NEO, Stellar Lumens, IOTA, Litecoin, EOS: Technical Analysis for April 28, 2018
While we were generally expectant of a follow through, bears stepped in and reduced last week’s buy pressure. However, our buy projections remain valid since most coins are in the green territory, one week later. Even as EOS cements its spot in the top 5, I see potential in Litecoin and IOTA which continues to court headlines.
Let look at these charts:
It’s consistency that draws value over the long term and that is what we are seeing if we consider EOS and its value in general. To begin with, prices are up 2.5x since Dawn 3.0 launch and why not, the update came earlier than anticipated
At the moment, crypto space commanders are battling to become block producers while other start ups are readying to launch their products at the EOSIO mainnet. On the trading front, some exchanges as ZebPay are listing EOS in the process increasing its trading volume and liquidity
On the charts, EOS is up 17 percent in the last 24 hours amassing a market cap of $14.26 billion and cementing its position in the top five. In my view, EOS should add more as it looks to clear this year’s highs of $18.6. In the coming week, I expect EOS to appreciate higher and as such I recommend buying on dips. As such, our immediate support lies at $14 or the 23.6 percent Fibonacci retracement level.
LTCUSD (Litecoin)
