Cryptocurrency Technical Analysis Today: EOS, IOTA (IOT), Stellar Lumens (XLM), Litecoin (LTC) and Tron (TRX) Tron Mainnet Launch and a Tron Independence Day Will Skyrocket the Crypto Market

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Tron seems to be the only altcoin that has some positive sentiment even in a general bearish market. This is most likely because if the upcoming Tron Independence day. Tron (TRX) prices are fighting hard to keep the bears off.

TRON (TRX) Price Today / USD

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Technical Analysis for Tron (TRX)

Today is the long awaited Tron independence day. Tron will stop its dependence on the Ethereum blockchain and coins will be migrated from the ERC20 to the TRON20. If you have TRX tokens in exchanges that are not supporting the migration, you’re advised to move them now. While Tron is still struggling with the bears, the proves might increase today post the launch.

EOS Price Today / USD

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Technical Analysis for EOS

EOS is under fire after an alleged censorship attempt by the EOS block producers. Yesterday, the bulls attempted to push forward but the bears still managed to push the prices down by 8%. Even if the coin is meeting higher lows, it has not broken the immediate resistance around $9 and $10. This means that there is still hope of a price correction so you should not sell your coins yet.

Litecoin (LTC) Price Today / USD

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Technical Analysis Litecoin (LTC)

The Litecoin community had hope that the debute of Litecoin Futures will boost the price of the coin and increase its presence in the market. However, the coin is experiencing some pullbacks and depreciating short term. The price of the action is bearish and traders are encouraged by Dalmas Ngetich of NewsBTC to wait a reaction bear the immediate resistances between $90 and $100.

Stellar (XLM) Price Today / USD

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Technical Analysis Stellar Lumens (XLM)

Evidently, Stellar Lumens near the end of the bearish pressure and the bulls are making attempts to break in. Although Stellar Lumens is 1% lower in 24 hours, traders aren’t advised to sell at the current price. Wait till there are sell signals on the 4-hour chart which would be between 20 and 25 cents.

IOTA (MIOTA) Price Today / USD

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Technical Analysis for IOTA (MIOTA)

Just like the other cryptocurrencies in the market, IOTA is facing a lot of sell pressure. Traders can decide to sell at the current levels. If you’re planning an unload, however, wait till there is a break below $0.90 to sell.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.


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