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Stellar Lumens price analysis, prediction and news bites

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Stellar (XLM.X) is trading at $0.26, up 1.96% from yesterday.  XLM/USD is retracing after a recent bull run, upon which the cryptocurrency appreciated 25%. This small near-term correction can be viewed a “jump-in” incentive for bull traders.

XLM is the sixth largest cryptocurrency when it comes to market capitalization.  Its price appreciation and the partnership with IBM are positive signals to investors.  Also, XLM will be listed on Coinbase, which gives the cryptocurrency a significant boost.  

There are some notable developments on the marketing side for Stellar Lumens.  A cryptocurrency wallet provider Blockchain is putting together a crypto giveaway: the company intends to distribute $125 million in Stellar Lumens (XLM) to Blockchain wallet users who sign up for the airdrop.  The first batch of coins will be distributed this week, but the amount of XLM at each airdrop is not known at this point in time. The airdrop program is aimed at attracting new customers.

What is the near-term price forecast for Stellar Lumens?  Here are the major technical indicators:

  • MACD of Stellar Lumens is currently in the bullish zone.  MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is below 50, but still in the neutral zone. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $0.23;
  • A new major resistance level is forming at $0.29.

Over the last 30 days, XLM.X gained 3.68%, which is 6.63 percentage points higher than the 30-day return of Bitcoin (BTC.X).

Source: finstead

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The Bullish Rise in Stellar Lumens (XLM) Price May Continue After A Bottom Out

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XLM, the thicker symbol representing a crypto known as Stellar Lumens, also stands for one of the top trading cryptocurrencies with some of the fastest transaction execution times. Like other cryptocurrencies, it is a payment platform that can execute secure, fast and low-cost payments. These advantages and benefits made it popular in the crypto market. It landed on the top 5 cryptocurrencies by the end of the year as its popularity begins to increase as it offers many advantages to financial investors, banks, organizations.

XLM allows them to have leverage by dealing with micropayments, reduce the cost of remittance and transactions. Launched in 2014, it has come a long way as it had gained not only new developments but also partnerships that help in its success. It has now grown into a competitive asset due to its various advantages. Many market enthusiasts are now anticipating the XLM price prediction 2019 as to know what it holds.

Stellar Lumens (XLM) Price Prediction

The year 2019 holds a great promise for XLM as the bull market has finally come. Stellar will have a partnership with TransferTo, therefore, boosting international money transfers. It will continue to have success as its price will be around $0.505 in February to March. It will then increase $0.611 by the second quarter. By the end of the year, its price will have reached $0.664. Partnering with big tech giants such as IBM and Deloitte, it will surely be on the top of the market in 2019.

Stellar Lumens (XML) Future Forecast

It will have a $4 base case until the year 2020. It is also said that in about 5 years, stellar will be one of the top performing cryptocurrencies due as its growth increases. Some say that it will be able to have more growth percentage than bitcoin due to IBM’s partnership. These predictions will be expected if stellar is adopted by the global masses, therefore, increasing its value.

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Stellar (XLM) Price Primed For Bullish Breakout If Golden Cross Is Triggered According To XLM Price Analysis

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Stellar Lumens news today is about a Stellar Lumens price analysis that anticipated a bullish breakout for Stellar if the golden cross on the price chart is fruitioned. The Stellar price prediction has been bullish since the beginning of the year but the Stellar community became particularly interested in the golden cross right after the Stellar Coinbase listing. The Coinbase Stellar airdrop also contributed to the positive sentiment in the market. The price of Stellar has done well for the past few months but it is nothing compared to what is to come according to the latest Stellar Lumens price analysis.

Stellar Lumens News Today – Stellar Lumens Price Analysis – XLM Spike From Stellar Airdrop Was Just The Beginning

According to a Stellar price analysis on Cryptodaily, the price of Stellar will soon trigger a golden cross that is going to pave a way for higher highs mid-term. The technicals reveal that the price of Stellar is rallying towards the 200 day EMA. You’ll recall that it was only when the price of Bitcoin, the flagship cryptocurrency, broke the 200 day EMA that it was able to move above the $5000 level and has been bullish since then. So, the same thing is going to happen to Stellar as long as it crosses the 200 day EMA.

