcoin, XRP, Ethereum Price in the Green. Litecoin and BitcoinSV Leading With 8% Gains read more.
12/16/2018 / 07:31:19
Ccn Neutral - French Financial Watchdog Blacklists More Cryptocurrency Websites read more.
12/16/2018 / 07:16:09
Coinnounce Neutral - 1.3 million Bitmain S9 miners turned off: Bitcoin Mining no longer profitable read more.
12/16/2018 / 05:47:11
Cryptonewsreview Neutral - SolarisBank teams up with German exchange Boerse Stuttgart Group to form crypto exchange read more.
12/16/2018 / 05:43:59
Livebitcoinnews Neutral - Startup Owners Still Invest in Crypto, but They Don’t Believe in It read more.
12/16/2018 / 05:31:34
Cryptonewsreview Neutral - A separatist nation in Cameroon has created its own nation-backed cryptocurrency read more.
12/16/2018 / 05:24:42
Themerkle Neutral - Tesla Owner Successfully Dual-boots Linux and TeslaOS read more.
12/16/2018 / 05:17:37
Newsbtc Neutral - Bitcoin Price Weekly Analysis: BTC’s Short Term Rebound Likely read more.
12/16/2018 / 05:00:02
Coinnounce Neutral - Ethereum Miners are the best targets for Hackers, ETH mining is not profitable read more.
12/16/2018 / 04:54:36
Cryptonewsreview Neutral - Binance has released the first set of blockchain initiatives backed by its Incubation Program read more.
12/16/2018 / 04:53:01
Coinnounce Neutral - #Ethereum Price Analysis: ETH falling to $55? read more.
12/16/2018 / 04:52:09
Newsbtc Neutral - Ethereum Price Weekly Analysis: Upsides in ETH Remains Capped Near $98 read more.
12/16/2018 / 04:08:39
Cryptoinsider Neutral - Timothy C. May: A Tribute read more.
12/16/2018 / 04:05:51
Bitcoin.Com Neutral - BCH-Based Openswap Client Will Feature Trustless Atomic Swaps read more.
12/16/2018 / 03:35:59
Themerkle Neutral - Ethereum’s ProgPoW May Trigger Major Market Movements if Implemented read more.
12/16/2018 / 03:15:19
Cryptoglobe Neutral - Strong Ethereum Numbers Indicate Platform’s Staying Power Amid Crypto Winter: Consensys read more.
12/16/2018 / 03:00:14
Cointelegraph Neutral - Business Models Should Be ‘Re-Imaged’ for Blockchain, Says Barclays Rep read more.
12/16/2018 / 02:53:00
Ccn Neutral - Romanian Bitcoin Exchange CEO Helped Launder Stolen Funds: Report read more.
12/16/2018 / 02:30:05
Ccn Neutral - ‘Wasteland’ Director’s New Blockchain Gaming Store Signs up 22 Publishers read more.
12/16/2018 / 01:10:17
Ccn Neutral - Facebook Aggressively Hiring Blockchain Devs, Discussed Launching Cryptocurrency: Report read more.
12/16/2018 / 00:01:37
Bitcoin.Com Neutral - Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups read more.
12/16/2018 / 00:00:27
Cryptoglobe Neutral - France's Watchdog Warns Against Fraudulent Crypto and Diamond Investment Schemes read more.
12/15/2018 / 23:00:36
Themerkle Neutral - Is This the End of Crypto? read more.
12/15/2018 / 22:56:43
Cointelegraph Neutral - Blockchain Payments’ Mass Adoption Is 3-5 Years Away, Says BitPay CEO read more.
12/15/2018 / 22:53:00
Negative
4.3%
Neutral
94.4%
Positive
1.0%
Mixed
0.2%

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.