Stellar Lumens [XLM] Technical Analysis and Price Prediction 2018, 2020 22212
Analysis
Jessica Kuruthukulangara
Sep 2, 2018 at 5:44 AM

While the cryptocurrency market as a whole is seeing strong buying interest, Stellar Lumens [XLM] has also posted decent gains. The coin may not have risen to new milestones, but it is managing to keep away bearish trends. In the last seven days, the virtual asset's value rose as much as 5.5. percent.

XLM/USD

The coin breached a key support level, noted at $0.225, after which it found support again at $0.224 to continue moving upward. The crypto has reached as high as $0.234 and could continue its winning run.

At the time of writing, the 100 EMA line indicated that the virtual currency was in an uptrend. The MACD showed that the digital asset was trading in the bullish zone. The coin was exhibiting a significant trading range of $0.223-$0.235. As of 2350 GMT, XLM had risen 3.2 percent against the U.S. dollar to trade at $0.229.

Stellar Lumens [XLM] Technical Analysis and Price Prediction 2018, 2020-BCFocus

XLM/BTC

The digital currency, at the time of writing, had edged 1.2 percent higher against BTC. Currently, one XLM is equivalent to around 0.000032 BTC.

Stellar Lumens [XLM] Price Prediction 2018, 2020

  • According to Monetize.info, the coin's price could reach $2-$3 this year. The Economy Forecast Agency, which has a more conservative forecast, has predicted that the digital currency will drop to $0.15 this year.
  • Investing Haven has forecast that the crypto could trade at $4 this year, as long as there aren’t any major security flaws and the overall sector preforms well.

Stellar Lumens [XLM] Latest Updates

  • Tempo Money Transfer is currently reaping the benefits of the blockchain in their transfer system, after deciding to use the services of Stellar over Ripple. Anthony Barker, the company’s Chief Technology Officer said in a recent interview that Stellar’s open design made it a “natural fit” for the company.
  • Stellar and IBM have been working closely for a breakthrough in the payments technology. IBM recently launched a new project on the Stellar protocol named IBM Blockchain World Wire. The project can simultaneously clear and settle cross-border payments in near real-time.

See also: 

IBM introduces new payments project built on Stellar protocol 

Ripple’s XRP, Stellar Lumens [XLM] left out of new Morgan Creek crypto fund

Image via Shutterstock

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