Litecoin, EOS, Stellar, Tron, IOTA Technical Analysis

admin

— Huobi Global (@HuobiGlobal) August 1, 2018 For the nth time, traders cannot withdraw their EOS from Binance. The crypto exchange platform is citing wallet maintenance as an excuse. But, this isn’t boding well with the community since they claim Binance is trying to manipulate the EOS market by allowing deposits only. Anyhow, possible reasons…

— Huobi Global (@HuobiGlobal) August 1, 2018 For the nth time, traders cannot withdraw their EOS from Binance. The crypto exchange platform is citing wallet maintenance as an excuse. But, this isn’t boding well with the community since they claim Binance is trying to manipulate the EOS market by allowing deposits only. Anyhow, possible reasons for this could range from regular wallet maintenance, upgrades or addition of more features on their wallets or a potential hack. We can just speculate. Power Ledger will participate in EOSHackton that will take place in Sydney according to EOSphere-Australia. Are these subtle hints of a possible switch from Ethereum to EOS? Technical Analysis EOS Daily Chart by Trading View
Risk-reward wise, it’s tricky to liquidate EOS and sync with the market. Well, there are reasons to sell and one of them include that $1,000 erosion of BTC valuation is the last three days or so.

However, while this is enticing, we should consider our EOS trade plans and trade with it. As mentioned in previous EOS technical analysis, sellers will be in charge once they close below $7. Before then, we shall retain a neutral to bullish stand. Litecoin (LTC) Technical Analysis From the News Relative to its market cap, Litecoin has the largest number of daily active users (DAUs) and transaction volumes than any other coin.

This means the coin is not only popular but it is also active. This might be the reason why most businesses as CheapAir accepts LTC as pay and is available at several POS providers as Wirex. These and many other pointers hint of utility and value. Seeing this unveil, eToro’s Greenspan thinks that there is an undervaluation in Litecoin. Crypto.com previously Monaco, is the latest cryptocurrency platform to support Litecoin and three other coins according to their latest tweet.

By availing Litecoin, the platform said they were “transforming it into a go-to, intuitive platform #Litecoin (LTC) has been added to the MCO Wallet App, the first #cryptocurrency to be added to the MCO platform since the app launch. It joins BTC, ETH, BNB, & MCO.

All can be purchased, exchanged, and sent securely within the app https://t.co/Ut7evJUyo4 @SatoshiLite pic.twitter.

com/AahCpTwMLc
— MCO Crypto (@MCO_Crypto) August 1, 2018 Technical Analysis Litecoin Daily Chart by Trading View
Our Litecoin trading plan is pretty much constant. As sellers continue to wreck havoc on price, aggressive traders can always short on pull backs with immediate first targets at $70, our main support line.
However, in line with our Litecoin (LTC) technical analysis , risk-on traders can wait for conclusive moves below $70 before loading their sells.
On the reverse side, odds of Litecoin’s rapid gains are slim to none but $90, the upper limit of this $20 trade range is our buy trigger.

All that is needed is a breach invalidating that bear break out pattern set on course by June 10 bear candlestick. Stellar Lumens (XLM) Technical Analysis From the News By collaborating with Lightyear.io, SharesPost shall add Stellar as an exchange location in their Global Liquidity and Settlement System (GLASS) initiative. Overly, this would be positive for tokens available at Stellar DEX as they will find exposure in global markets and be settled as long as they are complaint in any jurisdiction. Technical Analysis Stellar Lumens Daily Chart by Trading View
As before, we shall maintain our bullish stand and sync with the last two weeks high volume higher highs.
It’s pretty simple to see why: the last five bear candlesticks rejecting higher highs candlestick volumes pales in comparison to the last two weeks daily averages.
As such, we shall interpret this as a lack of conviction by sellers to tow in and that by extension means Stellar Lumens bulls stand a chance.

Besides, we didn’t see a follow through yesterday.

As a matter of fact, XLM prices were oscillating within July 1 high lows. Tron (TRX) Price Analysis From the News The Tron Foundation is releasing their first Android version of their TronWallet to users. With the wallet, users can easily transact in TRX, participate in mainnet token sales and even vote for super representatives straight from their mobile phones. TronWallet is now available on Android! Send, receive, freeze $TRX , vote for the Super Representatives, participate in token sales from your phone with this decentralized wallet built by Getty/IO! iOS version available soon, more info on @TronWalletMe

Leave a Reply

Next Post

Ethereum Classic, IOTA, NEO, DASH, Cardano Technical Analysis July 10th

News Ethereum Classic, IOTA, NEO, DASH, Cardano Technical Analysis July 10th Ethereum Classic, IOTA, NEO, DASH, Cardano Technical Analysis July 10th By Email After what appeared to be a revival, crypto prices are relapsing. Ethereum Classic for example is edging close towards pre-CoinBase announcement lows after that fake bull break out triggering our buys by…

Subscribe US Now