Stellar (XLM) Price Today – XLM / USD

Name Price 24H (%)
Bitcoin (BTC)
$5,318.00
0.61%
Stellar (XLM)
$0.116188
0.63%

While this is going to happen, there is no guarantee that it would happen anytime soon. However, as long as the price of Stellar continues to consolidate and positive Stellar Lumens news like the Stellar airdrop and other efforts by the Stellar development foundation continue, the chances of crossing this level will keep increasing. Crossing above the 200 day EMA is going to drive Stellar to the spot light. The price of the Stellar Lumens token will rise significantly against the USD.

At the time of writing, Stellar Lumens was trading at $0.116860. This means that it is up by 0.59% against the USD and down by 1.03% against the price of BTC. The trading volume over a 24 hour period is $250,085,476 and the market capitalization is $2,262,822,395. The Stellar to Bitcoin trading pair still gives enough room for an upward rally.

Stellar Lumens News Today – Fundamentals That Support The Stellar Lumens Price Prediction 2019

There are many factors that will support the price of Stellar long-term. One of them is the Stellar Coinbase listing. Coinbase is the most popular cryptocurrency exchange in the United States and it is only known to list tokens that have potential. Getting listed on Coinbase also promotes exposure for a token. The Coinbase Stellar airdrop is also another factor that will promote the adoption of the Stellar XLM token.

About a month ago, IBM announced that it would be using the Stellar blockchain for a new project with its partner banks. This was major Stellar Lumens news and it is going to support a long-term rise in the price of the token. Everyone expected that IBM would use Ripple for the project but it decided to use Stellar instead. This is in line with the recent research that showed that institutional investors prefer the Stellar blockchain to the Ripple blockchain.

What do you think about the Stellar Lumens news today? Will the price of Stellar increase significantly after it crosses the 200 day EMA? Kindly share your thoughts in the comment section.

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Stellar Lumens [XLM/USD] and XRP/USD Price Analysis: Sideways clamp holds strong as prices stagnate

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The cryptocurrency market’s rollercoaster movement has been an ongoing trend with several coins falling prey to it. The volatility has not been a contained event but is rather something that has affected almost every asset on the cryptocurrency charts. XRP, the third largest cryptocurrency is a prime example of the bear’s hold on the market as shown by the lack of any drastic price change or market cap. Stellar Lumens [XLM], on the other hand, had performed relatively better during the bull run but fell short in terms of sustained positive growth.

XRP 1 day:

Source: TradingView

Source: TradingView

The one-day graph for XRP showed a downtrend that resulted in the falling from $0.514 to %0.366. The long term support for XRP was at $0.28.

The Parabolic SAR was below the price candles which meant that the cryptocurrency was going through a slight bullish atmosphere.

The Relative Strength Index was in the middle of the graph, a sign of the equilibrium between the selling pressure and the buying pressure.

The MACD indicator had undergone a bearish crossover after the convergence of the signal line and the MACD line. The MACD histogram was a mix of bearish and bullish signals.

XLM 1 day:

Source: TradingView

Source: TradingView

XLM’s one-day graph painted a similar picture to that of the  XRP graph with a downtrend that lowered its value from $0.277 to $0.135. The long term support for XLM was at $0.0749.

The Chaikin Money Flow indicator was above the zero line as the capital coming into the market was more than the capital leaving the market.

The Awesome Oscillator had risen in amplitude after the XLM market momentum increased.

The Bollinger bands saw the upper band and the lower band clamp in a parallel movement due to the ongoing sideways movement. The size of the Bollinger cloud was also reflective of the lack of any significant price outbreak.

Conclusion:

The above-mentioned indicators stated that the sudden bull run had completely come to an end and that the bear was back in the driver’s seat. XRP and XLM both incurred losses during the bearish fall and a major reprieve for their prices looks hard to come by.

Source: ambcrypto

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