Stellar Lumen (XLM) Price Signaling Bullish Continuation To $0.1600

Stellar Lumen (XLM) Price Signaling Bullish Continuation To <img width=.1600" data-lazy-srcset="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?w=1680&ssl=1 1680w" data-lazy-sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" data-lazy-src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?fit=1200%2C570&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.1600"1200" height="570" src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?fit=1200%2C570&ssl=1" class="attachment-post-thumbnail size-post-thumbnail wp-post-image jetpack-lazy-image" alt="" data-lazy-srcset="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?w=1680&ssl=1 1680w" data-lazy-sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" data-lazy-src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?fit=1200%2C570&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.1600" data-lazy-srcset="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?w=1680&ssl=1 1680w" data-lazy-sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" data-lazy-src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/05/Stellar-Lumen-XLM-3.png?fit=1200%2C570&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />


  • Stellar lumen price found a strong support near $0.1175 and recently climbed higher against the US Dollar.
  • XLM price broke a few important resistance levels near the $0.1250 and $0.1300 levels.
  • There was a break above a crucial bearish trend line with resistance at $0.1245 on the 4-hours chart (data feed via Kraken).
  • The pair is currently trading in a positive zone and it may continue to climb towards $0.1500 or $0.1600.

Stellar lumen price is gaining strength above $0.1300 against the US Dollar. XLM price remains in a solid uptrend and it may soon revisit the $0.1550 and $0.1600 levels.

Stellar Lumen Price Analysis (XLM to USD)

This past week, stellar lumen price corrected lower below the $0.1250 support against the US Dollar. The XLM/USD pair even broke the $0.1200 level and the 55 simple moving average (4-hours). However, the previous support near $0.1175 once again acted as a strong support. The price formed a support base and recently climbed above the $0.1200 and $0.1250 resistance levels. There was also a close above $0.1250 and the 55 simple moving average (4-hours).

Moreover, there was a break above a crucial bearish trend line with resistance at $0.1245 on the 4-hours chart. The pair cleared the 50% Fibonacci retracement level of the last decline from the $0.1449 high to $0.1175 low. The current momentum was positive since there was a break above the $0.1300 level. The price is currently struggling to surpass the $0.1350 and $0.1360 levels. The 61.8% Fibonacci retracement level of the last decline from the $0.1449 high to $0.1175 low is also near the $0.1360 level.

A successful break above the $0.1360 resistance is likely to open the doors for more gains above the $0.1400 and $0.1410 levels. The next key resistance is near $0.1450m, followed by $0.1510. It coincides with the 1.236 Fib extension level of the last decline from the $0.1449 high to $0.1175 low. Conversely, if there is a downside correction, the price might find support near $0.1300 and the 55 SMA. If there are additional losses, the $0.1250 support may perhaps act as a strong buy zone.

Stellar Lumen (XLM) Price Signaling Bullish Continuation To <img class=.1600"alignnone size-large wp-image-54302 jetpack-lazy-image" src="https://i1.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/05/Stellar-Lumen-XLM-3-1100x522.png?resize=840%2C399&ssl=1" alt="Stellar Lumen Price Analysis XLM Chart" width="840" height="399" data-recalc-dims="1" data-lazy-src="https://i1.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/05/Stellar-Lumen-XLM-3-1100x522.png?resize=840%2C399&is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">.1600" width="840" height="399" data-recalc-dims="1" data-lazy-src="https://i1.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/05/Stellar-Lumen-XLM-3-1100x522.png?resize=840%2C399&is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">

The chart indicates that XLM price is gaining strength above the $0.1300 level. Having said that, the price must break the $0.1360 resistance area to start the next upward move. The main targets this week for the bulls could be $0.1450m, $0.1500 and $0.1510.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is currently gaining strength in the bullish zone.

4 hours RSI – The RSI for XLM/USD is currently well above the 50 level, with a positive bias.

Key Support Levels – $0.1300 and $0.1250.

Key Resistance Levels – $0.1360, $0.1450 and $0.1510.

The post Stellar Lumen (XLM) Price Signaling Bullish Continuation To $0.1600 appeared first on Live Bitcoin News.



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