Tron Price Analysis: Monero Upgrades While Bulls Struggle to Register Gains
Overly, there is expectation in the space. Thanks to a successful Monero hard fork, the new “Segwit” mean transactions would cost less. At the same time, the new confirmation from Tron about their “partnership” with Baidu should keep the market vibrant as bulls prepare for gains above 3 cents.
Let’s have a look at these charts:
EOS Price Analysis
To curb money laundering or terrorist financing, most crypto exchanges and fiat-crypto processors demand users to submit personal details as part of their KYC and AML requirements.
President Rob Jesudason writes that the financial system can ill afford to ignore the blockchain’s benefits for tackling issues such as money laundering and .
How Blockchain Offers an Answer to Banks’ KYC and AML Issues
Block.one President Rob Jesudason writes that blockchain offers a solution to Knowing Your Client
However, the President of Block One Rob Jesudason is of the opinion that the incorporation of blockchain technology will increase the effectiveness of this effort.
From the chart, it’s clear that prices are trading within a tight 30 cents range meaning the lack of activity cements our previous. Moving forward, we expect prices to edge higher after dropping more than 80 percent from 2017 highs in line with Fibonacci retracement stipulations. As such, we expect bulls to ideally accumulate in lower time frames in readiness for a rally above $7 triggering our bulls. Like before, we retain a neutral to bullish stand before our trade conditions are met aware that declines below $4.5 deflates buyer’s ambitions.
Litecoin Price Analysis
The coin is down nine percent in the last week and down three percent in the last day. And as they move within a $3 range with caps at around $55 and $50 main support, risk averse traders should take a neutral stand while risk off traders can ramp up on every drop in lower time frames with stops at $50 and first targets at $70 in line with Oct 15 high volume bull bar. Note that any decline below $50 cancels this bull projection. Once it happens, it’s likely that LTC shall drop towards our ideal first bear target at $30.
Stellar Lumens Price Analysis
At the back of strong performance, the slow down in XLM prices is an opportunity for traders to add to their longs. Stellar Lumens prices are down four percent in the last day reversing week over week gains as XLM as sellers set to damp bull momentum bouncing off the main support line at around 20 cents. If anything, we remain upbeat on price and as prices continue to range as yesterday, risk-averse traders can load with first bull targets at 30 cents. Fitting stops should be at around 20 cents just like in our previous. Moves above 30 cents or Sep highs is inviting for risk-averse trader aiming for 50 cents and higher.
Tron Price Analysis
After days of suspension, Tron is now affirming their partnership with Baidu. Baidu is China’s Google and together with Tron they shall “