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Altcoin Price Analysis: EOS/USD and LTC/USD Slow Down As Traders Buy Dips | Cell Phone Spy and Mobile Tracking Software
Even if yesterday's upsides were limited, altcoins are technically bullish and should print higher as the week come to a close. In that case we expect ADA/USD and XLM/USD traders to buy at spot prices with stops at immediate support. As this prints, EOS/USD, LTC/USD and XMR/USD traders should maintain a neutral position until close above immediate resistance lines triggering bulls. Let's have a look at these charts: EOS/USD Price Analysis Following expansions of Nov 6, yesterday's price action was expected. But, it shouldn't be a cause of concern since price range is tight and trading in the upper half of Nov 6 bar. Because of that we recommend prices to expand in days to come and as such savvy, risk off type of traders can begin buying at spot with first targets at $7 and later $9. However, on a more cautious approach, patient traders can wait for movements above $7 in line with our previous EOS/USD trade plan. LTC/USD Price Analysis Despite yesterdays slow down, LTC/USD is