Markets Update: BNB, LTC, and XLM Pop, Top Cryptos Consol >
This past week’s action has seen most leading markets produce little volatility, with the cryptocurrency meta-trend appearing to comprise consolidation while traders wait to see whether BTC can break above $4,000 for the third time in 2019. However, among the top 10 crypto assets by market cap, LTC, XLM, and BNB have been able to defy the meta-trend to produce seven-day gains of approximately 20% or higher.
Leading Markets Post Slight Weekly Gains as BTC Tests Resistance at $4,000
Most top crypto assets have produced sideways consolidation this past week, with most of the top 15 cryptocurrencies by market cap posting a gain of between 3% and 5% for the past seven days.
As of this writing, bitcoin core (BTC) is trading for $4,000 on Bitfinex and $3,900 on Bitstamp, with traders anxiously awaiting to see whether BTC can break resistance to trade above $4,000 for the third time this year. BTC is up 3.76% in seven days. Approximately $9.6 billion worth of BTC has changed hands in the last 24 hours. BTC currently has a market cap of $69.45 billion.
BTC – 7D Performance
Bitcoin cash (BCH) is trading for $131.66 after gaining 3.08% this week. When measured against BTC, BCH has made virtually no movement in price, currently priced at 0.033 BTC. BCH is the sixth-largest crypto asset with a market cap of $2.31 billion. Roughly $272 million worth of BCH changed hands over the last 24 hours.
BCH – 7D Performance
Ethereum (ETH) is currently trading for $136 after gaining 5.46% over the last seven days. When measured against BTC, ETH has gained 1.61% this week to trade for 0.0346 BTC. ETH is the second largest crypto asset with a capitalization of $14.37 billion. Roughly $4.45 billion worth ETH has been traded over the past 24 hours.
ETH – 7D Performance
XRP is up 1.48% this week, currently trading for $0.31. When measured against BTC, XRP has lost 2.1% during the last seven days to trade for 7,932 satoshis as of this writing. XRP is the third largest cryptocurrency with a market cap of roughly $12.9 billion. $619.55 million worth of XRP trade took place during the last 24 hours.
XRP – 7D Performance
LTC, BNB, and XLM Among Top Markets After Posting Gains Upwards of 20%
Over the past seven days, litecoin (LTC) has gained 20.37% to trade for $57. The rally saw LTC overtake EOS as the fourth largest crypto asset and is currently posting a market cap of $3.47 billion. When measured against BTC, LTC is trading for 0.0143 BTC after gaining 14.61% over the past week. Approximately $1.77 billion LTC has changed hands over the last 24 hours.
LTC – 7D Performance
Of the top 25 crypto assets by capitalization, binance coin (BNB) was the top gaining market of the last seven days, currently priced at $14.55 after gaining 28.28% this past week. When measured against BTC, BNB is trading for 0.0037 BTC after rallying 23.33%. BNB is the seventh-largest crypto asset with a capitalization of $2.05 billion. Roughly $160 million worth of BNB has been traded during the last 24 hours.
BNB – 7D Performance
Stellar (XLM) has posted a weekly gain of 19.89%, currently trading for $0.1. When measured against BTC, XLM is priced at 2,587 satoshis after gaining 16.85% over the last seven days. XLM is the ninth largest cryptocurrency with a market cap of $1.94 billion. Nearly $209 million in XLM has changed hands during the last 24 hours.
XLM – 7D Performance
What do you think BTC will be trading for this time next month? Share your thoughts in the comments section below!
Crypto Market Following Strong Uptrend: Bitcoin Cash, XLM, EOS, TRX Analysis
- The total crypto market cap recovered sharply after testing the key $210.0B support area.
- Bitcoin price jumped back above the $7,800 and $8,000 resistance levels.
- Bitcoin cash price is up more than 5% and it recently broke the key $400 resistance.
- EOS price is now trading above the $6.00 and $6.15 support levels, with a positive bias.
- Stellar (XLM) price is currently consolidating gains above the $0.1300 and $0.1320 levels.
- Tron (TRX) price is slowly moving higher towards the key $0.0300 resistance level.
The crypto market cap is gaining momentum, with positive moves in bitcoin (BTC) and Ethereum (ETH). Besides, BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) are likely to accelerate higher.
Bitcoin Cash Price Analysis
Bitcoin cash price declined heavily this past week and broke the $385 and $365 support levels against the US Dollar. The BCH/USD pair tested the $350-355 support area and recently bounced back sharply. It broke the $385 and $400 resistance levels to move back in a positive zone.
