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XRP and Stellar Lumens [XLM] Price Analysis: XLM follows XRP’s lead and rides the bull wave

Rishi Raj

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XRP and Stellar Lumens[XLM] Price Analysis: XLM follows XRP's bull wave.
Source: Pixabay

XRP saw a price drop following a roller coaster market today and stood 3rd on CoinMarketCap. It was priced at $0.4192 with a market cap of $17.6 billion. The 24-hour trading volume was $4.3 billion, out of which BW.com contributed 10.57% via the XRP/USDT pair.

Stellar Lumens [XLM] was priced at $0.1459, with a market cap of $2.7 billion, at press time. The 24-hour trade volume was $728 million, out of which BW.com contributed 9.79% via the XLM/USDT pair.

1 Day-XRP

Source: TradingView

The 1 day chart for XRP showed a downtrend from $0.5813 to $0.4616. The support point stood at $0.2802. The previous support points, $0.4609 and $0.5161, were now resistance points.

The Klinger Oscillator showed a bullish trend as the Klinger Oscillator was above the signal line.

The Relative Strength Index was seen to descend from the overbought zone, but still displayed the buying pressure to dominate the market.

The MACD indicator showed a bullish crossover.

1 Day-XLM

Source: TradingView

The 1-day chart for XLM showed a downtrend from $0.2743 to $0.1403. The support point was at $0.0713. The previous support point of $0.1635 was now a resistance point.

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

The MACD indicator displayed a bullish crossover.

Chaikin Money Flow indicated the inflow of money into the XLM market being more than the outflow.



Conclusion

The 1-day chart for XRP showed a bullish trend, while the same can be said about XLM.





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Analysis

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

Rishi Raj

Published

on

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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