Yesterday was a good day for cryptocurrencies in general. Bitcoin is up and so are most coins under our focus. Not surprising for me to see EOS in the top 5 spot replacing Litecoin. Sad for the ever-vibrant Charlie Lee and Litecoin Foundation’s ambitions of making LTC a crypto choice for merchants but at the end of the day, tides may change.

In my view, I expect Litecoin to recover and even test $180 in the coming days. It’s quite ambitious and so is my IOTA projection. From our IOTA technical analysis, we maintain a bullish stand and if prices expand at this rate then $3 will be a ripe target for buyers and IoT believers.

Let’s have a look at these charts:

XLM/USD (Stellar Lumens)

XLMUSD Daily Chart from Bittrex for April 13, 2018

The top 10 is green and so is Stellar. After periods of necrotic bear market, there is a revival in the markets. In my view-and despite the lack of headline making news in the last 24 hours, our Stellar Lumens technical analysis points to a possible higher highs in the coming sessions.

Because of this general skew, we should move a notch higher where the daily chart gives a clearer picture of this technical formation. As visible from the chart, Stellar is pushing up and following a 12 percent gain in the last 24 hours, prices are now trending above the middle BB.

The thing is, buyers are pushing higher and basically this is a follow through of a bullish divergence pattern which has been in formation since mid may. Our initial targets at $0.30 are short term targets. In the real sense, buyers should look for a 2X gain and $0.40 looks like a perfect target.

IOT/USD (IOTA)

IOTUSD Daily Chart from BitFinex for April 13, 2018

A technology that solves real world problem is bound to explode-regardless of short term obstacles.

Fortunately, IOTA is setting the ball rolling when it comes to a world of interconnected devices and IoT. The EU is talking about it and sooner or later, if there is widespread adoption, prices might explode and slice through $5.5.

Besides real-world demonstration of the use of IOTA as with DXC, news is we expect common wallets like Ledger Nano, Romeo and CarrIOTA to support IOTA in the coming weeks. Of course such is awesome news and a big plus in a day which saw IOTA growing 20 percent.

#CarrIOTA #Romeo #LedgerNano support coming way sooner than you think! Time to get your hardware wallet ordered before they are out of stock! 

Reprint: DALMAS NGETICH Publisher:  DALMAS NGETICH

Source:  Author:  Alex Moore

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