The bulls came back with the price of altcoins this week?
Source:
After 11 months of steady decline altcoins seem willing to make the first noticeable jump up. Litecoin, Monero, Stellar Lumens and Cardano now came to the support lines, so it makes sense to expect a small rebound. Don't forget we are still in a bearish trend, so much to get involved in longs is not worth it.
theEOS
The EOS does not feel as good as the rest of the coins of the stock market. fell below the $ 4 that had served us trigger to open short positions.
image Source — NewsBTC
The Fall is still continuing, it seems the bears have set their sights on draining up to $ 2.5. However, now EOS is in the oversold condition, that the cryptocurrency can test the level of $ 4.
theLitecoin
After falling below $ 50 LTC found support on the phone for 30 dollars. This line has provoked a relatively strong bounce — cryptocurrency grew almost 15 percent in just one week.
image Source — NewsBTC
Customers do not sleep, therefore, the potential trend reversal soon supported by the majority of market players. The next growth target 40 and $ 50.
theStellar
Thanks to everyone XLM user base is experiencing explosive growth — the number of registered purses increased from 162 thousand to two million.
image Source — NewsBTC
However, a major impact on the chart, the distribution of coins is not provided. Now XLM konsolidiruyutsya on the main support line of around 16 cents. If you will be rebound, unlock long with targets in the zone 25 and 30 cents. And don't forget to put stop loss just below 15 cents.
theCardano
Last week Cardano grew by almost 7 percent, indicating that the gradual decrease in the dynamics of the bearish trend. Scale 1-daily chart cryptocurrency is strongly oversold, so soon expect a pullback to the previous support line in the area of 6 cents.
image Source — NewsBTC
We Recommend you to open a small long with a stop loss just below 4 cents. Profit it is best to fix on the line of six cents.
theMonero
Monero is also showing signs of retracement. Earlier, the cryptocurrency fell below the support zone of $ 75, so now this line is the next goal for the bulls.
image Source — NewsBTC
Note that when trading Althingi don't forget about Bitcoin. Carefully follow the schedule of the main cryptocurrencies, because any decline is strongly reflected in the rest of the market.
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