EOS, Tron (TRX), Litecoin (LTC), Stellar Lumens (XLM), Cardano (ADA) Price Analysis

2018-12-5 07:00

Losses are steep in EOS and this is partly because of block producer centralization claims and the uncertainty around Dan Larimer commitment. But while we expect bears to slow down, Tron is stable and up 22 percent in the last week. In fact, it could break and close above 1.5 cents main resistance line igniting buyers aiming at 3 cents.

EOS Price Analysis

The EOSIO network might be one of the fastest smart contracting platforms around but with a DPoS consensus algorithm introducing block producers or super nodes, the networks representatives now has to defend the blockchain from centralization criticism.

It’s now getting worse as Dan Larimer plan to “explore” and create another cryptocurrency. Further news indicate that Starteos—a block producer, will share their rewards with users who vote in their favor.

StartEOS is vote buying, sharing their block rewards to EOS tokens holders that vote for them. Let's see how long it takes for them to drop out of top 21? Vote decay takes a bit but already we can see their rank dropping since news starting coming out #3 https://t.co/wtxsCfkIsW pic.twitter.com/EHQMvY7IPu

— Token State (Tokenize the World) (@tokenstate) December 4, 2018

Read: EOS Centralization Woes Return as Block Producer Offers Money for Votes

Price wise and EOS slide to $1.5 would be faster more so if bears keep up with yesterday’s six percent losses. This was expected and as long as EOS/USD is stuck below $4 then we recommend trading in line with our previous trade plans, unloading EOS on every pull back. Thereafter we shall fade this plan once there are solid gains above $3.5—a level of importance in our analysis.

Litecoin (LTC) Price Analysis

Thing is, sellers have an upper hand and though LTC/USD is now trading 90 percent from their 2017 peaks, we expect prices to find support as long as LTC is trading above $30.

At the moment, our previous trade plan is valid and before we recommend buys, we suggest patience until after there is convincing evidence of bulls involvement once there is a clear break and close above Nov 25 highs at $35.

Also Read: CoinBase and PayPal – A Match Made in Crypto Heaven?

Once this prints, then it could be an impetus for bulls to rally towards $50—our main resistance level as LTC/USD buyers bid to reverse 2018 losses.

Stellar Lumens (XLM) Price Analysis

Calgary’s NDAX is now the first Canadian exchange to avail the XLM/CAD pair.

NDAX has launched an XLM/CAD pairing. NDAX is making it easier for Canadians to diversify their cryptocurrency investments by being a leader in listing new Crypto/CAD pairings.#CryptoNews #cryptocanada #CAD $XLM $XRP $BTChttps://t.co/cN7LWS9OPd

— NDAX (@ndaxio) December 4, 2018

Even with this, XLM is struggling against sellers finding caps at around 20 cents and further losses that will see prices sink below Nov 2018 lows automatically invalidates our previous XLM/USD price analysis. Like before, if there are declines below 15 cents confirming Nov24 losses then Lumens might test 7 cents or May 2017 highs by the end of the year.

This may print if bulls fail to penetrate 25 cents endorsing the bear break out meltdown of week ending Nov 25.

Cardano (ADA) Price Analysis

Perched at 10th, ADA/USD is one of the top performers in the top 10 adding five percent in the last week. This may appear positive but ADA is this year’s worst performers as bears have so far erased 2017 gains.

What’s worse is that we might end up registering new 2018 lows more so if there are drops below Nov 25 lows at 3.3 cents as bears deflate our bullish outlook cancelling the Morning Star in the pattern.

Like in previous ADA/USD trade plans, we suggest taking a neutral but bearish stand, buying ADA once there are high-volume bars closing above 4.5 cents. This shall trigger a wave of aggressive buyers aiming at 6 cents and later 9.5 cents as per our previous iterations.

Tron (TRX) Price Analysis

 

TRX is up 22 percent in the last week and as TRX/USD find support, we might see the cancellation of the bear breakout pattern set in motion by Nov 19-20 break below.

Ideally, we would like to see a spike in trading volumes accompanying any surge above 1.5 cents in line with our last TRX/USD trade plan.

In that case, our first target will be at 3 cents with a safe stop at the lows of the breakout bar.

