Stellar Lumens News Today – Stellar Lumens XLM has been on a sideways trend for a while now. In our last Stellar Lumens news, we talked about the fact that the XLM token was preparing to surge against the USD but was facing difficulties because it could not find a strong support level. In our Stellar Lumens news today, we are going to talk about how the price of Stellar Lumens XLM found support this morning and has managed to stay in an uptrend. If the support continues to hold, it would most likely surge above new resistances near-term.
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – XLM Price Prediction
For more than 2 months, the price of Stellar Lumens XLM was stuck in a descending triangle with a strong support at $0.1161. While it hasn’t been broken below this triangle yet, another support at $0.1060 will hold if the one at $0.1161 fails. On the upside, the most significant resistance is at $0.1300. If the price of Stellar Lumens XLM is able to break above this resistance, it will move as high as $0.1622. While the price of Stellar Lumens is relatively higher, it is approaching the overbought region. This means that there is still a high chance that it will break below the support at $0.1161. It is important that it doesn’t break this support to prevent forming a black cross and reaching lower lows near-term.
Stellar (XLM) Price Today – XLM / USD
The fact that the price of Stellar Lumens XLM is still struggling is discouraging. This is because the Stellar Development Foundation recently announced a protocol upgrade that will boost the speed and performance of the Stellar blockchain. This update was expected to lead to a surge in the price of Stellar Lumens XLM. However, this hasn’t happened. At least not yet. The protocol is going to change the transaction operation scheme on the Stellar blockchain and increase the throughput. This will allow users to create more efficient applications on the blockchain. Wider smart contracts, buying bids, and many other changes have been implemented. Creating codes have also become easier.
Stellar Lumens News Today – Stellar Lumens Price Prediction – Current Price Of Stellar Lumens XLM
At the time of writing, the price of Stellar Lumens was $0.127119. This means that it is up by 2.36% against the USD and down by 2.82% against the BTC. The trading volume over a 24 hour period is $360,659,637 and the market capitalization is $2,467,144,116. Right now, Bitcoin is outperforming almost every altcoin in the market. It wasn’t until toward the end of trading yesterday that Stellar Lumens XLM started picking up. If the bullish pressure continues, there is a high chance that the price of Stellar Lumens XLM will hit $0.1300 this weekend.
Bitcoin is currently surging against the USD at $8,692.93. This means that it is up by 5.11% against the USD. The trading volume over a 24 hour period is $20,175,776,170 and the market capitalization is $154,388,772,736. The flagship cryptocurrency has been on the bull rally for the past 48 hours. If it continues to surge, it will test $9000 near-term.
What do you think about the Stellar Lumens price prediction in our Stellar Lumens news today? Share your thoughts about the XLM price prediction in the comment section.