Stellar Lumens Picks Up The Momentum, Up Over 6%, Is $1 Possible By The End Of The Year?

Stellar Lumens news today – The price of Stellar Lumens has picked up the momentum as Bitcoin, Ethereum, XRP and every other cryptocurrency records gains against the USD. This cryptocurrency bull run is just an extension of what has been happening in the cryptocurrency market for the past few weeks. The Stellar Lumens price prediction 2019 has been bullish since the beginning of the year even when the price action of Stellar was not impressive. The Stellar Lumens news about network developments and partnerships by the Stellar Foundation all helped to support the price during the price pull backs. Now, these good developments are going to lead to a more significant surge in the price of XLM that may take Stellar Lumens as high as $1 before the end of the year.

Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – XLM Price Prediction – Stellar Lumens Bulls Are Ready To Take Over The Market

Right now, the bulls are on fire. This morning, the price of Bitcoin surged by almost 11% hitting $8939 on regulated exchanges. As expected, every cryptocurrency including Stellar Lumens followed. Over the last two days, the price of Stellar Lumens is up by more than 10%. While the bullish momentum has been confirmed, there is no way to determine how long the bulls will continue to control the market. However, it’s most likely that the bulls will have strong control of the entire cryptocurrency market until the end of the month.

Earlier in the month, the price of Stellar Lumens XLM was able to surge as high as $0.161 during a market wide bull rally. Since after the market correction, however, Stellar Lumens XLM has been unable to retest this level. With the current price action, there is a strong chance that the price of Stellar Lumens XLM is going to test its monthly high before the end of the month. This is according to the Stellar Lumens price prediction on Cryptopolitain.com.

Right now, the strongest resistance is at $0.161. If the price of Stellar Lumens is able to surge above this $0.161 level, it would have enough momentum to surge even higher near-term. It is currently down by 15% from this key resistance and would need a serious push from the bulls to maintain it. The question remains, will Stellar Lumens maintain the bullish pressure?

Stellar Lumens News Today – Stellar Lumens Price Prediction – Current Price Of Stellar Lumens XLM

At the time of writing, the price of Stellar Lumens XLM was $0.134210. This means that it is up by 6.33% against the USD and down by 1.37% against the price of BTC. The trading volume over a 24 hour period is $530,308,558 and the market capitalization is $2,590,111,846.

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$13,167.98
stellar
Stellar
$0.077

It’s true that Stellar is a solid project and that the Stellar Development Foundation is working hard to promote the Stellar network. However, whether or not the price of Stellar will retest the months high depends on the price action of Bitcoin. Altcoin enthusiasts don’t want to admit but the price action of Bitcoin still influences the price action of altcoins significantly.

What do you think about the Stellar Lumens price prediction 2019 and current price action of Stellar in our Stellar Lumens news today? Share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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