XLM/USD Price Analysis
Margins are tight and as Bitcoin Cash drags other altcoins with it, Stellar Lumens could flip it to fifth. The gap between these two coins is less than $400 million but since BCH is dropping drying up liquidity and wiping demand, XLM/USD is a contender as the coin losses are low relative to BCH and is trading within a 15 cent trade range.
As long as BTC upsides are capped, XLM and most altcoins could sag and probably retest key support line as prices breakout in either direction. In our case, XLM bears are in control and with 2 cents to go, we expect sellers to exert more pressure and this could see XLM/USD printing 8 cents by the end of the year.