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Analysis

XRP and Stellar Lumens [XLM] Price Analysis: Coins ride the bull wave after weeks of stagnancy

Sarvesh Kumar

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XRP and Stellar Lumens [XLM] Price Analysis: Bank Coins move to the bullish from the stagnant market
Source: Pixabay

After weeks of stagnant movement, XRP finally joined the market rally driven by the bulls. XRP was priced at $0.432 with a market cap of $18.84 million. Stellar Lumens [XLM] is at the 9th position on CoinMarketCap, and was priced at $0.120, with a market cap of $2.23 million.

XRP – 1 Day 

Source: TradingView

The uptrend on the 1-day graph for XRP extended from $0.27 to $0.29. The downtrend stretched from $0.55 to $0.36. The resistance line stood at $0.41, while the support was at $0.294.

In the Aroon indicator, the Aroon top line is seen touching the 100 mark, showed a bullish market trend.

The Chaikin Money Flow suggested that the money inflow into XRP market was greater than the outflow of capital.

In the Relative Strength Index, the indicator was seen crossing the 70 mark. This suggested an overbought market trend.

XLM – 1 Day 

On the 1 day graph of XLM, the uptrend was seen starting from $0.04, going all the way to $0.08. The downtrend started from $0.27 going down to $0.13. The resistance line stood at $0.12 and the support was at $0.074, at press time.

The MACD indicator showed a bullish crossover, making it a bullish market trend.

The Awesome Oscillator indicated short-term momentum.

Bollinger Bands exhibited expanding volatility.



Conclusion

The market for XRP & XLM was overall bullish. However, a few bearish signs were registered on a few indicators.





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I am a journalist here at AMBCrypto. I cover news on prices of various coins in the crypto-verse and also work on the latest news of coins like - Bitcoin| Ethereum| Litecoin and more.

Analysis

Bitcoin[BTC] and Litecoin[LTC] Price Analysis: King coin to recover from fall, LTC could follow suit

Rishi Raj

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Bitcoin[BTC] and Litecoin[LTC] Price Analysis: King coin recovers from the fall, LTC follows the suit
Source: Pixabay

Following a massive sell order on BitStamp exchange on 16 May 2019, Bitcoin saw a drastic fall to a low of $6,192. The king coin regained its momentum from the fall and was priced at $7,419, with a market cap of $131 billion. The 24-hour trade volume came up to $27 billion, out of which BitMex contributed 12.70% via the XBT/USD pair.

Litecoin, the silver to Bitcoin’s gold, was priced at $88.72 with a market cap of $5.48 billion. The 24-hour trade volume came up to  $4.8 billion, out of which, Coineal contributed 10.56% via LTC/BTC pair.

1-Day BTC

Source: TradingView

The one-day chart of BTC showed an uptrend from $4272.43 to $8107.83. The support points were seen at $3,159.65 and 5,004.95 and resistance was at $8206.27

The Relative Strength Index showed a bullish trend as it was exhibiting tremendous buying pressure.

The Chaikin Money Flow displayed the massive inflow of capital into the market.

The MACD indicator showed a bullish crossover.

1-Day LTC

Source: TradingView

The one-day chart of LTC showed an uptrend from $42.27 to $92.92. The support points were at $22.67 and $29.94 and the resistance points were at $102.15 and $92.39.

The Parabolic SAR showed a bullish trend as the dotted markers were under the candles.

The MACD indicator showed a bullish crossover.

The Chaikin Money Flow was seen to be at zero, indicating an equilibrium between money inflow and outflow.



Conclusion

The one-day chart of BTC showed a bullish trend as indicated by the aforementioned indicators. The same can be said about LTC.





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