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 post EOS, Tron (TRX), Litecoin (LTC), Stellar Lumens (XLM), Cardano (ADA) Price Analysis appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

EOS (EOS) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.9581
Капитализация $0 Rank 99999
Цена в час новости $ 2.3455 (-100%)

eos tron analysis price ada stellar ltc

eos tron → Результатов: 126


EOS Sets PR for Its Network Activity Outperforming Peers Such as BTC, Tron or Ethereum

EOS, one of the largest blockchain networks in the market, has registered new records. In the last few days, the digital asset has experienced a very important growth. As reported by eoswriter.io, the network has established a new record for cryptocurrency actions, surpassing Bitcoin (BTC), Tron (TRX) and also Ethereum (ETH). EOS’ Blockchain Activity Increases […]

2019-4-8 00:18


EOS, TRON, Monero и Augur заплатили десятки тысяч долларов за найденные баги

Технологию блокчейн ценят за неизменяемость и повышенную надёжность. Однако распределённые реестры не свободны от изъянов. Только на этой неделе EOS, TRON, Monero и Augur выплатили $24 500 «этичным хакерам», выявившим неполадки в их ПО.

2018-7-8 14:19


Tron(TRX) Slides after Postponement of Super Representative Elections: IOTA, EOS, Tron, Stellar Lumens and Litecoin Technical Analysis

Yesterday we were supposed to see the final push and declaration of Tron Independence. But as with all mainnet launches in this space, it’s but a disappointment. Coin migration from Ethereum is still in progress and this mean Tron election of their 27 Super Representatives of super nodes as dPoS demands will be put off.

2018-6-27 03:02


Фото:

Мнение: Переход на свой mainnet может стать концом некоторых криптомонет

В настоящее время продолжается процесс миграции ряда токенов на собственный блокчейн — это касается, в частности, EOS, TRON и ICON (ICX). Понятно, что своё жилье лучше, чем съёмное, однако в области криптовалют эта логика не всегда работает безошибочно. Все три спокойно жили на платформе эфириума, к...

2018-6-23 14:50


Фото:

Мнение: Переход на свой main-net может стать концом некоторых криптомонет

В настоящее время продолжается процесс миграции ряда токенов на собственный блокчейн — это касается, в частности, EOS, TRON и ICON (ICX). Понятно, что свое жилье — лучше, чем съемное, однако в области криптовалют эта логика не всегда работает безошибочно. Все три спокойно жили на платформе Ethereum,...

2018-6-23 14:50


Фото:

Обзор событий на рынках криптовалют за 16.01.2018

Серьезная коррекция на криптовалютном рынке. Исключением являются: NEO и Monero, все 20 топ криптовалют подешевели. Криптовалюты, которые потеряли вес более чем на 10 процентов: Ripple, Cardano, Bitcoin Cash, Stellar, EOS, Dash, Tron, Bitcoin Gold и Ethereum Classic.

2018-6-22 15:10


Tezos выпустил ключи активации и готовит запуск генезис-блока

Проект Tezos приближается к своему запуску: теперь он объявил о выпуске кодов активации. Этого момента с нетерпением ждали обладатели «предрелизных» токенов Tezzies. Tezos столкнулся с юридическими проблемами и «залёг на дно», в то время как другие проекты, такие как EOS и TRON, умудрились...

2018-6-22 10:08


To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018)

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in.

2018-6-20 03:02


Торговые идеи по криптовалютам на 19 июня 2018 — BTC, ETH, EOS, ZEC, XMR

С начала торгового дня ведущая десятка криптовалют в плюсе. Положительная динамика по капитализации приносит от 2% EOS до 12% TRON. Однако, обращаю Ваше внимание, что тенденция падения капитализации пока что не перебита.

2018-6-19 13:53


If Bitcoin isn’t a Security According to SEC, Which Coins are? : IOTA, EOS, Stellar Lumens, Litecoin and Tron Technical Analysis (June 16, 2018)

Overly, sellers did spring back to action and completely reversing June 14 gains in some coins as IOTA. However, in the midst of all sells, Stellar Lumens is resilient losing three percent. On the other hand, IOTA reversed 100 percent of their 24 hours gains with lows testing minor support at $1.

2018-6-16 03:02