The current price action is positive above $405, with an immediate resistance near the $425 level. A clear break above the $425 resistance may push the price towards the $430 and $440 levels.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price climbed back above the $6.00 pivot level after a strong downside correction. The price is now trading well above the $6.20 support level and it seems like it could even make an attempt to surpass the key $6.50 resistance level in the near term.
Stellar price remained stable after it surged above the $0.1100 and $0.1200 resistance levels. XLM price is now trading nicely above the $0.1350 level and it could soon trade above $0.1400 and $0.1420. On the downside, the main supports are $0.1320 and $0.1300.
Tron price failed to stay above the $0.0300 level for a long time. TRX price declined towards the $0.0265 support level and it is currently correcting higher. On the upside, there are many hurdles near the $0.0295 and $0.0300 levels.
Looking at the total cryptocurrency market cap hourly chart, there was a sharp upward move above the $220.0B and $230.0B resistance levels. The trend line and support near $210.00 and $215.0B proved significant, resulting in a strong upward move. The market cap is now above the $235.0B level and it recently tested the $247.0B level. In the short term, there could be a downside correction, but the $230.0B level is likely to act as a strong support. On the upside, there are many hurdles near $248.0B and $250.0B, above which the market cap could rally to $260.0B. Overall, there could be more upsides in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins in the near term.
Xlm bitcoin news
Stellar Lumen (XLM) Price Could Resume Rally Above $0.1500
Stellar lumen price surged higher above the $0.1050 and $0.1400 resistance levels against the US Dollar. XLM price traded towards the $0.1620 level and recently corrected lower towards the $0.1180.
Aayush Jindal · May 20, 2019 · 5:08 am
Stellar Lumen (XLM) Price Eyes Fresh Rally Above $0.1000
Stellar lumen price started a nice upward move from the $0.0863 swing low against the US Dollar. XLM price climbed above the $0.0950 and $0.1000 resistance levels before correcting lower.
Aayush Jindal · May 13, 2019 · 5:18 am
Stellar Lumen (XLM) Price At Risk Of Significant Downs >Stellar lumen price failed to move above the $0.1020 resistance and declined against the US Dollar. XLM price is currently well below the $0.0980 level and it could decline heavily.
Aayush Jindal · May 6, 2019 · 5:00 am
Stellar Lumen (XLM) Price In Major Downtrend Below $0.1050
Stellar lumen price extended losses and broke the key $0.1100 support area against the US Dollar. XLM price even broke the $0.1050 and $0.1000 support levels to enter a downtrend.
Aayush Jindal · April 29, 2019 · 5:00 am
Stellar Lumen (XLM) Price Sighting Crucial Ups >Stellar lumen price declined sharply after it failed to climb above the $0.1200 resistance against the US Dollar. XLM price tested the $0.1100 support area and it is currently consolidating.
Aayush Jindal · April 22, 2019 · 5:00 am
Stellar Lumen (XLM) Price Could Surge If It Breaks $0.1200
Stellar lumen price corrected lower recently and tested the $0.1100 support against the US Dollar. XLM price is currently moving higher and already recovered above the $0.1160 resistance. There is.
Aayush Jindal · April 15, 2019 · 5:00 am
Stellar Lumen (XLM) Price Could Accelerate Towards $0.1500
Stellar lumen price climbed higher sharply after it broke the $0.1150 resistance against the US Dollar. XLM price tested the $0.1350 resistance level and it is currently correcting lower. There.
Aayush Jindal · April 8, 2019 · 5:08 am
XLM’s Price Isn’t Quite Making the Cut
Stellar Lumens (XLM) is having a relatively mixed week. On one hand, it has moved up the ranks and earned noticeable gains over the past few days, but unlike its.
Nick Marinoff · April 5, 2019 · 3:00 pm
Stellar Lumen (XLM) Price At Risk Of Extended Decline
Stellar lumen price extended gains above the $0.1150 level before correcting lower against the US Dollar. XLM price traded as high as $0.1188 and later declined below $0.1100 and $0.1050.
Stellar Lumen (XLM) Price Sighting Crucial Ups > Aayush Jindal · April 22, 2019 · 5:00 am
- Stellar lumen price declined sharply after it failed to climb above the $0.1200 resistance against the US Dollar.
- XLM price tested the $0.1100 support area and it is currently consolidating losses.
- There is a key bearish trend line formed with resistance at $0.1142 on the 4-hours chart (data feed via Kraken).
- The pair is likely to break the trend line and $0.1150 resistance to start a fresh upward move.
Stellar lumen price trimmed most its gains and declined against the US Dollar, bitcoin and Ethereum. XLM price could bounce back if it continues to stay above the $0.1085 support.
