Well, yesterday was a very good day for all alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in prices. But, if yesterday’s momentum continues and most importantly this week end up bullish then it’s most likely that TRX would edge higher.
EOS TA
It’s easy to point hands and even thrash EOS for their efforts. Yes, there was a glitch on Saturday but it was resolved-quickly and that’s what counts. It’s not EOSIO fault either as their protocol demands an emergency protection mode when low hanging bugs threaten to destabilize or even fork the system.On to the charts and even though EOS is up two percent in the last 24 hours, buyers are equally rejecting lower prices. Our main support stands at $10 while buy triggers are at June 14 highs at $13. Before we conclude on short to medium term trend direction, let’s wait and see where price action will lead us to. Generally speaking, odds are bears might come on top but June 18 bullish candlestick seems to neutralize sell pressure. In fact, overly there is a little bit of altcoins positive sentiment. We might even see a bullish confirmation as prices race and break above our short term consolidation triggering our buys.
Tron (TRX) TA
It is a couple of days before the official Tron mainnet launch. But the question remain: will the mainnet bug strike and reverse possible gains? It has been the case and we saw that when Tron began checking its network for bugs and later it struck shortly after EOS mainnet launch. It’s up seven percent and today we might see buyers inching closer to 5 cents triggering our buys. Because of this, our buy targets is at 6.5 cents, 8.5 cents and later 10 cents.
LITECOIN (LTC) TA
Despite this two month LTC price slide, we cannot overlook the fact that LTC adoption is across the board and global. Even the Litecoin Foundation can attest to this saying support from businesses has been nothing but “incredible”. We can attribute this directly to their social media campaign urging coin holders to pay merchandise from LTC supporting outlets.
LTC might be bottoming. So, at current valuation, it’s but a good time to ramp up this coin. In the last 24 hours alone, LTC is up five percent and with yesterday’s close, there was a perfect follow through buoying sentiment as a result. While we are generally bearish from a top down approach, buying on this pull back with stops at $100 or June 14 lows can be a good trading strategy. However, should you take a conservative stand and wait for our official buy triggers at $110 to be hit, then the better.
Ripple (XRP) TA
Weekly Chart
With this chart we can easily note that bears took approximately two months to reverse April gains. By all accounts this is purely a case of effort and result. Volumes reflect this struggle because while we can see sellers having an upper hand, volumes are noticeably lower.
Daily Chart
It appears as if XRP prices are likely to rise. Relative to our overall bearish stand, it is likely that buyers would have an upper hand. It isn’t hard to see why after June 18 bullish confirmation yesterday.
As such, buying on dips on lower time frames with stops at 45 cents would be safe. From previous forecasts, targets at 70 cents and later $1 assuming bull pressure is strong is ideal. Otherwise, ideal buy triggers for conservatives would be at 60 cents when XRP prices are above recent accumulation or June 12 highs.
Source- https://www.newsbtc.com
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