EOS, Monero (XMR), Litecoin (LTC), Stellar Lumens (XLM), Cardano (ADA) Price Analysis

Aside from Litecoin, most coins under our preview are trading below important support levels. After breaking below 15 cents, we expect Stellar Lumens prices to drop to 8 cents while Cardano’s losses could see ADA print new 2018 lows.

Let’s have a look at these charts:

EOS Price Analysis

EOS/USD Price Analysis

No doubt, losses are steep in EOS/USD pair. It is even made worse by centralization claims, Dan Larimer project hopping and the obvious block producer corruption.

At spot prices EOS is down 11 percent in the last day pushing weekly losses to 39 percent but it could get worse for the coin especially if we take a top-down approach factoring in candlestick alignment in higher time frames.

Read: Study: Pump and Dump Schemes have Negligible Effect on Crypto Markets

Considering that EOS/USD is trading within a confirmed bear breakout pattern thanks to losses below $4 by week ending Nov 25, it appears as if bears will crash below $1.5 and print $0.5 by the January if this rate of erosion is…

Read Full Story : NewsBTC

2018-12-07 05:48:05

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