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XLM Price Struggles to Reach $0.12 as Quick Gains Have Little Support

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Weekends are usually not the most interesting period for cryptocurrency trading. More often than not, the markets go through another massive correction. This weekend is shaping up a bit differently so far, although no conclusions should be drawn at this time. In the case of Stellar price, things are looking quite good, at least for the time being.

Stellar Price Reaches for $0.12

Although Stellar Lumens are not one’s typical cryptocurrency by any means, the project itself is quite successful. It has been following a path very similar to XRP, even though it doesn’t necessarily have the branding of that asset either. For the time being. Both projects are valued entirely differently, albeit they both reside within the market cap top 5 at this time.

Over the past 24 hours, there has been a notable XLM price increase in both USD and BTC value. Courtesy of a 7.3% gain in USD value and a 4.2% gain on Bitcoin, the XLM price is now at $0.118 again. Whether or not it can push through to $0.12 or will drop to the low $0.11 range again, is a different matter altogether.

Although there isn’t too much debate going on regarding Stellar Lumens right now, most of the discussions pertain to the XLM price. RodolfFlocon successfully made some profit by buying XLM on the cheap and selling it for marginal profit. It is evident small gains can also add up to bigger profits along the way, and any profit is still better than a net loss.

Scalped ! Bought yesterday from 3200 to 3400, selling from 3450 to 3600 today . More to come! $xlm #xlm

The current surge of XLM has not gone by unnoticed by any means, which is only to be expected. CoinAlert has already notified subscribers of this “signals group” regarding the price movements ahead. It is evident these groups can be worthwhile now and then, although most people with common sense expected a small bounce for all top markets.

There is also an interesting opportunity to explore on the Bitfinex exchange. Considering how the XLM price has surged by 175% on this exchange in the hours prior, it is quite interesting to see how easily some markets can be manipulated these days. This value has normalized and is now on the same level of other exchanges again, which is good to see.

Hurry! 175.4376% pump alert: #XLM price has moved up from 0.0000348497 to 0.00009599 BTC by 175.4376% within 5 minutes in #Bitfinex.

As is always the case in the world of cryptocurrency and digital assets, a market retrace can occur as quickly as it materializes. Stellar Lumens is no exception to this unwritten rule by any means, although the current trend may remain in place for a few hours. That doesn’t mean all currencies are out of the woods yet, as the overall sentiment remains incredibly bearish first and foremost

source:nulltx.

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Cryptocurrencies price prediction: Bitcoin, Bitcoin Cash, Ethereum

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Bitcoin price analysis: BTC/USD completes first leg up to $10,700

Bitcoin has finally made a gigantic leap out of the range of uncertainty. The battle between the bears and the bulls at $10,200 – $10,435 had reached a stalemate during the weekend sessions. The momentum without a sense of direction while the bears stamped down their control limiting gains above $10,600.

At press time, we see Bitcoin having extended the gains above both the 50 Simple Moving Average (SMA) and the 50 SMA. The break above the hurdle at $10,700 finally completed the leg from $10,200. While the upside has stalled, the buyers are getting ready for the second leg above $11,000 and later $10,200.

Bitcoin

Bitcoin Cash failure to break above $360 during the trading sessions last week. This left a gap that the bears wasted no time exploring. BCH/USD bearish action trimmed the gains first below the moving averages. The tentative support around the 38.2% Fib retracement level taken between the last drop from a high of $358.16 to a low of $267.35 close to $300.

The negative volatility surged sending Bitcoin Cash briefly under $270. A low established at $267.35 allowed the rebound above $300. The battle to break the resistance at $330 is yet to be won. Instead, Bitcoin Cash is trading sideways in a narrow range between the confluence created by the 50% Fib level and the 50 Simple Moving Average (SMA) and $330 hurdle.

Bitcoin Cash

Ethereum hovers above $200 following a new week’s price action. The weekend session was particularly bullish for ETH. The bulls managed to escape the bear range between $180 and $190. This price action set the ground for the breakout above $200 on Monday.

