Price of altcoin is back in the green. Leading the race is Litecoin (LTC/USD), which has gained 6% in the last 24-hours. With the probability of Stellar getting listed on Coinbase getting higher (after BAT expected support), its volume has shot up significantly high. Analysts believe the expected gains of altcoins will continue throughout this week.
Price of Altcoin – Litecoin (LTC/USD)
Litecoin is one of the leading performers in the top-10 altcoins. October 29’s losses were comprehensively reversed due to higher rate of market participation. Now, the Litecoin price against the US Dollar (LTC/USD) has increased by 6%. Though minor resistance trend lines (connecting highs of last 2 months) are present, there are high chances of them being broken by the Litecoin price surge. Bulls are expected to recoup the October 11 losses during this period of LTC/USD price surge. Traders can buy at spot with stops at US$50 and expect a bull run till US$70.
Price of Altcoin – Stellar (XLM/USD)
Over the weekend, Stellar has shown excellent performance. This has increased the probability for XLM/USD to reach higher highs. Amazing gains after Friday, followed by price confirmation has increased hopes of the market of an impending bull run. However, 25 price is a strong resistance point. Strong gains can be witnessed above this mid-range resistance level. If you are an aggressive buyer, you can buy on dips. In fact, major levels you should keep in mind at the time of cryptocurrency trade are 22 cents, 30 cents, and 50 cents.
Price of Altcoin – EOS.IO (EOS/USD)
Price of altcoins across the board is seeing a price lift especially after the Bitcoin Cash software upgrade event. Since last day, EOS/USD price has increased by around 3%. The EOS.IO price is expected to move higher after the last 18 days horizontal range mode. There’s an underlying momentum in the price of this altcoin as the October 29 losses have been recovered. However, its price is still rebounding within a particular range (within the bullish and high-volume October 15, 2018 bar). The aggressive traders can buy at spot rates. They should keep in mind that US$7 as the first target and US$5 is the closest support.
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