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XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: XRP and XLM finally join the bull rally

Arijit Sarkar

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XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: XRP and XLM join hands for the bull run
Credit: Pixabay

For the past week, the crypto-community has displayed a sharp comeback, with Bitcoin [BTC] breaching the $8000 mark and XRP recording 20% growth in trading value. While XRP is positioned to maintain its upward trajectory, XLM has also begun its swift recovery from the crypto-winter.

XRP/USD 1-Day

Source: TradingView

The 1-day reading for XRP showed a 20.99% increase in coin value, resulting in a trading price of $0.38. Additionally, the coin also came into headlines after it surged by 5.7% within 1 hour. It sported a 24-hour trading volume of $3.4 billion with a market cap of $16.2 billion, at press time. Moreover, the coin maintained an overall sideways trajectory, while showing bullish signs for the past month.

Parabolic SAR: The dotted markers were found below the candlesticks, indicating an immediate ongoing bullish trend.

MACD: Similarly, since the MACD line was positioned over the signal line, again indicating a bull market.

Relative Strength Index: RSI indicated extremely high buying pressure for the XRP market.



Stellar Lumens [XLM/USD] 1-Day

Source: TradingView

Stellar Lumens’ 1-day chart showed that the 9th ranking altcoin struggled to maintain its low performing trading value. On the other hand, the altcoin recorded an impressive hike of 10.79%, resulting in a price of $0.110906, at press time. Moreover, XLM’s recent spike resulted in a market cap of $2.2 billion with a 24-hour trading volume of $0.5 billion, crippling Tron’s [TRX] chance to gain a higher rank on CoinMarketCap.

Bollinger Bands: The divergence of the bands indicated an increase in market volatility.

Awesome Oscillator: The green histogram projection also indicated bullish momentum for the XLM market.

Klinger Oscillator: Similarly, as the blue plot was forming above the green plot, an ongoing bullish market for the altcoin was projected.

Conclusion

Both XRP and XLM finally joined the collective market surge, the rest of the cryptocurrency market was on.





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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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