Stellar Lumen Price Analysis (XLM to USD)
This past week, stellar lumen price climbed above the $0.1120 and $0.1150 resistance levels against the US Dollar. The XLM/USD pair even broke the $0.1180 resistance area before sellers protected the $0.1200 zone. A swing high was formed at $0.1198 before the price started a sharp decline. The price broke the $0.1150 and $0.1120 support levels. There was also a close below the $0.1140 level and the 55 simple moving average (4-hours). Besides, the price spiked below the $0.1100 support area and traded to a new weekly low at $0.1087.
Later, the price recovered above $0.1100 and it is currently consolidating losses. It tested the 23.6% Fibonacci retracement level of the last decline from the $0.1198 high to $0.1087 low. However, there are many hurdles on the upside near the $0.1140 and $0.1150 levels. There is also a key bearish trend line formed with resistance at $0.1142 on the 4-hours chart. The 50% Fibonacci retracement level of the last decline from the $0.1198 high to $0.1087 low is also near the $0.1153 level.
More importantly, the 55 simple moving average (4-hours) is positioned near the $0.1150 level. Therefore, a successful close above the $0.1140 level and the 55 simple moving average (4-hours) is must for a strong upward move in the near term. The next main resistance is at $0.1200, where sellers might attempt to prevent an upside break. On the downside, the main supports are near $0.1100 and $0.1085.
The chart indicates that XLM price is clearly trading near key supports at $0.1085. If there is a downside break below $0.1085, the price could accelerate losses towards the $0.1020 level. On the upside, a clear break above the $0.1142 level is likely to encourage buyers to take control.
4 hours MACD – The MACD for XLM/USD is slowly reducing its bearish slope, with positive signs.
4 hours RSI – The RSI for XLM/USD is currently recovering from the 35 level and it could test the 50 level.
Key Support Levels – $0.1100 and $0.1085.
Key Resistance Levels – $0.1142, $0.1150 and $0.1200.
Stellar Lumens (XLM) Breaks Key Resistance, Surges 55% To Outdo Bitcoin
- Stellar Lumens (XLM) rally, add 55.6 percent
- The network failed for two hours on May-15
Stellar’s validator nodes “trust” the SDF nodes. Because of that, there was a failure, and the system couldn’t reach consensus for two hours on May-15. At the moment, XLM is under pressure but up 18.8 percent in the last day.
Stellar Lumens (XLM) Price Analysis
In the words of Yorke Rhodes, development around blockchain feels like it is back to 1995. Then, the internet had little interest to the average consumer. Fast forward, 19 years later, and Web-1 is indispensable. Everyone can be a publisher in this decentralized web where communication is seamless.
Now, it’s blockchain’s turn, and as the world readies for “investment,” Stellar is laying down the infrastructure. The native currency, XLM, fulfills the same functions as XRP, a coin that is embroiled in controversies, struggling to clear the centralization and security tag. However, it is XLM that is under investor’s radar.
Aside from influential partners in IBM, Coinbase is airdropping the coin increasing demand for the asset. At the same time, XLM did draw some momentum from the “Coinbase effect” following its listing at the American exchange.
All the same, XLM did crumble for some hours today following a freeze in the network. For two hours on May-15, the platform couldn’t reach consensus meaning no transactions were validated, because, one Redditor said “most validators on the network, if not all of them, trust SDF nodes. So that means that SDF validators are needed for the network to reach consensus.” In his explanation, Jed McCaleb, co-founder of Stellar, said:
“Over the last months, we have worked to get people to not depend on the SDF nodes. As of maybe a month or so ago the SDF nodes could safely go down and the network would continue. However, this also means that the network can halt even if the SDF nodes are still running. Unfortunately, this is what happened.”
With a pin-bar and zero-support, Stellar (XLM) is melting. Even so, it is up 18.8 percent in the last 24 hours and a massive 55.6 percent from last week’s close. At the back of this is a humongous bull bar marking the entry of buyers, thrusting above a 5-month resistance level at 13 cents.
Because of yesterday’s event and volumes behind the breakout bar, every low dip should be a buying opportunity with the first target at 18 cents. That will be a retest of Q2 2018 lows. Nonetheless, any blast above 20 cents could see XLM rally to 30 cents.
On the flip side, should today’s overvaluation spur a sell-off below 11 cents and 8 cents with high participation, our bullish outlook would be null.
From the chart, prices were mostly ranging with caps at 13 cents and floors at 8 cents. After May 15th’s bull bar — 5 million versus 1 million, any bar cementing buyers above 13 cents ought to be with equally high volumes above 5 million.