Home Litecoin Stellar Lumens (XLM) and Litecoin (LTC) Price Set to be Trading at...

Stellar Lumens (XLM) and Litecoin (LTC) Price Set to be Trading at Higher Ground


We the most recent bull run and at-a-level price reversal, we have definitely experienced the BTC – Bitcoin importance throughout the whole week as it impacted the trading patterns that following altcoins took majorly. Leading the surge in a weekly understanding is EOS with 49.38% gain reaching the 6th place by market capitalization with a price/token $8.86. In the upcoming week of this much-welcomed second quarter of the year, altcoins will be catching up even more in value and accordingly as Stellar and Litecoin are under valued and lagging will be catching up; and that heavily.

STELLAR LUMENS [XLM] – Despite the slow down and resistance-meeting that coins had during the night – Stellar Lumens [XLM] is up almost 7.00% in the last 24-hours and 27.93% in the last 7-days which is very impressive in the general idea keeping in mind that sellers had their saying for a couple of months now.

XLM Development

Source: coinmarketcap

The expansion in prices also means a double bar reversal pattern in the weekly chart and even though I won’t recommend long entries at the moment, I believe Stellar to edge higher in the coming session.

Preferred position to step-in would be around the $0.2400 as a recent formed support in the 4-HR chart. Otherwise, you can wait and see when a stochastic buy signal showcases more so in the case that the pair XLM/USD fails to climb up and falls below the $0.24000.

LITECOIN [LTC] – As it always has been, coin token value can be related close and be paralleled-out with the networks impact on it, so Litecoin is running the show accordingly and keeping the original idea intact. Franklyn Richards – one of the Litecoin Foundation developers will be included in the Zulu Republic to be one of the leading heads of their development group and more so – Litecoin Vault.

While this is happening, Litecoin is back to the top 5 and is up 9.36 percent for the week. The result is that bullish engulfing pattern in the weekly chart and a bullish break out pattern in the daily chart. Even though prices are technically up, the Litecoin price analysis could be pointing out to lower lows in the coming sessions with a bullish-step in and take handle in the upcoming weeks.

LTC Price

So, the levels of $115 or $120 will be retested if they will be holding ground before bulls resume ideally just after a stochastics buy signal prints in the 4-hour chart.

Source link