Price Prediction: EOS, Litecoin (LTC) and Tron (TRX) Promise Profitability in Short Term - Today's Gazette - Cryptocurrency, Bitcoin News
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Price Prediction: EOS, Litecoin (LTC) and Tron (TRX) Promise Profitability in Short Term

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Price Prediction: EOS, Litecoin (LTC) and Tron (TRX) Promise Profitability in Short Term

The cryptographic market, despite its prolonged crypto winter, has shown that there are alternatives in which fans and trading professionals can take advantage of.

The case of Binance Coin (BNB) has managed to be an example of the positive results that can be achieved with some cryptocurrencies in this land of bears, especially considering some altcoins that have shown great positive signs despite the general crypto fall.

The same holds for TRON (TRX), EOS and Litecoin (LTC); which remain in the middle and lower levels among the ten most important cryptocurrencies. Their behaviors also indicate that we can take advantage of short and medium term runs of these cryptocurrencies to achieve positive results.

TRON (TRX) Price Prediction.

Justin Sun’s Tron (TRX) is anchored in the tenth position of the general ranking with a market capitalization a little above $ 1.5 Billion dollars. Its volume in the last 24 hours – $ 121 million, has allowed it to be the 4th most profitable cryptocurrency in the last hours within the top ten group. Its current price as at the time of writing is $ 0.022 per unit and it is on the lookout for Binance Coin (BNB) which displaced it off the ninth position.

According to the projected graph for short and medium term scenarios we find that Tron presents a descending pattern, which struggles to recover from the immediate support (S1) of $ 0.022256 and to be able to re-push up to resistance levels R1 ($ 0.02273) and R2 in the short term ($ 0.02299), for a period of approximately 15 days; according to the pattern of Elliot Correction Wave (ABCD).

In the medium term (> 1.5 months), the cryptocurrency does not present a good overview, assuming a contraction to levels below $ 0.0225- $ 0.02215.

Also READ  Tron (TRX) Integrated HummingPay To Become World's Greatest Payment Solution Network

Litecoin (LTC) Price Prediction

Created by Charlie Lee, Litecoin (LTC) has been anchored in the 5th position, with some momentary increases to the fourth position, stalking EOS. However, at the time of writing, Litecoin is one of the three cryptocurrencies within the top ten range with losses, although slight with less than one digit. Its quoted price is $ 48.56 (-0.55%) and a market capitalization of almost $ 3 Billion dollars, according to CoiMarketCap.com.

Despite its contraction, according to the indicators, Litecoin (LTC)’s present value is the product of a slight price correction and the digital asset seems to follow the behavior of wedge and support, formed a few days ago, which took their prices off the previous levels of $ 30.

According to this pattern, its next levels are in points R1 ($ 48.25), R2 ($ 48.68) and R3 ($ 49.11) for an estimated period within the next 15 days. Its projected wave allows to infer such behaviors.

Inclusive, the Klinger Oscillator indicator already begins to slowly draw a pattern change for the possible run, like Chaikin Money Flow indicating the entry of money into the system, product of a purchase pressure on the sale of the asset, ratified by the good moment that indicates Awesome Oscillator with its weak negative histograms in red.

Its worst scenario is to return to levels of $ 43.39 for the month of April-May, before the next bullish rally.

EOS (EOS) Price Prediction

It is the 2nd cryptocurrency in the ranking of the ten most important ones that presents the best performance, below Stellar (XLM) at the time of writing. Its current price is $ 3.56 (1.58%) per token with a strong capitalization market of approximately $ 3.2 billion, closely followed by Litecoin struggling to take its place.

Also READ  Chinese Binance Investor says EOS is Nothing but A Scam

The panorama of EOS is not different from the rest of the cryptocurrencies presented in this Post; with a short-term yield of approximately 24% if it manages to stay above the support level S1 ($ 3.4874) that is expected to reach in the coming days to rebound strongly towards the level of R1 ($ 4.6570). Its worse scenario projected in the medium term is for levels of S2 @ $ 2,7583.

Price Prediction: EOS, LTC and Trx promise profitability in the short term.

The Chaikin Money Flow indicator (CMF) remains at optimal levels in the middle zone, indicating the strong struggle between bulls and bears to take control of the cryptocurrency.

On the other hand Klinger ratifies the indicated thing by CMF, although with a liger level of change towards the zone of purchase in its end.

Awesome Oscillator tells us that EOS remains in bullish territory for the next few days, but that its boss can change significantly in the medium term.

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Unbiased journalism is our major focus but its costs a lot of money. However, it is the only means to maintain sanity in the crypto space.

Daniel is a Blockchain technology evangelist with couples of years in the cryptocurrency arena. He has written for many platforms in Spanish, English, and Portuguese.

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