For some time now, most altcoins have been on a crossroads between the bulls and the bears. While the bears have had the upper hand most part of the month of October, the bulls seem to be prevailing as the month comes to an end. This shows that buyers are starting to pressure the market and prepare the prices for an upward rally. Traders should use the price declines as an opportunity to buy and hold because the last few months of the year will most likely be epic for altcoins. In today’s price analysis, we will be considering some of the top altcoins in the market: MIOTA, EOS, LTC, and XLM.
IOTA (MIOTA) Price Analysis
IOTA (MIOTA) is currently consolidating its loses. Yesterday, the bulls attempted to push the price above a significant resistance but failed. This is mainly because the bulls were unable to recover from the October 11 loses. Today, however, MIOTA is trading in green against the USD. This shows that the buyers may be preparing to come back to the market. MIOTA is currently trading at $0.495130. This means it is up by 1.26% against the USD and up by 0.96% against Bitcoin.
IOTA (MIOTA) Price Today – MIOTA / USD
EOS (EOS) Price Analysis
EOS is another altcoin that has been having a rough time these past few months. Not too long ago, Bancor launched the PEG Network that allows the creation and integration of in-app by third party developers. It also allows the liquidation of digital assets and autonomous trading on the EOS network. Users also have the power to integrate custom PEG tokens with this system. Unfortunately, it didn’t do much for the altcoin it terms of price action. Yesterday, EOS was moving inside the October 15 lows. However, the altcoin had high trading volumes. Today, EOS started trading in green against the USD but was still trading red against Bitcoin. At the time of writing, EOS was trading at $5.40. This shows that it is up by 0.34% against the USD but down by 0.28% against Bitcoin.
EOS Price Today – EOS / USD
Litecoin (LTC) Price Analysis
Litecoin is doing rather well fundamentally. In fact, the price action shows that there is an upcoming surge against the USD. If the price of Bitcoin remains steady against the USD and the Litecoin upgrade delivers on its promises, there is no telling how high LTC will go before the end of the year. The price action shows that the bears were unable to break the $50 mark when when they tried to stop the price reversal. Yesterday, when other altcoins where trading in red, LTC was trading in green. The bulls keep rejecting lower lows. However, traders should not get too excited until the gains move above $60 and $70. Moving above $70 will pave a way for more gains toward $110. Moving below $50, on the other hand, will lead to more loses below $30. Right now, Litecoin (LTC) Is trading at $52.37. It is up by 0.27% against the USD but down by 0.01% against Bitcoin.
Litecoin (LTC) Price Today – LTC / USD
Stellar Lumens (XLM) Price Analysis
The price action on a weekly basis shows that XLM is up by 8%. Unfortunately, the altcoin isn’t doing so well today as it is trading in red against the USD and Bitcoin. Right now, XLM is trading at $0.243871. This means that it is down by 0.37% against the USD and down by 1.00% against Bitcoin. The good news is that the fundamentals are strong. So, the present price action doesn’t mean there isn’t any hope for a reversal.
Stellar (XLM) Price Today – XLM / USD