Stellar Lumen (XLM) Price Could Continue Higher Towards $0.1400

Stellar Lumen (XLM) Price Could Continue Higher Towards <img width=.1400" data-lazy-srcset="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=1200%2C570&ssl=1 1200w" data-lazy-sizes="(max-width: 1828px) 100vw, 1828px" data-lazy-src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.1400"1828" height="868" src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?fit=1828%2C868&ssl=1" class="attachment-full size-full wp-post-image jetpack-lazy-image" alt="" data-lazy-srcset="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=1200%2C570&ssl=1 1200w" data-lazy-sizes="(max-width: 1828px) 100vw, 1828px" data-lazy-src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.1400" data-lazy-srcset="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?resize=1200%2C570&ssl=1 1200w" data-lazy-sizes="(max-width: 1828px) 100vw, 1828px" data-lazy-src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />


  • Stellar lumen price formed a solid support near $0.1180 and traded higher against the US Dollar.
  • XLM price broke the key $0.1200 and $0.1250 resistance levels to start an upward move.
  • There was a break above a major bearish trend line with resistance at $0.1250 on the 4-hours chart (data feed via Kraken).
  • The pair is currently struggling to clear $0.1300, above which it could rally towards $0.1400 or $0.1500.

Stellar lumen price is trading with a positive bias above $0.1250 against the US Dollar. XLM price is likely to break the $0.1300 barrier and extend gains towards the $0.1500 level.

Stellar Lumen Price Analysis (XLM to USD)

This past week, stellar lumen price climbed higher steadily against the US Dollar. Earlier, the XLM/USD pair formed a solid support near $0.1180 and later traded higher. It remained stable above the $0.1220 level and the 55 simple moving average (4-hours). Moreover, it broke the 23.6% Fibonacci retracement level of the downward move from the $0.1443 high to $0.1169 low.

Finally, there was a break above a major bearish trend line with resistance at $0.1250 on the 4-hours chart. The pair even traded above the $0.1280 level and recently spiked above the $0.1300 resistance. It seems like the 50% Fibonacci retracement level of the downward move from the $0.1443 high to $0.1169 low is acting as a strong resistance for the bulls.

If there is an upside break above $0.1300, the price could continue to rise in the near term. An immediate resistance is near the $0.1340 level. It represents the 61.8% Fibonacci retracement level of the downward move from the $0.1443 high to $0.1169 low. If the price accelerates above $0.1340, it could rally towards $0.1400 or even $0.1420.

On the downside, an initial support is near the $0.1280 level. If the price starts a downside correction below $0.1280, it could test the $0.1250 support. The 55 simple moving average (4-hours) is also near the $0.1240 level to act as a support. Therefore, dips from the current level may perhaps find a strong support near $0.1250 or $0.1240.

Stellar Lumen (XLM) Price Could Continue Higher Towards <img class=.1400"alignnone size-large wp-image-54574 jetpack-lazy-image" src="https://i0.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/06/Stellar-Lumen-XLM-1100x522.png?resize=1100%2C522&ssl=1" alt="Stellar Lumen Price Analysis (XLM to USD)" width="1100" height="522" data-recalc-dims="1" data-lazy-src="https://i0.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/06/Stellar-Lumen-XLM-1100x522.png?resize=1100%2C522&is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">.1400" width="1100" height="522" data-recalc-dims="1" data-lazy-src="https://i0.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/06/Stellar-Lumen-XLM-1100x522.png?resize=1100%2C522&is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">

The chart indicates that XLM price is placed in a decent uptrend above $0.1250 and $0.1280. If the bulls gain strength above $0.1300, there could be continuous gains. The next stop for them could be $0.1400 or even $0.1450. On the downside, a close below $0.1240 might negate the bullish view.

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 – $0.1280 and $0.1250.

Key Resistance Levels – $0.1300, $0.1340 and $0.1400.

The post Stellar Lumen (XLM) Price Could Continue Higher Towards $0.1400 appeared first on Live Bitcoin News.



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