At the time of writing, Ethereum bulls have control over the price. However, the momentum has stalled $202.43 following a 3.15% rise on the day. The 50 Simple Moving Average one-hour is expanding the gap above the 100 SMA one-hour as a key indicator that the buyers will win the confrontation with a break above $205 (seller congestion zone).

Ethereum

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Cardano Price Analysis: ADA Price Has Gained 1.31% in the Last 24 Hours

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Cardano has been able to yield a slight growth of 1.31% over the last 24 hours. With four major price variations, Cardano price touched as high as 0.047540 USD in this period. The coin is likely to follow a recovery path soon. By the end of 2019, ADA coin may experience a price rally. Let us discuss the current data of the coin now.

Current Statistics of Cardano

Cardano (ADA)17th August 03:18 UTC
Rank12th
ROI (Return on Investment)116.38%
Coin Circulation25,927,070,538 ADA
Market Cap1,216,627,881 USD
Value in USD0.046817 USD
Value in BTC0.00000453 BTC
24h Volume44,193,984 USD

ADA to USD Price Comparison

cardano price chart - 17 Aug 2019
ADA Price Chart By TradingView

Today, at the beginning of the day, Cardano price was trading at 0.0473 USD and it started weakening after that. By 05:50 UTC, it was being traded near 0.04447 USD, with a fall of 6.04%. It was, however, followed by a hike of 6.93%, which took the ADA coin to the highest point of the day at 0.047540 USD in just 9 hours and 17 minutes. This growth could not be sustained, and Cardano fell by 2.96% in the next seven and a half hours from 15:08 UTC. The last swing was a marginal recovery of 1.81%, and this took the Cardano price to 0.046964 USD

Cardano Price Prediction

ADA coin’s recent growth hints at the initiation of price recovery by the coin. However, the next couple of weeks may see marginal growth or stagnation. The details of the resistance and support levels are given below:

CardanoResistance & Support Levels
1st Resistance0.047964667 USD
2nd Resistance0.049088333 USD
3rd Resistance0.050640667 USD
1st Support Level0.045288667 USD
2nd Support Level0.043736333 USD
3rd Support Level0.042612667 USD

Source:cryptonewsz.

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Banks like Citi, JP Morgan, Goldman Sachs, BNP, HSBC will come to Bitcoin community for a bail out, claims Max Keiser

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Bitcoin’s falling prices for the past few days has alarmed the “recent introduced” masses across the globe, while tempting hodlers who believe “it’s never a bad time to invest in Bitcoin.” One such prominent Bitcoin advocate, Max Keiser, featured in a recent interview with Trade U to discuss the depreciating value of fiat and Bitcoin’s position to fill the void. Hinting at ongoing interest cuts and related market manipulations, Keiser stated,

“If you want to escape money, you only have two choices: One is gold, the other being Bitcoin.”

In this regard, he also highlighted every government’s race to acquire large reserves of gold, which also suggests the depreciating value of traditional currency. Moreover, the investor suggested that Bitcoin market will “stabilize” and eventually “transform from store of value to a medium of exchange.” What may come as a shock to the wider community, Keiser claimed,

“Altcoin market is never coming back. There’s nothing any of these coins can do that Bitcoin can’t do or won’t be able to do shortly.”

Although “no real use case” argument was put up against the altcoin ecosystem, Keiser banks on Bitcoin’s “unstoppable” nature to experience complete dominance during the next financial crash. Envisioning this future, he warned the traditional market and government agencies,

“Those banks like Citi Group, JP Morgan, Goldman Sachs, BNP or HSBC will come to the, Bitcoin community for a bail out. The Bitcoin community will consider it, but of course it would be done on our terms.”

Keiser also highlighted India’s ongoing crypto-ban notion as a “regretful” decision, while contrasting it with New Zealand’s move to allow crypto for tax and payments purposes. Based on the unknown number of Bitcoin reserves held by various nationalities, it is highly speculated that crypto’s mainstream adoption may redefine global power status for every country. As a result, officials have to soon embark a “now or never” situation that will embark a civilization that uses fiat currency as a vintage collection item.

Source:.fxstreet

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