Here’s Why The Price Of Stellar Lumens (XLM) Is Poised For A Major Bull Run, How High Will Stellar Lumens Go?

stellar lumens

Stellar Lumens News Today: Stellar Lumens XLM has been underperforming in the market lately. The price of XLM was unable to hit the $0.1617 high which it touched last two months. In our previous Stellar Lumens news, we talked about how the upcoming upgradation by the Stellar Development Foundation is going to fuel a major bull run for XLM this month. Well, the price of Stellar started the month in grand style as it is up both against the USD and against BTC. If the trend continues, the price of Stellar Lumens is going to retest last months high and it is going to reach new yearly highs in June. According to the Stellar Lumens news on Ambcrypto.com, this bull run is being fueled by the price action of XRP. The two bank coins are moving in the same direction. How high will the Stellar Lumens XLM price go this week and by the end of 2019?

Stellar Lumens News Today: Stellar Lumens Price Prediction 2019 – Stellar Lumens Latest Update – How High Will Stellar Go?

Towards the end of trading last week, the price of XRP moved above the Golden Cross on the technical charts. This was a bullish sign that proved that the bulls have gained control of the market. On Saturday, the price of Stellar Lumens XLM fell below the 50-day moving average indicating that it is higher than its historical index. Typically, when the price of a token reaches the Golden Cross, a bull run will be activated and it would trade upward throughout the period. This may be the ultimate breakout XLM has been waiting for considering the fact that it has spent the better part of the year trending sideways.

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$11,863.50
stellar
Stellar
$0.107

The fact that Stellar Lumens has been trending sideways for a long time is discouraging because Bitcoin has been acting as an anchor for almost every cryptocurrency thanks its bullish comeback. Unfortunately, Stellar Lumens has not gained as much as it should have. The only time the price of Stellar Lumens was able to record significant gains was in mid-way when it increased by 44.17%. Even if the Stellar Lumens price increased by 44.17%, it was still down by 20% since the beginning of the year. February was the worst month for Stellar Lumens as it fell to a low of $0.072 which was the lowest low it had had hit in more than a year.

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$11,863.50
stellar
Stellar
$0.107

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

At the time of writing, the price of Stellar Lumens XLM was $0.138738. This means that it is up by 3.60% against the USD and up by 2.61% against the BTC. The trading volume over a 24 hour period is $455,164,243 and the market capitalization is $2,681,424,386. If the upward trend continues, we should expect the price of Stellar Lumens XLM to hit the $0.167 level this week. This is currently the strongest resistance. Moving above this level will pave a way for more gains near-term. The week is going to be bullish for XLM just like the rest of the month.

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

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.