Buy ( IOTA, Litecoin and NEO) IOTA, Stellar Lumens, NEO, Litecoin, EOS: Technical Analysis for May 4, 2018

While EOS and Tron-which is now out of the top 10, slow down, others are finding an opportunity to expand. In the last 24 hours alone, Litecoin and IOTA have registered impressive gain. In fact the latter is the top performer adding 17 percent in the last 24 hours and continuing with its chart up. As before, Litecoin remains my long term buy and at current valuation, buyers have a perfect opportunity to load up at a discount.

Let look at these charts:

So depending on how you look at it, I really think this four percent slide in EOS valuation is something that will benefit the coin in the long term. Safe to say, our mild bearish skew is coming out just nicely as per yesterday’s analysis. Because of this, we expect prices to find support anywhere between $14 and $18 today or anytime this weekend.

Regardless of this exciting price movements and/or events, there is still some strong under-valuation in Litecoin that I strongly believe that current prices are a discount. Nonetheless, those who didn’t get in at $150 can still buy and trade with the weekly trend which is also bullish complete with stochastic buy signal turning from deep the oversold territory.
No news but the same consolidation and mid range accumulation continues. Despite all this, Stellar Lumens is actually registering very minor losses as it is barely one percent down in the last 24 hours. All in all, we still hold short term bearish skew with main support at 40 cents.

On the other hand, we can also trade a break out if Stellar Lumens buyers push prices beyond 50 cents in the days to come. Better still, you can neglect all these propositions and wait for a stochastic buy signal to print before ramping Stellar Lumens longs.