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Analysis

XRP and Stellar Lumens [XLM] Price Analysis: Bull’s presence strengthens market

Namrata Shukla

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XRP and Stellar Lumens [XLM] Price Analysis: Bull's presence strengthens market
Source: Pixabay

XRP, the third largest coin on CoinMarketCap, registered significant growth over the past few days. However, its gains weren’t at par with other major cryptocurrencies in the coin market. Stellar Lumens [XLM] was one of these other cryptocurrencies.

XRP

At press time, XRP was valued at $0.3603, with a market cap of $15.04 billion. It reported a 24-hour trading volume of $1.49 billion, while noting a growth of 0.03% over the day. Over the week, the coin noted a 15.93% surge in its price. However, it was falling by 0.36% over the hour, at press time.

Source: Trading view

Source: TradingView

According to XRP’s long-term chart, a downtrend was observed from $0.5554 to $0.3670. However, the chart did not note any significant uptrend. The resistance for XRP was marked at $0.3869, while the support was marked at $0.2923.

Bollinger Bands appeared to be diverging, suggesting increased volatility in the market. The moving average line aligned under the candles, supporting a price hike.

Awesome Oscillator indicated strengthening bullish momentum.

Chaikin Money Flow also marked a bullish trend as the marker was above the zero mark.

Stellar Lumens [XLM]

Source: Trading view

Source: TradingView

At press time, XLM was valued at $0.1338 with a market cap of $2.57 billion. The 24-hour trading volume of XLM was observed to be $374 million, while it noted a growth of 5.64% over the day. XLM’s price rose by 23.22% over the past week and was still rising by 0.33% over the past hour, at press time.

Parabolic SAR noted a bullish market as the dotted markers were under the candlesticks.

MACD line was under the signal line, marking a bullish market.

Relative Strength Index indicated that the cryptocurrency had entered the overbought zone.



Conclusion 

The indicators for both XRP and XLM marked the presence of a raging bull. A bullish trend was thus predicted for the coins.





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

Analysis

Litecoin [LTC] smashes $100 valuation for the second time this year

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Litecoin [LTC] smashes $100 valuation; twice in the same year
Source: Pixabay

Litecoin [LTC] posted massive gains and came out as the biggest winner among altcoins as the week came to an end. The digital coin led the altcoin pack towards another bull run.

The latest pump, however, drove the crypto-asset’s price over $100-mark for the second time this year. Subsequently, the silver coin took over EOS to secure its position as the fifth largest crypto-asset by market cap.

As the crypto market started embracing green, many analysts in the space are of the opinion that the “altseason is upon us”. With the latest upswing, LTC became the fourth coin in the top ten with a three-digit valuation after Bitcoin [BTC], Ethereum [ETH], and Bitcoin Cash [BCH].

Source: TradingView

At press time, the coin was priced at $103.4 after surging by 7.93% over the last 24 hours. LTC registered a market cap of $6.40 billion and a 24-hour trading volume of $6.14 billion. Additionally, the digital coin rallied by 17.52% over the past week.

Litecoin was trading highest on Coineal via the trading pair LTC/BTC, accounting for a volume of 11.98%. The crypto-asset exchange was followed by EXX, which held 8.48% of the trading volume via LTC/USDT.



The upcoming Litecoin second halving event, scheduled for August 2019, and institutional adoption of the crypto were attributed to the series of bull domination this year.

Litecoin crashed soon after June 2018 and hit the lowest point at $30 earlier this year. The coin’s market recovery was resisted by bears as it was juggling within the range of $85-$90 before breaking the much-anticipated $100-mark.





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