Altcoins traded relatively well yesterday with most of them reaching higher highs. Tron was the leading altcoin to record gains gathering up to 20% of its value within 24 hours. The Tron Mainnet launch is coming in about five days, and it’s possible that this may have influenced the price of Tron. If the bullish wave of yesterday continues for the rest of the week the altcoins, especially Tron, will rise significantly.
Tron (TRX) Price Analysis
Following what happened with EOS, the Tron community is worried that the Tron Mainnet may have bugs that will cost the cryptocurrency its recent gains. That aside, the altcoin will most likely experience more gains today irrespective of the fact that it is trading with strong bearish opposition. Target your buy at 6.5 cents, 8.5 cents, and 10 cents at intervals.
TRON (TRX) Price Today
Litecoin (LTC) Price Analysis
For the past few months Litecoin has been trading downward unable to shut down the bears. The Litecoin team has been making moves to promote the coin and encourage global adoption but the coin progress is slow. Within the past 24 hours, Litecoin has had a 5% rise in price this has helped increase the buying sentiment. Although the market is still bearish from the top, you can buy and stop at $100.
Litecoin (LTC) Price Today
EOS Price Analysis
EOS has been its bane for a while now with one technical error surfacing after the other and the recent one being Saturday’s glitch. The good thing is that the glitches are identified and fixed swiftly. Over the last 24 hours, there has been some progress as the price is low rejecting lower lows. The significant support is at $10. The selling pressure has been neutralized and there is currently some positive sentiment in the market.
EOS Price Today
It’s still too early to say but it appears like the bears have lost momentum and the bulls are starting to gain ground in the market. If the trend continues this week, the road to long term recovery will be opened.