Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Bitcoin Dominance at 53.25% as Altcoins Register Losses

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Though there are attempts of higher highs now that most coins are yet to break away from key support lines and still trading inside that strong bullish engulfing candlestick of Aug 17, odds are today sellers might snap back and confirm the eight month bear trend. As seen from the chart, Litecoin, Tron, Stellar and even IOTA registered losses with EOS printing a seven percent loss yesterday. Let’s have a look at these charts: EOS Technical Analysis

EOS Daily Chart by Trading View

It’s back to red territory for EOS. Accompanying this depreciation is a seven percent drop in the last day effectively nullifying last week’s attempts for higher highs. Judging from the chart, our EOS trade plan is clear: Sell on every high going forward now that yesterday’s price action was limited with sellers failing to breach Aug 20 lows. Considering  the general layout of candlestick in the