Price Analysis for Litecoin, EOS, and Stellar Lumens: What’s Happening With These Altcoins 

Italian Cryptocurrency Exchange, BitGrail shuts down almost immediately after it re-opened

There is still hope for the altcoin market as some coins have shown significant improvement. The next few hours or trading will determine if these gains can be sustained or not. EOS price is expected to go as high as $15 and may hit $23 by the end of the weekend. So, how are some of the top altcoins doing today?

Litecoin (LTC) Price Analysis

Litecoin had proven to be a strong contender in the cryptoverse. Currently, the bears are in control of the market and are preventing the bulls from moving further upward. There isn’t enough candlestick momentum to push the price above the candlestick of June 4. If sellers push more, the price may go below $115.

SEE ALSO:   Ripple News Today: Ripple is planning to upgrade the technology of the cryptocurrency-Fri Jun 22

EOS Price Analysis

EOS is gathering steam and even if there is negative impact on the price action, positive news about the Mainnet launch is the only thing required to push EOS front. The price charts indicate that EOS is up by 4% within 24 hours even if it is still trading in the high lows of June 2nd. The price is still consolidating indicating that the trade plan is valid. Except EOS breaks lower than the support at $12 and the resistance at $15, there will be hope for the altcoin.

Stellar Lumens (XLM) Price Analysis

Within the last 24 hours, Stellar Lumens has recorded significant gains and has earned a place among the top 10 gainers this week. It is still in the seventh position in terms of market capitalization. By the end of today’s trading session, buyers may overcome the 30 cent resistance if they take full charge of the market. If the coin slopes lower below 27 cents, the five day trade position will be invalid.

SEE ALSO:   EOS Price Analysis: EOS/USD Reversing Late Rally From Thursday In Recent Price Analysis 

The next few trading sessions will determine the fate of these coins in the markets. It’s important to note that the cryptocurrency industry is highly speculative. Anything can happen at anytime so long-term prediction is difficult.

 

loading...

Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com.

SEE ALSO:   Stellar (XML) Price Predictions 2018: Is Stellar (XML) a Good Investment in 2018? (XML News Today)

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!


Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!