Apart from Tron (TRX) which is still experiencing some difficulties, other top digital currencies are in the green. The value of EOS has surged by 22%, and the credit goes to the pump during the Mainnet launch. Stellar Lumens also experienced a 12% increase last week, Litecoin is also in the green. Here is the technical analysis of the some of the most valuable digital currencies in the market.
Technical Analysis of EOS
Lots of people are expecting news headlines from EOS hack. It’s investors who were said to have lost ETH and EOS worth millions of dollars through the vulnerability of Zen Desk – the company that provides email support for Block.one.
On the charts of EOS, prices are picking up from the up-thrust on the 2nd of June. The trend is likely to continue because of the Mainnet launch of the digital currency.
Technical Analysis of Litecoin
Litecoin has released a new version – Litecoin v0.16.0, and SegWit wallets still have full support. There are also optimizations for SHA256 hash function that enhances its speed after the upgrade. The value of the digital currency is appreciating as it checks out from the low of $110. This is also a great period to invest in the digital currency as its value may correct further.
Technical Analysis of Stellar Lumens (XLM)
Just last week alone, the value of Stellar Lumens increased by 12%, and that is pretty impressive. At the moment, risk off traders can start loading XLM with stops at $0.26 now that buyers are adding to their long-term as dictated by the candlestick on the 31st of May.
Technical Analysis of Tron
Not long after they initiated their Mainnet, Tron said they’ll be partnering with Indodax – the largest digital currency exchange in Indonesia – and avail TRX/IDR pair to their customers. This will further increase the exposure of the coin, and prices might also appreciate and reverse losses.