Price analysis

EOS, Stellar Lumens, Litecoin and Cardano price analysis

Though EOS, Stellar Lumens, Litecoin and Cardano’s price analysis portray positivity, they have not managed to come out of last week’s bears. Some positive news that may have contributed the slight bulls include litecoin’s listing on Gemini and the news surrounding the other coins that may have resulted in more buyers, thus brief gains in the last 24 hours.

EOS

EOS price gained 1% in the last 24 hours to trade at $5.38 at the time of writing. Recently, there has been positive news surrounding the coin and forecasts that have placed the coin’s price at $20 by 2019. The platform adoption has also increased tremendously this year, as such, this price prediction may come true.

Stellar Lumens (XLM)

The recent partnership announcement with SHIFT Markets, a provider of “a turn-key solution to launch your own FX and crypto exchange” boosted the coin’s price to new levels. From this moment, XLM’s price has remained above $0.2. Additionally, technical signals show that the price may increase further in the next Bull Run.

Litecoin (LTC)

Litecoin found support at the previous lows, suggesting that bulls are defending the $48 area strongly. The coin’s price could retest the area of interest around $70 once more and complete the formation of a double bottom pattern. This may be triggered by the recent announcement by Winklevoss Twin’s Gemini of plans to support the coin’s trading pairs.

If this pace continues as it is, then we expect litecoin bulls to push prices above $70, triggering conservative litecoin traders looking to buy on a pullback towards the $110 mark.

Cardano

Cardano’s foundation of speed, efficiency, and user-friendliness are among the features that have placed the coin on the map as one of the best performing digital currencies in 2018. This has pushed the coin’s adoption, and in turn, prices to new levels.

According to this price analysis, and as we continue to wait for the next bull-run, how high do you think the coins’ prices will go?

Share your views in the comments section below

coinmag

Having contributed to many leading financial blogs, Ken's love for cryptocurrencies and the blockchain technology has him on high alert on all price developments within the cryptocurrency sphere.

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