Stellar Lumen (XLM) Price Start Fresh Increase Above $0.1350

Stellar Lumen (XLM) Price Start Fresh Increase Above <img width=.1350" data-lazy-srcset="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.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-1.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.1350"1828" height="868" src="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.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-1.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.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-1.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.1350" data-lazy-srcset="https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.png?w=1828&ssl=1 1828w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.png?resize=300%2C142&ssl=1 300w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.png?resize=768%2C365&ssl=1 768w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.png?resize=1024%2C486&ssl=1 1024w, https://i0.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Stellar-Lumen-XLM-1.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-1.png?fit=1828%2C868&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />


  • Stellar lumen price is facing a few key hurdles near $0.1320 and $0.1345 against the US Dollar.
  • XLM price is holding the $0.1250 support and it could continue to rise in the near term.
  • There is a short term breakout pattern forming with resistance at $0.1280 on the 4-hours chart (data feed via Kraken).
  • The pair is currently moving higher and it looks set for an upside break above $0.1300.

Stellar lumen price is gaining traction and it could climb above $0.1350 against the US Dollar. XLM price must stay above the $0.1200 level to remains in a positive zone.

Stellar Lumen Price Analysis (XLM to USD)

This past week, stellar lumen price gained traction above the $0.1300 resistance against the US Dollar. The XLM/USD pair even broke the $0.1320 resistance and settled above the 55 simple moving average (4-hours). However, the price failed to clear the $0.1345 and $0.1350 resistance levels. A swing high was formed near $0.1345 and the price recently corrected lower.

It broke the $0.1300 support to move away from the pivot levels. The price even traded below the 50% Fibonacci retracement level of the upward move from the $0.1204 low to $0.1345 high. Finally, there was a spike below the $0.1250 support, the 55 simple moving average (4-hours), and the 61.8% Fibonacci retracement level of the upward move from the $0.1204 low to $0.1345 high.

However, the $0.1244 level acted as a support. Moreover, the 76.4% Fibonacci retracement level of the upward move from the $0.1204 low to $0.1345 high also provided support. At the moment, the price is moving higher and is currently stable above $0.1250. Besides, there is a short term breakout pattern forming with resistance at $0.1280 on the 4-hours chart.

Therefore, it seems like the price is forming a breakout pattern either above $0.1300 or below $0.1250. If there is an upside break, the price could retest the $0.1320 or $0.1350 resistance. On the downside, the main support is near $0.1250, below which the price may slide towards $0.1180.

Stellar Lumen (XLM) Price Start Fresh Increase Above <img class=.1350"alignnone size-large wp-image-54670 jetpack-lazy-image" src="https://i0.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/06/Stellar-Lumen-XLM-1-1100x522.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-1-1100x522.png?resize=1100%2C522&is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">.1350" 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-1-1100x522.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 trading with a positive bias above the $0.1250 level. If there is a clear break above the $0.1300 and $0.1320 levels, the price is likely to gain bullish momentum. In the mentioned scenario, the price may even climb further above the $0.1400 and $0.1420 levels. The next key resistance is near $0.1500.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is slowly moving in the bullish zone, with a positive bias.

4 hours RSI – The RSI for XLM/USD is currently just near the 50 level, with a positive angle.

Key Support Levels – $0.1250 and $0.1220.

Key Resistance Levels – $0.1300, $0.1320 and $0.1350.

The post Stellar Lumen (XLM) Price Start Fresh Increase Above $0.1350 appeared first on Live Bitcoin News.



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