The bulls are struggling to sustain the price above $0.29227.
The bears will now try to sink the price below both moving averages.
If the bulls fail to push the price above the 20-day EMA within the next few days, the bears will try to sink Litecoin below $50.The gradually sloping moving averages and the RSI below 50 suggests that bears have the upper hand.
We will recommend a long position after the price breaks out and sustains above the 50-day SMA.EOS/USDEOS has broken down from the immediate support at $2.8129.
If the range expands to the upside and the bulls push the price above the resistance line of the channel, it will indicate a change in trend.
If the bulls can push the price above $90.40, a rally to $107 is possible.
If the price does not scale above $0.066628 within the next few days, the bears will try to sink it below the moving averages.
If the price sustains below the moving averages, a drop to $0.057 and below it to $0.051014 is possible.
Traders can protect their long positions with a stop loss of $0.051.However, if the bulls can propel the XLM/USD pair above $0.066628, a move to the downtrend line and above it to $0.088708 is possible.
We might suggest a long position if the price sustains above $1.0467.On the other hand, if the price turns down from the zone, it can correct to $0.9410.
Price Analysis 18/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO
Publicado en Oct 18, 2019
by Cointele | Publicado en Coinage
Mencionado en este artículo
UNUS SED LEO
Beginning of the greatest Bitcoin bull trap? BTC vulnerable after 191% upsurge
The Bitcoin price surged by more than 191 percent in the past three months.
China's calls for "speed up" of Hainan's "Blockchain Pilot Zone," no sign of crypto even as Digital Yuan rises
China's leaving no stones unturned in its well-publicized quest to become the world's leader in blockchain development and services.
BitMEX CEO Arthur Hayes: The Bitcoin rally isn't "real" until $15,000 breaks
After holding under $10,000 for a week, Bitcoin saw an explosive breakout on Jun.
Indian IT Giant Tech Mahindra to Offer Blockchain Certification Courses
Indian technology company Tech Mahinda signed a partnership with edtech firm Idealabs to offer blockchain certification courses.